Life Insurance as a Savings Vehicle?

A cartoon picture of the Toronto shoreline, all in reds. There are also several red fireworks in the skyline. The title reads, "Life Insurance is Older than Canada!"

Continuing on with our discussion about insurance, let’s go back and look at a little history. In Canada, life insurance predates Canada becoming a country. The first life insurance policy was issued in 1847! In addition to the death benefit, the policies were also considered safe savings vehicles. In the roaring twenties and the depression … Read more

Building Your Wealth: What Makes Sense for You?

A pink piggy bank and, with the word "save" on it and a bag filled with money, with the word "invest" on it, sit on a table surrounded by piles of gold coins. The title reads, "Building Your Wealth: What Makes Sense for You?

Just to recap, over the last few weeks I have discussed controlling your finances—from tips to control your spending, keeping control of our currency, to controlling your borrowing. What about controlling how we build our wealth? Building our wealth is good but I don’t want you to take my word for it, take it from … Read more

Who decides what you owe?

A bag of money, a car and a home all sat atop a balance scale, with the title, "Who decides what you owe?"

The last couple of weeks I have been speaking about controlling your money. From using cash for day-to-day expenses, to avoiding digital currencies. Many Canadians don’t realize that they can take control of their borrowing as well. For example, when it comes to most people’s largest borrowing, our mortgage, we defer all the decisions to … Read more

Does Canada need digital currency?

The picture is two cell phones laying on a table with coins arcing between them, with the title, "Does Canada need digital currency?"

Last week I wrote about the benefits of using cash for our day-to-day purchases. As mentioned, studies have shown that we tend to spend 17% less by using cash than by using credit or debit cards. Unfortunately, the Bank of Canada is currently exploring the creation of a Digital Canadian Dollar. At this time the … Read more

Who do you listen to?

A white do with a black nose with his ears perked up as if listening. The title reads, "Who do you listen to for financial advice?"

After last week’s post about being careful who you get financial advice from, here are four things to look for when deciding who to get financial advice from: 1.      Competence and Professionalism. The quickest and easiest way to identify their competence and professionalism is their industry designations. This tells you if they have taken the time and spent … Read more

Tax Refund Ahead

Yellow caution sign with the sords, "Tax Refund Ahead."

We are coming to the end of tax season. Are you excited about getting a tax refund? Most Canadians are because they feel good that they are getting something for nothing, and the refund cheques are often used to buy treats or luxuries. Consider that getting a tax refund is just you giving an interest … Read more

The “Untaxable Wealth” System – Uncover the Facts

Pile of post-it notes with the top note reading, "Uncover the Facts."

Over the last couple weeks, I have been speaking about the Untaxable Wealth system. You may be asking yourself how this is different from other programs? • Provides more tax-free income • Employer sponsored Tax-Free Strategies—Provides tax deductible solutions that are tax neutral for business owners and individuals • Provides solutions that can generate significant … Read more