Breaking Your Mortgage Contract

Low Interest Rates Make This an Option Worth Considering When my wife and I bought our first house, the interest rate was 7.5%. That sounds awfully high today when you can sometimes see mortgage rates posted for less than 2%. On the other hand, we were...

Read More

Taxation of Investment Income

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...

Read More

The Wide World of Mutual Fund Categories

An Introduction to Investment Planning – Part 5.4 Diversification is one of the main benefits of mutual funds. With one purchase you can buy a piece of a wide variety of securities. Nevertheless, some mutual funds are quite narrowly focused and should probably be complemented by...

Read More

Should I prefer Preferred Shares?

Introduction to Investment Planning – Part 3 Stocks and bonds are the two most common categories for investments, at least for the average “retail” investor like you and me. You may have heard about preferred stock (or shares – the terms are interchangeable) but have wondered...

Read More

What is a Fixed Income Investment?

Introduction to Investment Planning – Part 2.1 Bonds are fixed income investments “Stocks and bonds”: These are the basic building blocks of an investment portfolio. I will write about stocks in an upcoming post, but after my discussion of cash or cash-like assets (e.g., savings accounts) in...

Read More