How long will I live?

Any which way you look at it, life is too short and we must learn to love life, each and every day as if it was the last. We help our clients find perspective and balance by having them complete our ‘Creation of true wealth’ questionnaire, which will hopefully get you thinking about how you’re…

Read More

RRSP vs. TFSA

Like many Canadians most of us won’t be able to contribute the maximum to both a TFSA and an RRSP so what is the best strategy? Let’s say you have $5,000 to invest and assume for illustration that this is invested for 20 years, grows at 5.5% each year after fees and that your tax…

Read More

Why giving your grown children an allowance may make financial sense

There is a saying “once your child, always your child.” For many seniors, the new saying is “once a dependent, always a dependent”. So does it ever end? With reports suggesting that today’s seniors are the richest in history, maybe it shouldn’t end. As the pile of cash for some wealthy seniors keeps growing, the…

Read More

Four things you might not know about investment fees

Many mutual fund investors simply don’t know what they are paying or even that they are paying anything at all. A research study was done in 2013 by Environics of 1,004 Canadians over 25 years old and with more than $25,000 in investable assets. Of them, 25% said that they did not pay their advisor…

Read More

Here’s why you should show your group pension plan some love

If your boss offered you a $5,000 raise for the same amount of work, would you say no? That fact is that many Canadians are turning this down by not taking advantage of their companies matching of RRSP contributions. The obvious reason is that money is tight for many people and the idea of having…

Read More