The Ins and Outs of Old Age Security (OAS)

The Canada Pension Plan (CPP) seems to get all the press these days. There are these debates about whether one should take it as early as age 60, wait until the “normal” retirement age of 65, or even delay the start until as late as...

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Pros and Cons of Permanent Life Insurance

If you have a spouse and/or children, in other words, someone who is dependent on you, life insurance of some sort is an important consideration. Your dependants “depend” on your monetary contribution to the household. A monetary contribution includes income from employment or self-employment, but...

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Organ Donation, Transplantation, and Personal Finance

One of the biggest impacts on my life occurred when I was 25 years old and newly married. A routine medical test detected a problem in the functioning of my kidneys. Further testing eventually determined that I had a chronic kidney disease known as Membranoproliferative...

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Downsizing in Retirement: Pros and Cons

Friends of mine were talking about downsizing after they retired. The idea of having a smaller space to maintain was appealing. However, they decided against it for the time being, arguing that having more bedrooms and a bigger backyard was beneficial now that grandchildren were...

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Disciplinary Actions in Financial Planning

One of the hallmarks of any credential-granting professional body is that it has a well-established disciplinary process. The credential-granting body to which I answer is FP Canada. A division of FP Canada, the FP Canada Standards Council™, establishes and enforces the standards that are required...

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Finances and Your New Baby

Bringing a new baby into your home is an exciting but anxiety-inducing time. There is so much change, especially if it is the first baby. There are also lots of financial implications. In retrospect, I’m not sure how we managed to accomplish it when we...

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Conspiracy Theories and Personal Finance

What are Conspiracy Theories? This term gets bandied about a lot recently, and these theories find their fans at both ends of the ideological spectrum. Source: Jan Willem van Prooijen, Andre Krouwel and Thomas Pollet, “Political Extremism Predicts Belief in Conspiracy Theories,” Social Psychological and Personal Science...

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