Tips and Directions

CMHC property valuation problems Video

Aging gracefully

Retirement Margaret and Peter are among the 45 per cent who worry about whether they have saved enough to cover the costs if one of them – or both – end up needing long-term care services. He’s 65 years old, she’s 63 and both are healthy right now, but they’re about to retire and have […]

All in the family

Talking to parents and children about money “The money talk.” It may be one of the most important conversations you ever have with your parents and your children, but many families aren’t sure how to approach the subject and what precisely they should be discussing. This article will help you start the discussion and make […]

After baby is born

Tips on Pathway to life Will you need daycare for your baby? This can be one of the toughest questions some new parents face as they weigh their career goals and family income requirements against their desire to stay home with their baby. You can look at the matter from a variety of angles, balancing […]

SAYING “I DO” to a new way to transfer wealth

THE WEALTH TRANSFER STRATEGY + YOUR MONEY = A HAPPY MARRIAGE Paul remembers his wedding vows as if he said them yesterday. In fact, it’s been 41 years since he said “I do” with Susan. What Paul remembers most is the “for richer or poorer” part. “We were poor. We were getting married because we […]

Dollar-cost averaging

Managing Cost Buy low, sell high, may be the best way we know to accumulate wealth. What’s the best way to buy low right now? Consider dollar cost averaging — where you purchase a fixed dollar amount on a regular schedule, regardless of the share price. Fewer shares are bought when the prices are high […]

Financial Planning 101 Video

Understanding your partner ’s money personality

Studying the expenses It is an interesting dynamic of couplehood: most people choose a partner whose “money personality” is exactly the opposite of their own – and, says Olivia Mellan, a money psychology specialist, if they don’t, they will actually create each other’s opposite over time. Mellan, president of Olivia Mellan & Associates Inc. in […]

Tax tips for employees

Group benefits 1. More and more employers are offering flexible employee benefits that allow you to design a custom package of health and other benefits. Before you make your choices, find out which benefits are taxable and which are not. 2. If you’re a commissioned sales employee working out of a home office, make sure […]

What to bring to your first meeting with your advisor

Essential Documents ✔ A notepad and pen for taking notes ✔ Statements of any current investments ✔ A recent pay stub ✔ Your cheque book (voided cheques are required to set up any pre-authorized cheque withdrawals) ✔ A mortgage statement, if you have one ✔ Insurance plan policies and account numbers of current investments ✔ […]