Have you noticed all the headlines recently about taxes going up? Property taxes going up between 3-8% depending on where you live. On April 1st the carbon tax is increasing, making gasoline and home heating more expensive. The alcohol tax is going up, and there is a new tax on luxury cars and boats. In […]
I want you to feel empowered
I’ve recently had an interesting experience. Two clients have introduced me to their daughters. Both in their 20’s. The daughter’s were quite interested, yet reluctant to sit down with a financial planner. Why? One admitted she had a bad experience with a bank employee (pushing her to invest beyond her comfort limit) and was timid. […]
Don’t Believe Everything You Read On No-Commission Investment Trading
When is it best NOT to believe what you read about No-Commission Investment Trading? When it sounds too good to be true. In the Press There has been a lot of press recently about “Robinhood”, “Wealthsimple” and other no-commission trading platforms. Robinhood’s marketing message revolves around the lack of fees charged to buy and sell stocks […]
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Top 5 Reasons People Don’t Speak to Money Professionals
Top 5 Reasons People Don’t Speak to Money Professionals Why are we so tentative when it comes to meeting with a money professional? After meeting with potential clients, I often hear, “Well that was not what I expected!” or “That was painless…actually quite enjoyable!” If we were to take a look at the top 5 […]
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Tax Free Paycheque? What?
Are you an entrepreneur? Are you incorporated? Do you have an idea of where your pay cheque will come from in retirement? What if I told you, you could have a tax-free retirement pay cheque? Would you like to learn more? I can show you how to use a strategy that will do just that. […]
Do you really need a drug plan in Ontario?
I spend a lot of time educating entrepreneurs about drug and dental benefit programs and the #1 question I get asked is: “What happens if someone gets sick and they don’t have insurance?” What few entrepreneurs know is that every province in Canada provides drug coverage for those who don’t have an insured drug plan. […]
Can you trust your money guy?
There is no question we live in an age of information sharing. I mean, anytime you go onto a social media platform or even google a topic, you can find multiple people sharing intimate information about cures for embarrassing illnesses, upsetting stories about weekend happenings and/or humiliating scenes that happened during their errands. But there […]
What’s the point in having a savings account?
A client recently asked me, “What is the point of having a savings account if the government is just going to tax it away?”A fair point, but let’s look at this from a few angles.Yes, we all know the government taxes your earnings from your job. So, it doesn’t seem fair that they can tax […]
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Personal Information Inventory
A Personal Information Inventory is a great way to remind your loved ones about your financial wishes and how you have set up your plan to help them in the event of your death. Remember, this inventory contains sensitive information and should be stored in a safe and secure spot, never online and you should […]
Major Life Event
I recently came across an article on yahoo news, about a woman who had lost her husband and the ensuing struggles she had to endure. Not only did she have to grieve her husband’s untimely death, but she had to deal with a beneficiary issue with her husband’s RRSP. You see, Mr. Taylor was not […]