Is a Spousal Loan Right for You?
It often makes good sense for couples to own their major assets, such as the family house, investment accounts and investment properties in joint name. If one spouse passes away, the asset automatically...
The True Cost of Debt
Canadians love debt. According to Statistics Canada, household debt is currently around 177.5 per cent of disposable income. This means that the average Canadian owes about $1.78 for every $1 ...
The Basics of a Legal Will
Do you have a legal will? If the answer is no, you’re not alone. According to a 2018 CTV poll, 51 per cent of Canadian adults do not have a Last Will and Testament. Further, Legalwills.ca conducted...
Tax-Saving Tips for RRSPs and RRIFs
As people approach or enter retirement, they begin wondering what they should do with their Registered Retirement Savings Plan (RRSP). Should they start withdrawing funds now, or wait until ...
Weaknesses of Index Funds and ETFs
Much has been said about the inability of active managers to beat the stock markets. While this is sometimes true, it’s not always the case. In fact, passive management can easily expose people...
Year-End Tax Strategies
As the year winds to a close there are tax-related financial strategies people should consider, ensuring their affairs are in order for 2019 and beyond. Here are a few of them. Tax Loss Selling...