Be Wary of Identity Theft
In 2025, the Canadian Anti-Fraud Centre received more reports involving identity theft than any other type of fraud. When someone steals your personal and banking information, they can transfer money from your bank account, make credit card purchases or take out a loan in your name, among other crimes. How identity theft occurs A fraudster […]
Enjoy more income in retirement by minimizing the OAS clawback
The Old Age Security (OAS) program provides a guaranteed stream of income to Canadians in retirement – but those with taxable income above a threshold (in 2025, $93,454) start losing some of their OAS to the pension recovery tax (commonly referred to as the clawback). When taxable income reaches a second threshold (in 2025, $151,668 […]
Can you trust “finfluencers”?
It’s a rapidly growing social media phenomenon in Canada and worldwide. Financial influencers, or finfluencers, use TikTok, YouTube, Instagram and other platforms to reach millions of followers. Finfluencers’ posts and videos cover a variety of financial topics, from budgeting to investment strategies. According to the Canadian Investment Regulatory Organization (CIRO), about 28% of Canadians use […]
How do you react to market highs?
Interestingly, when stock markets reach new highs, different investors may react in opposite ways. Some investors are elated and want to make the most of a booming market. Others are fearful that what goes up must come down. Greed and fear are common triggers, but we’re always here to help ensure that emotional reactions to […]
A millennial challenge of juggling financial goals
Millennials may have multiple financial goals, which means saving enough and figuring out how much to dedicate to each need. Imagine an individual or couple who are making large mortgage payments, contributing to their young child’s Registered Education Savings Plan (RESP), paying off their car loan, building an emergency fund, contributing to their Registered Retirement […]
Helping adult children save
Many young adults want to put money aside, but their cost of living prevents them from saving and investing. You may consider helping out your child or grandchild to give them a head start on meeting their financial goals. Today, a young Canadian may have contribution room in three different plans: a Tax-Free Savings Account […]
The surprising variety of RESP-eligible programs
When you imagine the post-secondary education you’ll fund with a Registered Education Savings Plan (RESP), you may first think of a university or college. However, the government lists several hundred institutions beyond traditional universities and colleges that have programs eligible for RESP funding. A wide range of choices Here are just some of the career […]
Will your parents need your help?
The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance. Not all parents are comfortable sharing their financial life with their children, but your efforts in getting them to […]
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 […]
When you retire, financial literacy expands
Wealth planning doesn’t retire when you do—it just changes. Now financial life is largely about making the most of the wealth you’ve accumulated. You’ll be learning about new rules, products and strategies that involve a broad range of financial considerations. Fortunately, your expanding financial literacy doesn’t have to happen all at once. You can acquire […]