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Category Archive for: ‘Financial Planning’

Understanding Death, Life Insurance, and Underwriting


“In this world nothing is certain but death and taxes,” A famous quote by Benjamin Franklin in 1789.  As I …

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Our Biggest Financial Asset – Ourselves!

Raining Money1

Our ability to earn an income is usually our biggest asset, more valuable than our home or other investments.  This …

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RRSPs Aren’t For Everyone

RRSPs aren't for everyone

As a follow-up to our previous post about Preet Banjeree asking whether seniors were better off investing in RRSPs or …

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Seniors May Be Better Off Investing in TFSAs Than RRSPs


  Preet Banerjee, Host of Million Dollar Neighbourhood and Globe & Mail columnist, briefly explains in black and white why …

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12 TFSA Considerations for Canadians


In the spirit of making last-minute financial plans, here is a bullet list of 12 TFSA considerations for Canadians. While …

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RRSP Tip #3: Preparing For A Comfortable Retirement

Ideally, maximizing your savings pool is a lifelong task, despite the fact that many Canadians are financially short-sighted. Statistics Canada …

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RRSP Tip #2: Spousal RRSPs

Spousal RRSPs are a good opportunity to take advantage of Canada’s graduated income tax system for equalizing retirement income between …

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RRSP Tip #1: RRSP Contributions

rrsp contributions

This post isn’t as much a “tip” as a brief primer on earned income. RRSP contributions are based in part …

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Five truths about RRSPs

RRSPs aren't for everyone

This post is a condensed version of the article published in the February/March 2013 issue of MoneySense ( Fewer  Canadians …

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We’re Our Own Worst Enemies of Wealth Creation

Buy Low Sell High1

The market crash of 2008 had a lasting impact on investors, resulting in a mass movement out of equities, and …

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When Business Partners Need a Shareholders Agreement, Part 2

Buy Sell Agreement1

As I discussed last week (Shareholders Agreement, Part 1), having a properly structured shareholders agreement provides a company with a …

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Tax-Free Savings Accounts Explained

Coin Jar

Tax Free Savings Accounts (TFSAs) became available January 1st 2009 and to date, about 50% of Canadians have set one …

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Guaranteed Retirement Income For Life

Man On Bench1

For many Canadians, relying on a defined benefit pension plan for guaranteed income is a thing of the past. Certainly, …

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Canada’s Retirement Landscape

Sunny Day1

In Canada’s retirement landscape, few Canadians have the luxury of employer pensions plans that guarantee income for life, wondering where …

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Should I Contribute to a TFSA, RRSP, or Both?


Since the introduction of TFSAs, I am often asked if it still makes sense to contribute to an RRSP.  My …

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Life Insurance Is More Than Just A Death Benefit


Meetings with farm clients remind me why there’s a pressing need for the farmer and business owners to understand how …

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When Business Partners Need a Shareholders Agreement, Part 1


Planning is essential to the success of any business.  Many owners have well-written plans for operating their businesses, but very …

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Nine Benefits of Segregated Fund Policies

Financial Plan In Sky1

Among the many benefits of segregated funds, is the value of estate planning advantages. Following is a condensed outline of …

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A Car-Buying Strategy worth $360,000


The original post can be found here The first and forgotten half of personal finance is how to be a …

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Attracting and Retaining Employees Through Savings Plans

Open Sign

A recent survey of Canadian workers by pension consulting firm Towers Watson found that economic uncertainty is fueling fears among …

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