On February 13, 2023, Statistics Canada released a report that found one in four Canadians was unable to cover an unexpected expense of $500. The report went on to compare age groups, racialized groups, and regions. If you are 35 to 44 years old, Black...
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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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Mother’s Day 2022 inspired me to write this blog post on some of the financial aspects of being a mother. Women who take time out of their careers to become mothers often find that they are held back, or pressure is placed on them to cut...
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When I was a teenager, some of my acquaintances dropped out of high school. In B.C., where I grew up, the rule was that you had to be at least 16 years old to make that choice. I suspect that far fewer make that choice...
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AN INTRODUCTION TO TAX PLANNING – PART 3 In a world where governments are scrambling to address the impact of the novel coronavirus on our society, the topic of this post may seem rather mundane or even unnecessary. However, there is applicability. Let’s assume a married...
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An introduction to registered plans – Part 5 What is the purpose of an RDSP? “A Registered Disability Savings Plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for...
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The More You Know About Cash Flow the More Empowered You Become What is Cash Flow? “Anyone who lives within their means suffers from a lack of imagination.” – Oscar Wilde Oscar Wilde may very well be the best exemplar of what to avoid in terms of personal...
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