What Does the Second Chapter of your Life Look Like?

  After a number of years in the workforce and dealing with deadlines, demands (and way too much office politics) you are more than ready for an infinite amount of rest and relaxation. You have marked the day on the calendar when you are finally free to enter the mysterious world of retirement and can […]

Are you Looking at Joint Tenancy for Financial Assets? Proceed Carefully

Holding financial assets in a joint tenancy is quite common, and in some circumstances it can make good sense. When bank accounts, real estate, mutual funds, bonds, and securities are owned by a couple, the title is passed to the survivor automatically if one of them dies. (Often, the only legal documentation which must be […]

Tax-free Savings Accounts Make Savings Easier for Canadians

A Tax-Free Savings Account (TFSA), is an easy way to save for your financial goals throughout your lifetime. It can be used to save for that down payment on your first home or maybe to start a new business. Over time your goals may change. Travel, retirement or other life events may become your priority. […]

7 Steps to Take Control of your Family Finances Now

Do you feel that you are in charge when it comes to managing your family’s money? Do you know the state of your family’s financial health? If your spouse were no longer in the picture would your financial situation deteriorate? If a sudden change in your health made working implausible would you have enough disability […]

The Spousal RRSP: a Financial Tool for a Comfortable Retirement

A spousal RRSP is a financial tool where one spouse can make a contribution to a plan opened in the other spouse’s name. Couples can then split income in retirement so that each person has a equal amount. This strategy helps to lower their income tax payable.

Generation Y: Tips for Helping Your Kids and Grandkids Survive Financially

If it seems that there is a constant stream of negative press surrounding Generation Y’s abilities to financially survive in today’s economy, you’re right. They have extraordinarily high tuition fees that continue to climb at a steady pace, home prices in the lower mainland are pretty much unaffordable for most people and retirement – well […]

Are you and your Spouse Financially Compatible?

Merging two lives through marriage is one of the challenges of taking this step in your relationship. It can create a strain on even the strongest bond, especially if finances were not brought up before you said, “I do.” Ideally, both of you should have discussed your goals and expectations about money well in advance […]

5 Tips for Living in the Sandwich Generation

  If you’re in a situation where you are caring for your aging parents while raising your own family, you are living in the Sandwich Generation. Hundreds of thousands of other people are feeling the squeeze of offering financial and emotional support to their parents while trying not to feel as though they are shortchanging […]

Do you Have a Financial Plan for the Two Phases of Retirement?

When you make the change in lifestyle to retired person, you will hopefully enjoy many years of active living. While it would be wonderful if we could enjoy this state throughout retirement, Mother Nature has other plans. Most of us can look forward to about 10 or 15 years of active living and then […]

Consider Selling Your House to Finance a Comfortable Retirement

If you are like a number of Canadians who are at or close to retirement age, a significant portion of your net worth is probably tied up in your home. For many of us, owning our own home is a symbol of success and security. We remember the first house we bought, the years of […]