Articles
How a couple with a net worth of $10 million and annual income of $215,000 can pay $0 in income tax
We are all hearing the calls to tax the rich. The assumption being, if you are rich, you will pay a lot of tax, but is that always true? Are you rich? Here’s how to tell — and why you should care Here is an example of a couple with a net-worth of $10 million…
Read MoreHelping to Care for Aging Parents
by Raynia Sauvageau MSW, RSW When it comes to helping aging parents, many feel they are ill-prepared for this part of life. As children, we looked up to our parents to care for us, protect us, and eventually help launch us. Many of us go on to marry, have our own families and set up…
Read MoreHow will your Retirement be affected by a Divorce?
There is a rising trend in Divorce after 50. Ending a marriage is one of the largest life events that can happen in a person’s life. You may have tried to make things work, but now it’s clear, the marriage is over. What do you do next? How do you ensure you will be OK…
Read MoreShould I take CPP before age 65?
Two thirds of Canadians take their CPP benefits before age 65, but determining what’s best for you demands that you better understand your options. First let’s consider the rules around taking CPP – which changed January 1, 2012. The chart below from www.moneysense.ca provides a nice summary. You can start collecting CPP (Canada Pension Plan)…
Read MoreWhy you probably shouldn’t ever want to own a cottage
As you are reading this on what is hopefully a beautifully sunny and warm day, sitting on your dock on the water, what could be better than being at your cottage. There is no question of how nice it can be, but do you really have to own it to enjoy it? Occasionally clients ask…
Read MoreHow the Bank of Canada’s rate cut may have added $100,000 to your pension in one day
When the Bank of Canada lowered the overnight interest rate by 0.25% this week, the obvious benefit is for those with variable rate mortgages. They will see an immediate benefit in lower interest payments on their mortgage. Another group who just received a big win may not even realize it: If you have a pension…
Read More