Financial Planning

6 Tips To Come Out On Top At The End Of The Year

Jane Blaufus | Posted 10.26.2016 | Canada Business
Jane Blaufus

When one is in business it can sometimes feel like you are on a desert island; alone, adrift and not quite certain what the escape plan should be. What used to seem like plenty of time nine months ago is now a case of, "Holy you-know-what! I only have less than three months left of the year!" and one or more of the following issues is raising their ugly head

Do Your Financial Homework On Back-To-School Extracurricular Activities

Brian Gervais | Posted 08.02.2016 | Canada Parents
Brian Gervais

It's peak Alberta summer right now; everything is green, the days are long and the sun is finally shining. Which feels like the worst time to utter those three dreaded words: back-to-school. But it really is true; the early bird gets the worm. This is an especially apt metaphor for all of the extracurricular activities that start up when September rolls around.

Timing Is Everything

Coreen T. Sol, CFA | Posted 07.11.2016 | Canada Business
Coreen T. Sol, CFA

We all invest for the same reason, yet we don't all get the same results. It isn't just the investments we buy. Timing your next contribution or Regis...

6 Reasons It's Important To Both Save And Invest

Posted 07.12.2016 | Canada Business

We list six reasons why it’s important to both save and maximize your hard-earned dollars.

How To Prepare For Millennials Living At Home

YPNextHome | Posted 07.08.2016 | Canada Parents

Forty-two per cent of adults 20 to 29 were living with parents in 2011, up from 27 per cent in 1981. Half of Ontarians in their 20s live at home, according to Statistics Canada's 2011 National Household Survey.

Mortgage Insurance Is Not The Best Way To Protect Your Investment

Josh Miszk | Posted 07.05.2016 | Canada Business
Josh Miszk

Having adequate insurance coverage to protect you and your family in the event that you can't pay your mortgage is a great idea. But is mortgage insurance the right type to buy?

That Emergency Fund Can Wait – Prioritize Paying Off Debt Instead

Nanci Murdock | Posted 07.04.2016 | Canada Business
Nanci Murdock

Your priority should always be to pay off debt. But while you are diligently paying off debt (especially debt with an interest rate 10 per cent), invest in yourself and send a message to the Universe by starting an emergency fund with even just $100 and $50 automatic monthly contribution.

Opportunities To Save In A Day

Posted 07.04.2016 | Canada Living

It may seem like you can’t afford to save, but there are daily opportunities to be frugal.

Saving And Investing: Which One Do I Choose?

Posted 06.27.2016 | Canada Living

There are many ways to save and invest, and both are important to your financial well-being.

These Apps Will Make You Richer

Posted 06.20.2016 | Canada Living

Want to be smarter with your money? Head to the app store to find hundreds of useful programs that help track your spending and organize bills so that you can head down the path toward affluence.

How Much Should You Give For A Living Inheritance?

Andrea Love | Posted 04.28.2016 | Canada Living
Andrea Love

When you make a will, you decide who is going to get your money in the event of your death. The hope is that you not only set up the next generation for financial success, but you also pass along positive financial values they can carry throughout their lifetime.

How Starving Artists Can Create A Stable Income

David Lester | Posted 03.31.2016 | Canada Business
David Lester

All the tips on budgeting are based on people who get paid on a regular schedule, but if you're an actor, musician, etc., you'll get a chunk of change all at one time and then often have a dry spell. It's so easy to blow through the money that you get paid and then have nothing left for the few months that you're waiting for that next gig.

It's Time To Spring Clean Your Financial House

Jane Blaufus | Posted 03.15.2016 | Canada Business
Jane Blaufus

How critically important would it be for you to be in control if life as you know it changes this spring? Remember -- you can prepare now while you are of sound mind and body, or you can pay later. Which one would be your preference?

