Did you know that after you pass away, all of your assets (investments, cottages, home, etc) are pooled together and the government will tax you based on the value of the assets as part of your final tax bill. The tax has to be paid by the deceased person’s estate.
2015. A fresh start. Maybe time for a change. Are you making any financial changes in your life this year? After speaking with friends and family over the holiday break, here are what some people we know are doing this year.
We are a week away from Christmas Eve!! This year sure has flown by. Thank you to our clients and readers for making it a great one!
Keep an eye out in the new year as we rebrand with a new logo and a new website. We plan to continue with our weekly blog articles in January. Happy holidays and happy new year!! See you in 2015!
Too many times we find ourselves getting caught up in the Christmas spirit of shopping, shopping, and more shopping. Finding the gifts becomes our ultimate goal of the season – so much so that going into debt to buy the perfect present has almost become a norm in today’s society.
Many companies and industry experts today believe they know all the major risks of financial planning: longevity, inflation, withdrawal rates, asset allocation, and rising health costs. This may be true for those who are now retired, however we truly feel there is a greater risk for those who are not yet retired: The “Failure to plan” risk.
Advocis (The Financial Advisors Association of Canada) has teamed up with the Junior Achievement Program to educate students on Financial Literacy. This month, Scott went into a class of grade 8s to educate students on the keys to success.
Below is Scott’s favourite story:
I am thinking of buying a house. What can I do to secure a good mortgage rate?
While we are not mortgage specialists, we can offer a few ideas on how to improve your credit rating.
As we move into week 2 of Financial Literacy Month, we answer these popular questions...
How many credit cards should I have?
In our opinion – two. The first should be the one you use regularly, and pay off in full every month. The second one should be used in a certain emergency situation – when your first card become compromised and frozen.
It’s financial literacy month! We’ll be taking questions and answering them each week during November. If you have any questions, email them to us at firstname.lastname@example.org email@example.com
1. Should I be putting my extra money into a TFSA or RRSP?
I love podcasts. They turn any commute into a learning opportunity and when I get stuck in traffic, I don’t get upset because I am being entertained.