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Personal Wealth and Finance




Financial Viewpoint

Don’t let fraudsters steal your financial security

We live in a busy world with the increasing stress of overwork, concerns for our children’s fiscal and career futures, ageing parents, and our retirement, ageing and health concerns. Others are dealing with grief over a family death. Stress weakens …


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Unknown

Balancing Investor Risk and Reward

The risk/reward concept states that the higher the risk of a particular investment, the higher the possible return. Although there usually is some risk with any equity investment, it is essential to assess just how much risk your portfolio should carry. Risk involves the potential for gain or loss of monies invested.


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Life Insurance

Increased Wealth Protection 

Permanent Life Insurance can provide wealth protection that becomes especially attractive after clients have maxed out both their registered retirement savings plans (RRSP) and tax-free savings accounts (TFSAs) with money to spare which can pay for the ongoing premium. When considering your potential future tax liability, compare it to the effect that inflation may have on the life insurance's future lowered buying power.


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Registered Investments

RRSP and TFSA Differences

The Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Plan (TFSA) offer two different tax advantages to allow your money to grow. Let’s compare to see which or if both are preferred for you.


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More Recent Articles




Investor Insight

RRSPs: The importance of investment time

The Canadian government regulates the Registered Retirement Savings Plan (RRSP) program, allowing it to have unique tax benefits as you save for your retirement. Annual RRSP contributions can reduce the amount of income tax you pay in the year of …


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Life Insurance

Add confidence to a solid financial plan  

Look through a wider lens to see life insurance at work. Life insurance protects you against income loss, and the adverse effect less income can have on your family if one were to die or have a disability.


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Real Estate

What is the importance of a Status Certificate when buying a condo?

It is important for a purchaser to obtain an up-to-date status certificate for the unit and have it reviewed by a real estate lawyer. Real estate agents generally make the agreement of a condo purchase and sale conditional upon a satisfactory review of the Status Certificate.


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Estate View

Tactical Capital Gains Tax Planning

Capital gains from a business, cottage, second residence, rental property, or non-registered investments are subject to taxation when the property is disposed of. How and when the property is disposed of requires serious consideration, as the tax implications can be enormous.


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Mortgages

The final steps once you buy a home

Article re-published* by AdviceonMedia, May 1, 2019 The closing day is the day when you finally achieve your goal—you take legal possession and finally get to call your new house your own. You are sure to feel great relief and …


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Registered Investments

Avoid RRSP Overcontributions

The registered retirement savings plan (RRSP) is a tax-deductible retirement plan which gives flexible control of your investments in the account. Until age 71, you can contribute to your RRSP, or of your spousal/common-law partner to their age 71.


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Investor Insight

The Power of Women Investors

The incoming generation of investors will be younger and much more diverse, with women now partaking of an increasingly prominent role in building and growing family and personal wealth. This includes millennial women, single mothers, and entrepreneurial women owning or …


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Life View

The Joy of Planned Giving

You don't need to be rich or famous to get involved—everyone can! For example, for just dollars a day you can help feed a child through World Vision. Talk to your advisor about the tax benefits of charitable donations.


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Mortgages

Tips on buying a home

Buying a home, can be one of your most important investments. Here are a few tips on buying a home:


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Investor Insight

Why is portfolio strategy important?

Understand your risk tolerance Each of us has a personal level of risk tolerance which indicates how much risk one is willing to take while investing in markets that always go up and down. Your advisor can help you establish your own unique governing guideline.


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Financial Viewpoint

Working out financial agreements with my fiscal partner

When establishing a financial strategy involving other stakeholders, such as paying down a mortgage, develop a written plan that all parties agree on. You can create written point-form agreements for each to sign in areas of investing, registered vehicle planning, debt repayment, etc.


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Investor Insight

Empowering Wealth Creation for Millennials

Between the late-1970s and the mid-1990s, the most significant generation in the Canadian workforce referred to as millennials (or Generation Y) was born. As the largest generation by population size in North America, by 2025, three out of every four …


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Estate View

Legacy Planning to Maximize your Life’s Influence.

It is important to plan the most efficient manner of leaving hard-earned assets to heirs. Try to attend to these concepts to maximize your legacy. Keep your testamentary trust (your will) updated. Without an updated will, deceased heirs may be …


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Registered Investments

The Registered Education Savings Plan (RESP) for Educational Planning

Facts about an RESP A Registered Education Savings Plan (RESP) is a savings plan registered with the government that can help you save for your child’s post-secondary education. Money invested in an RESP grows tax-deferred. The government helps contribute to …


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Life Insurance

Two income solutions if you are disabled

The individual should include some form of disability coverage to replace his or her income.


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Mortgages

Understanding Variable Mortgages and Interest Rate Increases

Many people cannot stand the risk of not knowing if their mortgage rate is going to climb higher due to rising interest rates.


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