Articles
A world with TFSAs vs without, Part II: Which helps a family with a modest income save an extra $1.5M?
Recently we did an analysis of a world before TFSAs vs. the world today that took some flak online. Using a 40-year-old couple with $80,000 of income each, and $100,000 of annual expenses, we concluded that they could save $1.1 million of taxes in their lifetime as compared to the world without TFSAs. There was…
Read MoreA world with TFSAs vs without: Guess which can help a middle-class couple save $1.1M?
Will the tax-free savings account’s expansion only help the rich? That seems to be the popular belief, but the middle class may in fact be the biggest beneficiaries of all. It might not be that noticeable for a few years, but crunch the numbers and there is strong evidence it will make retirement immensely better,…
Read MoreCollateral Mortgages – The Good and the Bad
Most people think of mortgages as pretty straight forward products. Our message is don’t be fooled, they are not. Finding the right solution is best done by partnering with an expert such as a mortgage broker. The last couple of days have delivered the lowest rates ever, which is great news for those of us…
Read MoreLess than half of Canadians will contribute to an RRSP this year
According to a recent poll done by a leading Canadian bank, more than half of us won’t be contributing to an RRSP this year. To better assist you in making effective savings decisions and as importantly how best to invest it, we invite you to connect directly for a no obligation discussion – simply click…
Read MoreRenting during retirement? 10 cases where it might be right for you
Home ownership is the deeply ingrained Great Canadian Dream. Adding to the dream is retiring as a homeowner without debt. Although that dream is alive and well, and something that most retirees hope for, there can be some very good reasons not to be a homeowner in retirement. While renting in retirement may not be…
Read MoreTurn a spouse’s loss into your gain
Before rebalancing a portfolio for a new client, I make it a habit to confirm the Adjusted Cost Base (ACB) of any holdings in non-registered investment accounts. In knowing the ACB, I’m able to know the capital gain (or loss) that would be triggered and the associated tax liability (if any) of selling the portfolio.…
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