The Money Illusion of GIC Investing

Coreen T. Sol, CFA | Posted 03.10.2016 | Canada Business
Coreen T. Sol, CFA

In today's highly volatile capital markets, investors who can't stomach the fluctuations have hunkered down in good old Guaranteed Investment Certificates (GICs) and other traditionally categorized 'low-risk' investments. Although it only pays a modest rate of return, you can always count on your money being there when you need it. Or can you?

Ditch Your Reward Cards And Get A Real Reward - Freedom

David Lester | Posted 02.24.2016 | Canada Business
David Lester

Have you ever thought how much more money you spend travelling across town to use that store or get extra rewards? How many points apps or websited do you have on your phone and how do they change our natural behaviour? When we count up the effort, is it worth the reward?

How To Secure Your Financial Future Post-Divorce

Darcie Crowe | Posted 02.03.2016 | Canada Living
Darcie Crowe

It's now your responsibility to watch your income and expenses, and confirm that you're living within your means. Make sure you're paying your bills on time, setting a solid retirement plan in place, and saving for your children's education -- while also putting aside funds for major expenses or future emergencies.

Know Your RRSP Contribution Limit On Deadline Day

Tea Nicola | Posted 02.24.2016 | Canada Business
Tea Nicola

With the deadline looming, you may wonder how much you can contribute to your RRSP. The simple answer is 18 per cent of your income, each year, but of course there are some additional details to understand.

RRSPs Can Be Used For More Than Retirement

Wade Stayzer | Posted 01.05.2016 | Canada Business
Wade Stayzer

With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.

Trapped In A Debt Cycle? This 'Dragon's Den' Host Has An Out

The Huffington Post Canada | Brian Vinh Tien Trinh | Posted 11.27.2015 | Canada Business

“Feeling like you deserve something is different than needing something.”

5 Reasons to Convince Your Parents to Get Out of Mutual Funds

Tea Nicola | Posted 10.24.2016 | Canada Business
Tea Nicola

We've all probably met a financial advisor who told us to buy a "balanced mutual fund," and hard sold their own company's "top performing" fund. They tell a good story, but do they really have our best interests at heart?

Here's How to Invest in a Volatile Economic Cycle

David Lester | Posted 10.20.2016 | Canada Business
David Lester

My overall idea is that by owning the dividend paying stocks outright you have the potential to make even more money and you know I love to do that. Creating a portfolio that is diversified and paying solid dividends will ensure a retirement asset to fulfill your goals and aspirations. Start paying more attention to your money and it'll pay you back with dividends.

Things for Baby Boomers to Consider When Estate Planning

Suzana Popovic-Montag | Posted 10.20.2016 | Canada Business
Suzana Popovic-Montag

Baby boomers are in a unique position with respect to the potential to be leaving behind estates of significant value. As a result of the previous generation's frugal lifestyles, which were often heavily focused on saving, they are set to reap the benefits in the near future.

Why a Sub-Prime Mortgage Isn't Always a Bad Idea

Samantha Brookes | Posted 09.29.2016 | Canada Business
Samantha Brookes

With home prices perpetually climbing higher and with banks continuing to tighten lending standards, more and more people are being pushed into the sub-prime space when applying for a mortgage, which requires higher interest rates and often more stringent repayment terms.

Should Millennials Use Robo-Advisors to Manage Their Money?

David Lester | Posted 09.26.2016 | Canada Business
David Lester

Investing in ETFs with the help of a robot or on your own is a great way to get a toe into the market. It could be a great option for the millions of millennials who are interested in "setting it and forgetting" it. More and more millennials go online to get Ubers, pizza, dates, and entertainment -- why not also have your money managed that way too?

Are Canadians Getting the Most From Their Retirement System?

Bob Stammers | Posted 09.17.2016 | Canada Business
Bob Stammers

As provincial and federal governments attempt to improve our retirement system, one has to ask whether Canada currently has an ideal system and what can be done to strengthen it. Determining the best way forward can be challenging, since retirement security spans government politics, employer practices, individual investor education and cultural differences.