Using Your Nest Egg Early May Cost You

A Statistics Canada study indicates that more Canadians are cashing in their RRSP savings long before they reach retirement. The money tucked away in your Retirement Savings Plan can be a tempting source of cash.  But think twice before withdrawing money from your...

Talking To Your Elderly Parents About Money

In most jurisdictions in Canada (Alberta and British Columbia are exceptions), adult children are legally liable for caring for their parents. Generally, adult children are liable to pay parental support if their parent supported them financially when they were...

Why Our Debt To Income Ratio Is Misleading

Much has been said about the current state of Canadian household debt.  The latest numbers from Statistics Canada revealed our debt-to-income ratio is now a record 164.6%. But what does this number really mean? In simple terms, you add up everything you owe – your...

A Monthly Financial Planning Checklist

Getting organized is a key step in applying discipline to your financial and investment planning.  Here is a checklist that shows suggested financial planning activities for the next year. January A good time to meet with your financial advisor to review and rebalance...

Pin It on Pinterest