Categories for investing

The Three D’s: Building A Strong Financial House

December 12, 2019 8:48 am Published by

Ask any child about the lesson they learned from the ubiquitous fable “The Three Little Pigs” and they’ll invariably tell you, “build a strong house!” While that may seem obvious to most of us on a literal level, we often neglect to heed this advice on a metaphorical one. Indeed, while we no longer fear the Big Bad Wolf and his machinations, the lupine specter emerges in the form of the contingencies of life that affect our financial well-being. The Strong Foundation of Insurance Building a financial plan is tantamount to building a financial house, and a strong foundation is...

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Beyond IPP: Alternative Retirement Saving Strategies in Changing Times

April 26, 2018 4:10 pm Published by

Corporate Life Insurance, a wonderful asset that can be used to accumulate your retirement savings in a tax-exempt vehicle, which thereby keeps it away from tax changes that have cost owners quite a bit over the last 12 months.       IPP or Corporate Whole Life Permanent Policy? “I’m planning to retire, and in this new tax regime I don’t know whether I should pay a higher salary, keep contributing to my RSP and set up an IPP in a company, or consider another alternative?”   Saving for Retirement In light of the new tax changes that prohibit how...

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Do You Have a Succession Plan in Place?

January 7, 2018 4:22 pm Published by

“Exploring opportunities you may have to save tax or grow your wealth through early estate or succession planning may be the best New Year’s resolution you’ll ever make.” I’m often approached by shareholders asking me about succession strategies. It’s a great question.  When I ask them what they have in place legally to transition their assets or corporate shares, they usually know there’s something in place, but don’t have a clear understanding of what it entails. It’s important to make sure you know what you have, what it’s for, and how it’s going to be funded.  Because if you do...

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The 4 Key Benefits of Diversifying Your Funds

October 4, 2016 10:23 am Published by

One of the oldest and most trusted pieces of advice in the world of investing is to refrain from putting all your eggs in one basket. One of the true certainties of the global economy is that it’s unpredictable to a degree. Sure, there are trends and indicators trained account managers follow in order to stay ahead of the curve, but there’s always at least a small amount of risk if you want to see a big pay-off down the road. What is a Diversified Fund? A diversified fund contains a range of funds. Let’s say you and your fund...

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RRSP vs TFSA

October 20, 2014 10:41 am Published by

I wish to venture into the Registered Retirement Savings Plan (RRSP) versus Tax Free Savings Account (TFSA) debate.  If you have only so much money, and you can’t contribute the maximum to both types of savings plans, which one should you pick? I usually start by addressing the general purpose of both types of accounts.  For RRSPs, the purpose is typically straight forward:  I’m saving now for the benefit of having a retirement asset and income later.  So an RRSP is truly a retirement savings plan. For TFSAs, there tends to be multiple purposes:  it can be savings for retirement, to fund...

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