Financial Library

Helping Elderly Parents Manage Their Money

Posted on: September 11, 2017

It is always a difficult transition when people move from being the ones taking care of their family to the position where their family takes care of them. This is especially true when it comes to finances.

Because these changes usually happen very gradually, many adult children do not immediately recognize the need their parents may have for additional help with managing their finances. In many cases, aging parents simply don’t feel comfortable asking children or other family members for help.

Tags: 
retirement planning
money management

Making the Most of Your TFSA

Posted on: September 11, 2017

Being such a new program, many Canadians do not fully understand the long-term power of the TFSA tax savings opportunities. It is much more than just an opportunity for saving — it can be a powerful and incredibly effective tool for an overall investment strategy. Here are some ways that you can use the TFSA for your long-term benefit and financial empowerment.

Tags: 
tfsa
savings

Interest Rates Rise

Posted on: August 7, 2017

By now, I'm sure almost everyone has heard the news that the Bank of Canada has finally raised Interest Rates. We've talked about higher rates for years and with Canada's economy in relatively good shape, the BOC decided to raise rates by 0.25%. While this doesn't sound like a lot, it is likely the first of a number of increases to take place over the next couple of years. Many of us in resource based economies like Alberta and Saskatchewan may not be feeling like there's a lot of improvement to justify this increase.

Tags: 
interest rates

Build Your Wealth Together

Posted on: August 7, 2017

The wedding and honeymoon are over and you're settling in to your new life. You've accomplished many goals together over the past year with compromises being made over wedding plans, honeymoon destination, and a million and one other details. As you settle in for a long and fruitful life together, it's an ideal time to discuss your financial goals and map out an effective tax strategy that supports it.

Create an Investment Strategy for Your Tax Savings

Tags: 
tax planning

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