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January 18, 2024

Well-Advised: Winter 2024 Edition

We hope you enjoyed the holiday season and ushering in the new year. A new season is upon us, and we are not thinking about winter. We are talking about “RRSP season.” Occasionally, someone in the financial media questions whether Registered Retirement Savings Plans (RRSPs) are worthwhile—all because of how withdrawals are taxed. In the […]

What to expect in 2024

It is the time of the year when we reflect, celebrate and look forward. Following a tougher 2022, equity and fixed income both returned positively in 2023. Technology companies (the “magnificent seven” in particular), that are now a big part of our lifestyle, contributed significantly to equity market returns. Central banks, such as the Federal […]

Making the most of a First Home Savings Account

Months after the federal government launched the First Home Savings Account (FHSA), more than 20 financial institutions are offering FHSAs, and Canadians are opening accounts by the tens of thousands. If you have a child or grandchild eligible for an FHSA, here are some strategies and considerations to help with your and their decisions. When […]

Take advantage of family and caregiving benefits

When you raise a child or help support a dependent family member, you’re sure to face extra costs. Here are some common family and caregiving situations and associated benefits from the federal government that can help you meet your financial needs. Expecting a child, having a newborn or adopting a child. Maternity benefits can begin […]

Do you check your bank and credit card transactions?

Recently, a British Columbia resident discovered they had unknowingly been paying another person’s cell phone bill for five years. That’s the sort of false charge that could have been caught and stopped immediately by regularly monitoring transactions. How false charges occur False charges can arise in numerous ways. The bank or credit card company may […]

Is an RRSP still worthwhile?

There’s a myth that surfaces every once in a while. It suggests a Registered Retirement Savings Plan (RRSP) isn’t worthwhile because of the tax on eventual withdrawals. The myth is based on comparing RRSPs and non-registered accounts only by the taxation of withdrawals. All RRSP or Registered Retirement Income Fund (RRIF) withdrawals are taxed as […]

Wealth planning is different when you’re single

According to Statistics Canada, the number of Canadians living alone has reached a record high. In fact, the one-person household is the most common household type. Financial life is different for singles compared to families or couples without children. Here are some of the ways singles can plan for those differences. Creating a safety net […]

Monetizing the Tech Revolution

It has been 49 years since the launch of the first personal computer. Since then, humans have been asking the same question: When will computers and robots replace humans? Not 40 years ago, not 30, not 20, and also not a decade ago. However, it now feels we are a lot closer to being eclipsed […]

Pressure Continues to Build

Market Outlook Equity implied volatility is in the mid-teens, suggesting a possibility that investors have become complacent. This is happening despite a relentless increase in market interest rates, which is slowly building pressure on the system. After a year and a half of policy rate increases, and later, stern warnings from economists, central bankers, and […]