BORROWING TO INVEST

Is borrowing to invest a good idea? All you need to come out ahead is a return on your investment that’s greater than the interest you pay on the loan. That makes it especially tempting when the market is climbing and interest rates are low, such as right now. Say that an investor contributes their maximum allowable amounts to their … Read More

SHOULD YOU HELP YOUR CHILD BUY A HOME?

Most parents who think about helping a child buy a home have something in common. When they bought their first home, it was significantly easier to make the down payment than it is now. Today, real estate prices have escalated, mortgage regulations are stricter and the cost of living is higher. So a parent might feel it’s reasonable to step … Read More

LESSER-KNOWN WAYS TO PROFIT AND SAVE

We all like to learn about tips and tricks to get ahead financially, but not all of them are widely known. Here’s a collection of lesser-known wealth management strategies for everyone, from students to seniors. A WIN-WIN FOR CRITICAL ILLNESS INSURANCE Did you know you can purchase critical illness insurance and get back all of your premium dollars if you … Read More

WHY FINANCIAL LIFE SHOULD INVOLVE BOTH SPOUSES

If you’re like most couples, each spouse ends up assuming responsibility for certain roles. Usually, that’s all well and good – but not when it comes to financial life. Here are several reasons why you’re better off when both spouses are involved in wealth management. APPROACH GOALS MORE EFFECTIVELY Very often in money matters, two heads are better than one. … Read More

RETIREMENT AND THE “WHERE” FACTOR

Have you thought about where you’ll enjoy your retirement? Hundreds of thousands of Canadian retirees believe the best place to spend winter is in the U.S. Sun Belt and other warm destinations. Many purchase vacation properties in Canada where they stay for long stretches throughout the year. Some are quite happy to stay put and others move to be closer … Read More

DO YOU HAVE ASSETS THAT CAN’T BE DIVIDED?

A vacation property owner has always intended to hand down the property to her two children. However, she’s planning her estate and faces a challenge. Her adult daughter regularly vacations at the lakeside property, but her son lives three provinces away and is no longer interested in the property. The equal split no longer works. Family farms and businesses are … Read More

PREPARE YOUR EXECUTOR

Unless you prepare properly, your executor could end up feeling more like a detective. Where are receipts for the final tax return? Where’s the life insurance policy? What, there’s an old bank account from 20 years ago? The job of the executor is involved enough without having to search for information and documents that could’ve been placed at their fingertips. … Read More

WILL YOU NEED LIFE AND HEALTH INSURANCE IN RETIREMENT?

During your working years, many types of insurance are usually considered to be necessary. For example, life insurance protects your family’s financial security and disability insurance protects your income. In retirement, life and health insurance is to a large extent optional, but may still be regarded as essential to many retirees. DISABILITY AND CRITICAL ILLNESS INSURANCE You won’t be getting … Read More

TIME FOR AN RESP CHECKUP?

Set it and forget it. That’s an easy trap to fall into after opening a Registered Education Savings Plan (RESP). Simply choose your investments, make regular contributions – being sure to trigger the maximum annual Canada Education Savings Grant (CESG) – and watch your investments grow. The reality, however, is there are things to do. You should check an RESP … Read More

INVESTING IN THE HOME STRETCH

For most people, investing changes as retirement approaches. The number one concern is usually wealth protection. If markets suffer a severe downturn just before your planned retirement, you want to know your nest egg will remain intact and you’ll still retire on time. Safeguarding a nest egg was easier a generation or two ago. Thanks to higher interest rates, you … Read More