Are You Financially Literate?

Each year the month of November is designated as Financial Literacy Month. I like to think that each blog post that I write adds to the financial literacy of my readers, but there is something to be said for a special focus on bringing up...

Read More

Retirement is Coming and We Don’t Have Any Savings

Many Canadians have a reasonable degree of net worth. Millionaire households are not that unusual if you consider the value of housing, especially if you have been a homeowner for 20 years or more, which would be the case for many who are approaching retirement....

Read More

What Does it Take to Become Wealthy?

The word “wealth” may throw off the average Canadian. Sure, many Canadians want to become rich, by which they mean, they want to have a lot of money. However, I think that most Canadians have more modest expectations. Something like, “I want to afford a...

Read More

Provincial and Territorial Benefits for People with Disabilities

Disability supports at the federal level include the disability benefit available from the Canada Pension Plan, the Disability Tax Credit, and the opportunity to apply for the Registered Disability Savings Plan (RDSP). At the provincial and territorial level, supports for people with disabilities vary. All...

Read More

Being Indifferent … to Dividends

Dividends and Dates When I worked at a discount brokerage, I routinely fielded questions about dividends, in particular, the record date and the ex-dividend date (often abbreviated as “ex-date”). Investors would often get confused by these two dates and the impact they would have on their...

Read More