Money Management for your kids

30 Day financial Challenge

Do some financial cleaning with our one-month challenge. WITH PLENTY OF PRIORITIES COMPETING FOR OUR ATTENTION, money matters can sometimes be pushed to the back of the shelf. But, just like an annual decluttering at home, getting our financial house in order can make a big difference to daily life. Make a commitment to take…

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Kids to inherit your vacation property on your passing? Watch out for the taxes!

Summer is upon us, which means spending longer days in the sun and enjoying your cottage with your family and friends. This is also the time that you may start thinking about the future of your cottage and your plans to pass it down your family. If you have decided to bequeath your vacation property…

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Staying invested in the market

POSTED BY PETER WOUTERS of Empire Life A common piece of advice for investors is that long term success doesn’t hinge on timing the market. It’s time in the market that may make the bigger difference. Most investors aren’t professionals. Accredited investment specialists devote their education, training, time and resources to studying the markets and individual companies.…

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Millennials and Retirement

The opinion of retirees and older workers alike is that millennials may have a better chance to control their future when it comes to saving money for their future lifestyles. Let’s take a closer look at that and consider the millennial perspective. The Future of Retirement: Generations and Journeys research (2016) identified a number of…

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How to keep the fear of missing out from messing up your finances

By Renée Sylvestre-Williams @ sunlife.ca   Giving in to FOMO can wreak havoc on your bank account. Here’s how to fight it with a genius budget trick – and a little help from your friends. From scrumptious brunches framed just right to party photos heavy on the merriment and glam, other people’s lives as shared…

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Estate planning in the cyber age‌‌‌‌‌‌‌‌‌

WITH MORE AND MORE CANADIANS conducting their daily business online – from banking and business meetings to shopping and hailing a cab – it should be no surprise that digital assets are increasing. According to Deloitte Canada, the average Canadian has $1,000 to $2,000 in value stored online.1 Deloitte estimates that by 2020, the average…

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Diversification: risk and opportunity

I’m sure many of you have heard the following statements. Perhaps you have made them yourselves. “I don’t like taking risks with my money.” “I can’t accumulate the amount of money I need by simply putting it all into a savings account or term deposits.” “What happens if I put all of my money into…

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Financial tips for your younger self

Written by Peter Wouters Do you ever wish you could talk to your younger self about lessons you’ve learned, more than a few of them the hard way? There are the mishaps you could have avoided, the errors in judgement you could have missed and the regrets you wouldn’t hold. How much better would you feel…

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Do you understand your NEW investment statement?

Client Relationship Model, Phase 2 (CRM2) is an industry-wide regulatory initiative mandated by the Canadian Securities Administrators (CSA). What is CRM2? CRM2 is an industry-wide regulatory initiative that the Canadian Securities Administrators (CSA) have mandated under National Instrument 31-103. Starting in July 2014 and over the next two years, a number of changes will be…

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How to save for tomorrow when you’re not sure about today

By Kim Armstrong – sunlife.ca Job insecurity doesn’t have to mean financial insecurity. These 5 tips will help you improve your financial health and plan for a brighter future. Sophia Erikson is a 26-year-old who, for the past 2 years, has had to live away from her family and friends, moving from one contract job…

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