“When retirement is on the horizon or you’re already retired, you may start to think about downsizing. Often, it’s a difficult decision that involves considering a variety of financial, psychological and practical factors…”
Read More“In the financial world, we can use the word liquidity to refer to our ability to rapidly obtain our money when we need it. Liquidity can be cash that you can use immediately, a backup savings account or chequing account containing ready-to-access funds, and more…”
Read More“For an organization, a cash flow statement is a useful instrument that can be used to assess a company’s performance…”
Read More“If anyone asks you to co-sign a loan, it’s not a decision to take lightly. You would be obligated to make any payments your family member or friend misses. In fact, you would be legally responsible for the entire loan amount..."
Read More"Say that the holder of a Registered Retirement Savings Plan (RRSP) names their spouse as the beneficiary. Later, the couple divorces. The RRSP holder removes their ex-spouse from their will. However, with all the activity surrounding the divorce, they neglect to change the RRSP beneficiary designation from their ex-spouse to their child…”
Read More"What is the FHSA (Tax-Free First Home Savings Account) – and how is it different than a TFSA or an RRSP?
Read the full article, featuring Tony Sutey, CFP: Senior Financial Advisor at Spire Advisors of Assante Capital Management Ltd. in Huntsville, ON. Visit: https://www.ctvnews.ca/business/what-you-need-to-know-about-the-first-time-homebuyers-savings-account-1.6340153"
"As an individual, you can save tax by using credits, deductions, exemptions and registered investment accounts. As part of a couple or family, you have opportunities to save tax by transferring money to your spouse or a child who’s in a lower tax bracket. Here are some of the more common methods of splitting income..."
Read More"When markets have been below their peak for some time, it’s helpful—psychologically and financially—to keep in mind that down markets have always been followed by recoveries. Psychologically, you’ll feel reassured that better days are ahead. Financially, you'll be able to continue investing while prices are lower.”
Read More"Today’s housing market remains challenging, leaving many first-time home buyers hard-pressed to come up with a down payment. So, quite often, parents or grandparents want to help out. As of April 1, 2023, a new avenue has opened to help fund a down payment: the First-Home Savings Account (FHSA)..."
Read More"Investors’ appetites have increased as we entered 2023. What made investors so optimistic?"
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