Introduction to Investment Planning – Part 1 People often use the terms savings and investments as though they mean the same thing. This makes sense because generally speaking you cannot invest unless you have money to invest. You cannot have money to invest unless you have...
Read MoreAn 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...
Read MoreAn Introduction to Registered Plans – Part 4 What is an RESP? A Registered Education Savings Plan (RESP) is designed to support saving for postsecondary education. The account owners, known as subscribers, are usually parents or grandparents of the beneficiary children. What are the different types of RESPs? Individual...
Read MoreAn Introduction to Registered Plans – Part 3 The Tax-Free Savings Account (TFSA) was introduced into law as part of the 2008 federal budget and became a part of the registered plan landscape in 2009. The timing was auspicious as the world economy had fallen into...
Read MoreAn Introduction to Registered Plans – Part 2 You’ve saved up all that money in your RRSP. Now what? The Registered Retirement Savings Plans, intended to encourage saving for retirement, was introduced by the Government of Canada in 1957. If you have saved inside an RRSP, eventually you...
Read MoreAn Introduction to Registered Plans – Part 1 What is a Registered Retirement Savings Plan? An RRSP is an individual account that has been registered with the Canada Revenue Agency (CRA). Because it is registered, allowable contributions are tax-deductible if they are contributed in the year or...
Read MoreThe 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...
Read MoreAnd Why does it Matter? “I demand the sum of… one million dollars.” A million dollars may not mean as much as it did when Dr. Evil* came of age in the 1960s. Even so, it is a significant threshold that continues to be a target for...
Read MoreA Match Made in Financial Heaven The Needs of DIY Investors I have spent most of my financial services career serving Do-It-Yourself investors, people who choose to make their own investment decisions rather than go through an investment advisor. Over the years, I have seen many accounts...
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What should I invest in? Quick Answer: It Depends If you go to a bank branch to get advice on what to invest in, your advisor will probably ask you some questions to determine your risk profile, and then her computer will produce a portfolio of mutual...
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