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Interestingly, spouses with very different—even opposite—investment personalities may quite easily develop an investment program that’s just right for the couple. Yet, in some cases, partners who view investing the same way may need to proceed with caution. APPROACHES FOR DIFFERING VIEWS Take the case of a conservative investor and an aggressive investor who share a non-registered account to save for … Read More

Whether the amount is small or large, whether it applies to a couple of years or many, Canadians don’t like their Old Age Security (OAS) pension clawed back. The clawback is officially known as the OAS pension recovery tax. A taxpayer repays 15% of the amount by which their taxable income exceeds the threshold amount, which is $90,997 for 2024. … Read More

Financial behaviourists have identified well over 20 investment biases that can tempt or lead individuals to invest in a particular way. Generally speaking, none of the biases is good news for investors. Fortunately, investors who have an advisor aren’t vulnerable to making poor decisions out of fear, hope or any number of irrational reasons. However, understanding investment biases is still … Read More

When choosing how to make a large charitable gift, the number of available options can seem overwhelming—especially when each brings its own financial benefits. To simplify matters, here are personal situations you may relate to, along with donation methods for each. You want to experience the reward of giving now. You may want the satisfaction of helping out during your … Read More

Naming a beneficiary in a will may be seen as the most common way to leave an inheritance to a loved one. However, in certain situations, many people choose to give an advance on an inheritance during their lifetime or have the funds distributed in the years following their passing. GIVING WHILE LIVING Our increasing longevity can have a significant … Read More

Check to see if one or more of these often-overlooked items may apply to you. Loyalty programs. Each loyalty program has its own rules about whether points can be transferred to a beneficiary, so check your programs’ policies. When allowed, list the loyalty program in your will and name the beneficiary of the points. Also, provide your executor with each … Read More

It’s called the retirement risk zone—the period of several years before your retirement date and the initial years of your retirement. The risk is a severe market downturn and its impact on your retirement savings. A falling market just before retirement could cause unprepared investors to postpone their retirement or modify their desired retirement lifestyle. If the market suffers a … Read More

Your parent may have lived their entire life without a disability only to develop one or more serious physical or cognitive impairments in their senior years. Depending on the impairment’s severity, they may be eligible for the disability tax credit, which can reduce their income tax burden. The impairments covered by the credit fall under the categories of walking, speaking, … Read More

The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance. Not all parents are comfortable sharing their financial life with their children, but your efforts in getting them to share can be well worthwhile. … Read More

In the early months of 2020, the coronavirus outbreak led to a sudden market meltdown—only to be followed by a surprisingly quick recovery by the summer. Not long after, in 2022, equity markets around the world entered bear market territory.  In 2023, the markets rallied. It’s no wonder that many investors today have volatility on their minds. The reality is … Read More