Investing

Are you making the most of your TFSA?

You may find that managing your Tax-Free Savings Account (TFSA) has become routine. That’s good news, to be comfortably saving for your financial goals. But you might be able to make even more of your TFSA.

Investing

Meeting multiple goals

If you ever have reason to meet two or more goals with a TFSA at the same time, you need a method to separate the investments for each objective. Here are three ways to meet multiple goals simultaneously.

Estate Planning

A trust can be for anyone

It’s a myth that trusts are only for the wealthy and famous. A trust can be useful whenever you have reason to control how your mutual fund assets are distributed to a beneficiary.

Retirement Planning

Where you retire matters

When it comes to establishing your savings goal and retirement date, a key component is the cost of your desired retirement lifestyle. Estimating that cost can depend on where you’ll spend retirement.

Financial Briefs

An overlooked tax credit for some retirees

One of your parents, your spouse – or you – may never have had a disability before, but in their senior years develops a serious physical or cognitive impairment. Depending on the condition’s severity, they may be eligible for the disability tax credit.

Financial Briefs

When your child gets a credit card

Your child can have their own credit card at age 18 or 19, depending on the province. They should understand that, while they access their own money with a debit card, they borrow the bank’s money with a credit card.

Financial Briefs

Safeguarding your RESP

When you look at the years available to grow your Registered Education Savings Plan (RESP), you must consider that your mutual fund asset mix becomes more conservative over time.

Mutual Fund Investing

Staying true to your investment personality

During a period of exceptional stock market returns, such as the market performance of 2024, different types of mutual fund investors might be tempted to stray from their investment plan. It’s only human nature to want more of the action – or even just to get in on the action.

Retirement Planning

Managing risk in retirement

Our retirement years come with several financial risks, but fortunately, you can take measures to help defend against each one. Many of these measures begin well before retirement. Here are some more common financial risks, along with strategies to reduce each one.

Wealth Planning

Are you a member of the sandwich generation?

What happens when many couples are having children in their 30s or even 40s, and their parents are living longer? You have the sandwich generation – Canadians financially supporting their children while caring for their parents.