Amazon Kindle Paperwhite Review: The best e-reader for your money

If you spend a lot of time in airports or on the road, you quickly realize it’s better to travel with fewer electronic devices in your luggage. One of the great exceptions to this rule is the Amazon Kindle e-readers. They’re made to last for weeks on a single charge, and store a huge library of books, so that you … Read More

Plan Now to Minimize OAS Clawback Later

Ever wonder if you’ll be affected by Old Age Security (OAS) clawback? To give you an idea, OAS benefits are reduced for the July 2018 to June 2019 period when net income for 2017 exceeds $74,788. To minimize OAS clawback, you need to reduce net income. During retirement, an effective strategy is splitting pension income. But several strategies, including the … Read More

Invest Wisely and Sleep Well at Night

If you want to sleep well even when markets are volatile, you must invest according to your own risk tolerance. It’s one of the most important factors in investing. Also important, however, is that risk tolerance isn’t something you set and forget. It can change over time because of personal experiences or evolving life situations. Market cycle reaction At first, … Read More

The Estate Freeze

The key reason to use an estate freeze is to minimize the capital gains tax liability on assets left to children. It’s typically used when transferring a family business to the next generation. Capital gains on an owner’s interest in the company become taxable in the year of the owner’s passing. A significant tax bill could be a hard hit … Read More

Minimizing Taxation of Estate Assets

Of the G7 nations, Canada is the only one without an estate tax. But the federal government still has its ways of collecting tax when someone passes. Remaining assets in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) are taxed as income on the final tax return, which means about half of the balance could go … Read More

Factor The New Longevity Into Your Financial Plans

In 2001, there were 3,795 Canadians aged 100 or over. In 2016, the number more than doubled to 8,230 centenarians. 1 According to Statistics Canada, a Canadian male aged 65 is expected to live to 84 and a female to age 87. These are average life expectancies, so it’s probably wise to count on a longer life when making financial … Read More

The Smart Way To View An Expected Inheritance

It’s tempting to count on an expected inheritance as money in the bank – but it doesn’t always work out so perfectly. Anyone’s parent or parents could encounter situations or challenges that jeopardize the legacy they wish to leave to their children. Understand the risks An inheritance could be less than anticipated simply because life expectancy is increasing. Funding the … Read More

22 Microhabits That Will Completely Change Your Life In A Year

Breakthroughs don’t change your life. Microhabits do. Benjamin Hardy compares this concept to compounding interest, and how, given the choice, most people would take $1,000,000 in their bank account right now as opposed to a penny that doubles in value over the course of the month. What most people don’t realize is that those who take the big payout end … Read More