Wealth Management
By Tessa Wilmott Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. Investment income A basic investment portfolio can generate three types of income: Interest income. If you have a…
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DO YOU REMEMBER THE EXCITEMENT of being a kid on allowance day? Whether dashing to the corner store for treats or carefully saving that money for something special, those were some of our first experiences with saving our money and planning our spending. Today we still look forward to payday, but after paying the bills,…
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The new Liberal government announced significant changes in their budget on March 22, 2016 that affect your personal finances.
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By Brenda Spiering RRIF minimum withdrawal rates were lowered last year. If you withdrew more than required, you have till the end of February to put it back and claim a tax deduction. A Registered Retirement Income Fund (RRIF) is one of the options for converting a Registered Retirement Savings Plan (RRSP) into income, as…
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By Dave Dineen, BrighterLife.ca It’s hard to argue with the old saying, “you can’t take it with you.” Since you can’t take your money with you at the end of your life, you might expect more Canadians would name a beneficiary — the person they want to leave their money behind to — for all their financial…
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EACH YEAR IN CANADA, billions of dollars in assets are transferred at death. Unfortunately, wealth transfers don’t always go as planned. Here’s how you can avoid some of the most common pitfalls when it comes to transferring wealth.1 1. Ensure you have a will Many Canadians don’t have a will that communicates their intentions and…
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It’s more important than ever to have the financial literacy skills needed to manage your money and investments wisely. To help Canadians find the resources they need, a coalition of seven non-profit organizations have joined together to organize this November’s Financial Literacy Month. What better time to take a quick quiz to test your knowledge…
Read MoreYOU’VE BEEN WORKING and saving for this moment for most of your working life – now retirement is on the horizon. But you’re not done planning yet. In fact, there’s never been a more important time to talk to your advisor. Start with these nine questions: 1. CPP/QPP – now or later? The amount you…
Read MoreBy Paul Russell, BrighterLife.ca When deciding whether to save in an RRSP or a TFSA, the choice is basically to pay the tax now, or pay it later. But there’s more to consider. Here’s something we’d all welcome — you unexpectedly receive a $1,000 work bonus and want to invest it for the future. You…
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