An Introduction to Retirement Planning – Part 4 Planning for retirement is not just about money. I think you could reasonably argue that money is almost the last thing to be considered. It is the tool that makes your plans for retirement executable. Mind you, it...
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An Introduction to Financial Planning – Part 3 A question was put to me via Twitter in response to my last post on retirement planning. In a nutshell, how do couples do retirement planning when there is an age gap between spouses? I will interpret an...
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An Introduction to Retirement Planning – Part 2 “It is difficult to make predictions, especially about the future.” – Danish proverb Imagine you and your spouse are 35 years old. You hope to retire at 65. There is an almost 25 percent chance that one of you...
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An Introduction to Retirement Planning – Part 1 In the middle of this extraordinary COVID-19 pandemic, many of us may feel like we have been forcibly retired. Our governments have shut down large swaths of the economy in order to enable the physical distancing that, we...
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An Introduction to Tax Planning – Part 5 The numbers of people who are applying for Employment Insurance (EI) and the Canada Emergency Response Benefit (CERB) and other supports that the government has rolled out in recent weeks are just staggering. Perhaps, like me, the figures...
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An Introduction to Tax Planning – Part 4 You think of yourself and your spouse along with your two children as an average family. Like me you are a resident of London, Ontario. Between the two of you, you earn about $80,000 per year or about...
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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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What to do? It almost feels like there is nowhere to hide. Major stock indices in Canada (S&P/TSX), the US (S&P 500) and the developed world outside of North America (MSCI EAFE) are down 25 to 30 percent in the space of a month. Bonds, which...
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An Introduction to Tax Planning – Part 2 “Oh, man! What is this guy talking about? He’s calling people losers and then he is suggesting a way to take advantage of them!” Let me explain. First of all, I am not calling *people* losers. Second, this...
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An Introduction to Tax Planning – Part 1 Financial Planning and Taxation As much as we might like to deny it, taxation is an integral part of financial planning. Indeed, taxation can often be a Canadian household’s biggest single expense. Think about all the areas in life...
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