When you raise a child who has special needs or look after another family member with a disabling medical condition, you spend a lot of extra time providing care. If you also take on the extra financial matters that are involved, it can just be too much. We encourage you to ask for our assistance, so we can make things … Read More


If you take a minute to think about any retired individuals or couples you know of, you’ll probably note a variety of different retirement lifestyles and personalities. There are adventurers, flying off to tour Spain, returning home to visit their children and grandchildren, then taking off to Iceland. There are the happy homebodies, quite content to leave decades of work … Read More

Watch Out For the Windfall Syndrome

A sum of money lands in your lap, perhaps a tax refund or an inheritance, and you’re overcome with the urge to splurge on lavish purchases. That’s the windfall syndrome – if it’s not from your regular paycheque, it’s free money. In fact, you may experience this very temptation just around now if you’ve already received or are about to … Read More

Quick, Name your most valuable Asset

Did you name your house? Your Registered Retirement Savings Plan (RRSP)? An investment account? Your most valuable asset is arguably what funds everything else – your income. It stands to reason, therefore, that your income should be protected. That’s where disability insurance enters the picture. In fact, disability insurance is often referred to as income protection insurance. Disability insurance provides … Read More

Couples Without Children Approach Financial Planning Differently

When you think of the messaging and imagery in financial media stories and advertising, do you ever get the impression that financial planning is mainly for a couple with three kids, a new SUV and a dog? Yet the latest census tells us the socalled traditional family is no longer Canada’s most common household – that title now belongs to … Read More

RRSP Versus TFSA: Did you ever have to make up your mind?

If you make your maximum allowable contributions each year to your Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA), you won’t face the often difficult RRSP versus TFSA decision. But many families have one or more members who must decide which vehicle is best for their available investment dollars – quite often a lower-income spouse or adult child … Read More

End of Year Reminders and Strategies

Several routine financial planning items must be completed by December 31. For example, make any charitable donations that you wish to report on this year’s tax return. Contribute to a Registered Education Savings Plan (RESP) to trigger the annual Canada Education Savings Grant (CESG). If you turn 71 this year, you have until December 31 to make your final Registered … Read More

How to Choose a Beneficiary for Your RRSP of RRIF

how to choose a beneficiary for your RRSP of RRIF

One factor drives many decisions behind naming a beneficiary for a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF). When an individual passes away, remaining assets in the RRSP or RRIF are taxed as income at the marginal tax rate on the final return – unless the individual has named a “qualified beneficiary.” A qualified beneficiary is … Read More

Decisions, Decisions, Decisions…

decisions decisions decisions

Many life decisions can be difficult, but when they involve a financial component, input from your lawyer, accountant or advisor could help in some way. Here are a few scenarios to illustrate how such input can make a difference. Caring for a parent Aila and Mark are a couple in their 50s, both working full-time. Aila’s mother, a widow, can … Read More

Credit Cards Do’s and Don’ts

credit cards do's and dont's

College and university students may encounter credit card sales representatives on campus. Students can get their own card at age 18 in Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Prince Edward Island, and at 19 in other provinces. If your child follows these guidelines, hopefully the card won’t be seen as free money. The do’s Aim to limit purchases to what … Read More