It may be an obvious thing to say, but common-law partnerships are increasingly “common” in Canadian society. While common-law couples may not have solemnized their relationship through marriage, that does not mean that they do not need to consider each other when developing a financial...
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Are you looking for New Years Resolutions? If your ideas involve financial concerns, you have come to the right place. Below are nine different options to consider for 2023. All will require a bit of work to accomplish, but equally, all will leave you in...
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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...
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American financial planning guru, Michael Kitces, observes that many retirees, after accumulating a substantial portfolio of assets to cover their retirement spending, wind up continuing to grow their assets throughout most of their retirement. There is an element of prudence in this practice because the...
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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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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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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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Debt is not a fun topic. Well, maybe it is if you like engaging in stories like those of the Four Yorkshiremen, later popularized by Monty Python, who sought to outdo each other with their personal histories of poverty. https://www.youtube.com/watch?v=VAdlkunflRs Poverty and debt are not, of course,...
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You are looking for someone who can provide you with professional financial advice. Where do you begin? Perhaps you search the internet for investment advice. A list immediately comes up with several advisors from one of the major bank-owned investment firms. A common designation among...
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I will admit to a bit of a love-hate relationship with life insurance. On the one hand, insurance is almost always appropriate to buy at some time in your life. On the other hand, as someone with a chronic health condition, kidney disease, I couldn’t...
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