“When it’s time to withdraw funds from a Registered Education Savings Plan (RESP), tax planning may be involved. It’s all because an RESP is composed of two pools of money, one taxable and one non-taxable – and you choose the pool for each withdrawal…”
Read More“When the markets are choppy, it’s easy to get distracted by each new wave of information. But rather than getting caught up in the storm we should be looking to the horizon for what’s coming next...”
Read More“Set it and forget it. That’s an easy trap to fall into after opening a Registered Education Savings Plan (RESP). Simply choose your investments, make regular contributions – being sure to trigger the maximum annual Canada Education Savings Grant (CESG) – and watch your investments grow…”
Read More"This single mom made a few simple budget cuts and saved almost $5,500 in eight months. It wasn't easy, but the sacrifices were worth the payoff...”
Read MoreThe following is an analogy shared with us by one of the members of the EdgePoint investment team concerning volatile markets. We believe it serves as a great reminder to the many of us that are feeling tossed around by the market during this time, that the best course of action is to stay the course…
Read More"As a financial planner, Warren MacKenzie applauds the efforts of his clients to save money for retirement. But he sees many struggling to spend the funds they so carefully put away once they’re retired…”
Read MoreA person claiming to be a lawyer phones a targeted senior with an urgent request. Their grandchild crossed the border and got into legal trouble. They need $5,000 to avoid jail and said please don’t tell mom or dad. The grandparent scam is an old one that’s now making a resurgence across Canada…
Read MoreAccording to Statistics Canada, more than one in four Canadians in a couple is in a second or subsequent marriage or common-law relationship. For most people getting together as a new couple, financial life will change. Here’s a look at several financial and wealth planning matters that may be different the second time around…
Read MoreSo far, 2022 has presented a difficult market to invest in, with significant declines in both bonds and equities. The biggest concerns have been central banks beginning to raise interest rates and risk of recession, although there are no signs that we have entered a recessionary period yet…
Read MoreHow do you make important life decisions? Make and evaluate a list of pros and cons? Discuss the matter with your spouse or a close friend? Trust your intuition? Everyone has their own style, and you might use different methods depending on the issue…
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