Collateral Mortgages – The Good and the Bad

Most people think of mortgages as pretty straight forward products. Our message is don’t be fooled, they are not. Finding the right solution is best done by partnering with an expert such as a mortgage broker. The last couple of days have delivered the lowest rates ever, which is great news for those of us…

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Less than half of Canadians will contribute to an RRSP this year

According to a recent poll done by a leading Canadian bank, more than half of us won’t be contributing to an RRSP this year. To better assist you in making effective savings decisions and as importantly how best to invest it, we invite you to connect directly for a no obligation discussion – simply click…

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Renting during retirement? 10 cases where it might be right for you

Home ownership is the deeply ingrained Great Canadian Dream. Adding to the dream is retiring as a homeowner without debt. Although that dream is alive and well, and something that most retirees hope for, there can be some very good reasons not to be a homeowner in retirement. While renting in retirement may not be…

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Turn a spouse’s loss into your gain

Before rebalancing a portfolio for a new client, I make it a habit to confirm the Adjusted Cost Base (ACB) of any holdings in non-registered investment accounts. In knowing the ACB, I’m able to know the capital gain (or loss) that would be triggered and the associated tax liability (if any) of selling the portfolio.…

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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…

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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…

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