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Visions of retirement are quite different from person to person, but the financial planning to get there is similar for everyone. Here are five essential items on your pre-retirement to-do list. Set the date Setting the date is the fun part — it gives you a specific day to look forward to! Even more important, it provides a target date … Read More

Every year, you contribute the maximum allowable amount to your Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) and meet your non-registered investments goal. You’re on track to achieve your retirement savings objective. But now let’s say you want a larger nest egg — perhaps to retire earlier or more comfortably. So you’re wondering about borrowing money to … Read More

On February 7, 2017, a bill was presented to Congress proposing that Canadians over age 55 can stay in the U.S. up to eight months each year without having to file U.S. taxes. But until that bill passes, it’s critical to keep track of how many days you’re stateside. Overstay your welcome and you may need to complete a U.S. … Read More

Savvy investors are familiar with the concept of dollar-cost averaging — investing smaller amounts at regular intervals. You buy more shares or fund units when prices are low and fewer when prices are high, reducing the average cost of your investments over time. Another convenient benefit is that regular intervals can match up nicely with your paycheques. But what if … Read More

Your retirement success depends on the strategic management of the different types of investments that make up your nest egg. These include: Secure assets to preserve your capital — very important once you are no longer earning income. Growth assets to help ensure your nest egg lasts as long as you need it to. A variety of registered and non-registered … Read More

If you have investments with different investment firms and financial institutions, you’re not alone. It can happen pretty easily. Maybe you have a Registered Retirement Savings Plan (RRSP) from your first place of employment and a Registered Education Savings Plan (RESP) you opened at your bank. Perhaps you bought some stocks at a discount brokerage. The problem is, scattered investments … Read More

An empty nest won’t necessarily remain empty. According to Statistics Canada, 42% of young adults aged 20 to 29 live with their parents. Even at ages 25 to 29, 25% are back home.¹ A child can move home for any number of reasons — a low-paying job, unemployment, an ended relationship. Or a child might be gainfully employed but saving … Read More

At first, when the children have left home, it’s the psychological side of things that strikes you — the exhilaration of newly found freedom, or melancholy over missing your kids, or perhaps mixed emotions. But later, practical matters take over. Here’s a look at some common financial matters to consider once your nest has emptied. The pros and cons of … Read More

In December, many people face a time crunch with holiday planning and end-of-year tasks. But you can reduce the stress by getting a head start on your financial to-do list. Here are some steps you can start planning now. TFSA withdrawals. Do you plan on taking money out of a Tax-Free Savings Account (TFSA) in the near future? Make the … Read More