Category Archives: financial goals

Tax Planning – A Year Round Event

You are no doubt being inundated with all the virtues of the Registered Retirement Savings Plan (RRSP) and the tax saving benefits that come along with this program. The problem is that many Canadians only do their tax planning at … Continue reading

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The Speed Limit of Equity Investing

Many families rely heavily on a car in their daily lives. Visiting family, getting to and from school or work, and then on to sports events or lessons – the car and the roads we take it on are a … Continue reading

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Risk Free Returns or Return Free Risk

Over the past few years there has been a flight out of equities and into government bonds. People fear the volatility that has plagued equities since 2008. This strategy appears to have worked. However, there is risk associated with this … Continue reading

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When Should You Start Collecting CPP?

The normal age to start drawing from the Canada Pension Plan (CPP) is age 65. You can begin drawing as early as age 60, but there is a penalty for taking CPP early. So this is an important question that … Continue reading

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Confusion About the Tax-Free Savings Account

It appears that some confusion has developed over the Tax-Free Savings Account (TFSA). Much of the problem may be directly attributed to the name. The word “Savings” seems to imply for most people that the TFSA deposit must be made … Continue reading

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The Ultimate Money Test

Do you have a good grip on your financial situation? Are you prepared for the future and whatever it throws at you? Just how much do you think your net worth is right now? If you don’t know the answer … Continue reading

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Budgeting & Saving Advice for Working Mums

Look around your friends and colleagues and you’re unlikely to find a working mum with plenty of spare time and money. There may be little they can do to increase the actual amount of either, so what counts is making … Continue reading

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The Death of Old Age Security

Today’s retirees were born into a world of entitlement in which the employer, the union and the government provided a defined-benefit retirement plan and financial security from cradle to grave. This scene is changing fast. As Canadians age we are … Continue reading

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Mobile Apps Make Personal Finance On-The-Go Easy

Personal finance mobile applications allow users to do almost anything associated with their financial lives, from tracking their income to paying bills. For example, personal finance mobile apps allow users to create and track budgets, set financial goals, and modify … Continue reading

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What is Financial Planning?

When most people hear the term “financial planning”, they automatically think it has something to do with savings and investing. This is only part of the definition. Although saving and investing is an integral component of financial planning, there is … Continue reading

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