News & Updates

Do you know which mix of savings vehicles is right for you? There are registered retirement savings plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and registered education savings plans (RESPs).  Determining which savings plan or combination of savings plans is best depends on your personal situation and your objectives. Each savings vehicle can hold different types…

When you invest, it is helpful to have an understanding of what types of investments your advisor may allocate your money to and the associated risks and benefits that accompany each. Some investment vehicles that are used in building client portfolios can be categorized as the following: Cash (Or Equivalents) Money in cash form is…

Cottages often hold a lot of sentimental value to families. Many cottage owners would like to see their children and grandchildren get the same joy from the property that they did, even after they are gone. Leaving a cottage to your family though has tax implications and if they aren’t planned properly, can be a…

As the holiday season nears many Canadians will be making the bulk of their charitable donations for the year and we’d like to help you make the most of the ones you may be considering. According to Statistics Canada, on an annual basis Canadians donate $10.6 billion to charitable and non-profit organizations for selfless reasons.…

The pay down debt versus invest is an age-old question that doesn’t have a 100% correct answer, and the better option can only be determined with hindsight. Paying Down Debt The benefit of paying down debt is that it provides a guaranteed rate of return equivalent to the cost of borrowing or the interest rate…

Did you know that almost every financial decision you make could have tax consequences that you may not be aware of? Life milestones, such as getting married, saving for university, changing jobs, or retiring, all have tax implications that could have a significant impact on your overall finances. It is important to consider tax planning…

As parents, the responsibility of providing your child with the necessities of life can be taxing on its own and adding in the extra-curricular activities like after school programs, arts, sports etc. can really eat into the household budget. It can be tempting for parents to consider borrowing to help with the cost of post-secondary…

By developing a Succession Plan for your business, it ensures you have the right strategy in place for when you retire, sell your business or passing it onto someone else (a family member, friend, an entrepreneur, or an employee). Having a Succession Plan in place can: By having a Will in place, allows you to…