How Often Should You Check Your Portfolio?

Your portfolio represents your future, so it’s only natural to want to monitor how your investments are doing. How often you need to check largely depends on the type of investor you are. Active investors who constantly buy and sell individual stocks will monitor performance frequently, perhaps daily. But individuals with well-diversified managed portfolios investing for the long term have … Read More

Are You Entering The Retirement Risk Zone?

For several decades as an investor, there was always a silver lining to a market downturn. That’s when investment managers purchased stocks at value prices so you could enjoy higher returns when the market rebounded. But that all changes when you’re close to retirement and once you’re retired. Just before retirement, a plummeting market can severely reduce a nest egg’s … Read More

Early Spousal RRSP Withdrawals

Here’s a strategy especially effective during a period when one spouse has little or no earned income. For several years, the spouse earning the higher income contributes the maximum allowable amount to the spousal RRSP. Then the higher-income spouse stops these contributions and begins contributing to his or her own RRSP for two calendar years after the year of the … Read More

How to Save Tax as a Couple

You can’t escape paying tax on income, but you may be able to split some of your income with your spouse. And if your spouse is in a lower tax bracket, you’ll pay less tax as a couple. Here are three scenarios that illustrate some of the tax-saving strategies available through income splitting. Kim and Henry Kim, an executive at … Read More

When Education Savings May Need a Boost

If a parent bases post-secondary education savings on average costs, the amount needed for tuition would be $6,838 for each academic year, based on the 2018/2019 average for Canadian universities.1 But what if the child decides to pursue dentistry? The average annual tuition for dentistry programs in Canada is $23,474.1 Or perhaps a parent isn’t up to date on campus … Read More

Does Your Spouse Have a Different Investment Personality?

Imagine a couple who have opposite approaches on how to build a nest egg. One spouse believes in investing conservatively so the couple can live their lives without worrying about the markets, even though it means saving more each year to invest. The other spouse believes in investing aggressively, trusting that a portfolio heavily weighted in stocks will deliver higher … Read More

It’s a Family Affair – Featured Story With My Business Magazine

Family values are often defined as the moral and ethical principles and ideas that define behaviour in different situations. It is clear from their actions that the Jackson’s family values encompass loyalty, consistency, helpfulness, and reason. Mick Jackson’s dad, Rick, was a Financial Advisor for thirty years. When he was diagnosed with heart issues in 2000, Mick left an inside … Read More

Family Fun Day July 20

Saturday July 20th 12:00 – 4:00pm Mike Weir Park Pavilion 2354 Lakeshore Road, Brights Grove, ON Food, fun, games and activities for all ages. Bring the whole family, children and grandchildren. Come for an hour or stay for 3… fun for everyone!

When do Your need a Power of Attorney?

Hopefully, you’ll never suffer an illness or disorder that seriously impairs your cognitive functioning. But if you ever suffer such a condition, you may lose the ability to manage your finances – from paying bills to making investment and income decisions. And you could be vulnerable to financial fraud. This is when you want a power of attorney, or mandate … Read More

Leaving More to Your Heirs

Imagine a $1 million estate including $200,000 of stocks in a non-registered account, a $300,000 Registered Retirement Income Fund (RRIF) and vacation property valued at $500,000. But it’s not $1 million to the heirs. There’s a $100,000 capital gain on the stocks and a $300,000 capital gain on the vacation property. At a 50% marginal tax rate, tax payable is … Read More