Investing

The investment component you control

You can’t determine how the markets perform, and you can’t control the return on your mutual fund investments – unless, of course, you only have investments with fixed interest rates. But you do have control over the amount you save and invest.

Financial Briefs

Is all money the same?

One hundred dollars is one hundred dollars, right? Well, if you found a $100 bill on the sidewalk, would you use it the same way as $100 you earned?

Financial Briefs

Withdrawing more than the RRIF minimum

Starting the year after you open a Registered Retirement Income Fund (RRIF), you must withdraw a minimum prescribed annual amount, taxable as income.

Financial Briefs

Why your child should file a tax return

If your child is a student with earned income in 2024 less than the basic personal amount of $15,705, they’re not legally required to file a tax return – but they can benefit when they do.

Retirement Planning

What to do when retirement is around the corner

When retirement approaches, several wealth planning to-do’s arise. To help make these into a plan, here are the important items in two groups – what you do on your own and what to do with our input.

Estate Planning

Choose your beneficiaries carefully

When naming a beneficiary for a registered plan, it’s common to simply designate a spouse or adult child, without giving the matter further thought. This might end up being the best choice, but not always.

Estate Planning

Mutual fund investing for beneficiaries

How a beneficiary invests inherited funds depends on the amount and the beneficiary’s unique needs. A beneficiary may simply add to existing mutual fund investments or take advantage of a new opportunity. Here are a couple of examples of mutual fund investing decisions.

Mutual Fund Investing

How lower rates may affect your investments

The Bank of Canada’s recent interest-rate cuts are the first rate reductions in about four years. We’ve become familiar with the impact of rising rates on our mutual fund investments, but what about the effect of falling rates?

Wealth Planning

Making financial decisions when you’re single

According to Statistics Canada, the most common type of household in Canada is the one-person household. If you’re single, some wealth-planning components take on more importance, and some are very different.

Financial Briefs

An early-year warning for TFSA contributions

In recent years, tens of thousands of Canadians paid penalties to the Canada Revenue Agency (CRA) due to Tax-Free Savings Account (TFSA) overcontributions. The penalty is 1% of the excess contribution for each month the amount is in the TFSA.