Money Management for your kids Archives

RESP contribution rules

When it comes to putting money into an RESP, it is very important to know the RESP contribution rules. The rules are complicated and somewhat confusing but I will do my best to try and help you understand how they work.It’s all about the Canadian Education Savings Grant (CESG). The CESG is 20% of every…

Financial markets at a glance – September 30, 2021

Love is an action word!

Love is an action word. Have you done any of these for your loved ones recently?

New Job? Review your Life Insurance

Starting a new job or changing careers is one of those important times when you need to review your life insurance options.

Myth vs Fact

You work hard to educate your kids about financial responsibility. Preparing for the future with life insurance is a lesson in goal-setting, budgeting and discipline.

ESG Investing

More and more, Canadians want their investments to reflect their personal values and we want our investments to have an impact for positive change in the world. There are many approaches to responsible investing, including: Climate change Women in leadership Community development Excluding fossil fuels, weapons, and vices Companies that perform well on environmental, social…

TFSA in a nutshell

A Tax-Free Savings Account (TFSA) is a personal savings account that can be used to save for any goal. After-tax money can go into a TFSA, but your investments grow tax-free and you won’t pay any tax on withdrawal.Who should invest in a TFSA?Canadians who have reached the age of majorityGreat for short term, medium-term,…

Ten retirement myths series: Myth #9

POSTED BY PETER WOUTERS Things often go wrong or take an unexpected turn even though you carefully planned what you were going to do. Robert Burns’ famous line basically said that the best laid plans of mice and men often go astray. That extends to intentions of staying on the job or finding paid work later…

Decoding financial jargon

How to understand the language of finance like a boss. DOES THIS SOUND FAMILIAR? A colleague is talking to you about the alpha of one of their investments. You nod your head, but your eyes gloss over. The discussion ends and you wonder what you just had a conversation about. Finance-speak can be confusing…

Ten retirement myths series: Myth #7

POSTED BY PETER WOUTERS Some rules of thumb and long held assumptions may work well while you are saving for retirement. Holding on to them when you are spending those savings during retirement, may become toxic to your financial health. The myth is that you’ll have enough money to last through retirement as long as the…

Money Management for your kids

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