Category Archives: saving

Time to Take the Tax Free Savings Account Seriously

Posted on April 14, 2014 by Rick

The Tax Free Savings Account (TFSA) was introduced in 2009. In 2009 and subsequent years through 2012, the TFSA dollar limit was $5,000 per year. For the years 2013 and 2014, the TFSA dollar limit is $5,500. For anyone who … Continue reading →

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Four Elements of Financial Planning

Posted on March 31, 2014 by Rick

When most people hear the term “financial planning”, they automatically assume it has something to do with saving and investing. While saving and investing are integral components of financial planning, they represent only one part of the equation. As we … Continue reading →

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The Purpose of Your RRSP

Posted on February 18, 2014 by Rick

You are probably hearing a lot these days about the options for your Registered Retirement Savings Plan, or RRSP. The reason is that the deadline for 2013 eligible contributions is fast approaching. Thanks to various government programs, the RRSP has … Continue reading →

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Your Investment Policy Statement

Posted on January 9, 2014 by Rick

Welcome to 2014! We thought we would begin the year with a suggestion for a New Year’s Resolution. Establish your personal Investment Policy Statement, or IPS. An IPS is a document that puts in writing a number of parameters that … Continue reading →

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Year End Tax Tips

Posted on November 6, 2013 by Rick

Tax planning is probably the farthest thing from your mind at this time of the year. However, the year 2013 is drawing to a close. That means you are running out of time to take advantage of any last minute … Continue reading →

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Changing Needs During Retirement

Posted on March 14, 2013 by Rick

For those of you who are older than age 50, we ask that you think about how your life and lifestyle changed in the thirty years between your 20s and 50s. If you’re in your 20s, you will have to … Continue reading →

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Are You Ready for Retirement?

Posted on February 12, 2013 by Rick

So you’re thinking about retirement. It may sound good; however, it can also be an emotional and stressful time of life. You begin to dream of playing golf every day, travelling the world, or just sitting back and relaxing. But … Continue reading →

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Tax Planning – A Year Round Event

Posted on February 11, 2013 by Rick

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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No Medical Life Insurance

Posted on February 11, 2013 by Rick

Life insurance is an ideal solution to provide a tax-free benefit to your loved ones upon your death. The money can be used to pay debts, funeral expenses, and estate costs or provide a lump sum of cash to your … Continue reading →

Posted in financial planning, Insurance, investing, saving | 1 Comment

6 Tips on Cutting Costs for Working Students

Posted on October 6, 2012 by Lisa

If you’re working while you’re attending school in order to help finance your education, you know how expensive things can be. School costs a lot of money, not only for tuition, but also for things like books and supplies. You’ve … Continue reading →

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