Three last-minute RRSP tips
February 9, 2011
By Sarah Kingdon (NC)—Time is running out to make your RRSP contribution and take advantage of a tax deduction for 2010. With the March 1, 2011 deadline fast approaching, here are three last-minute tips to consider: 1. Find an advisor Chasing returns or the next big thing can only lead to disappointment. Guidance from an experienced investment advisor ... Read More
Budgeting for interest rate hikes
February 9, 2011
By Keith Damsell (NC)— Borrowers need to beware in 2011. Interest rates, near historic lows for much of the past two years, are widely expected to increase through the latter half of 2011. The cost of carrying debt, including mortgages, lines of credit and credit cards, will be affected. “Low interest rates have enticed many Canadians to spend ... Read More
Five tips to finding an investment advisor
February 9, 2011
By Sarah Kingdon (NC)—When it comes to money, the best advice is to rely on the experts. A good investment advisor can make sense of the volatile stock markets and help you meet your long term goals. But how do you find the right advisor for you? “Finding an investment advisor that meets your needs requires a little ... Read More
The five worst money mistakes
February 9, 2011
By Keith Damsell (NC)—The financial decisions you make today will determine your future wealth, income and happiness. It's important to take your time and avoid these five common blunders: #1 Investing without advice Seek the guidance of a good investment advisor. A qualified professional will work with you to develop a plan that will enable you to reach ... Read More
Investing 101 for women
February 9, 2011
By Sarah Kingdon (NC)—Women's financial needs change throughout their lives. Whether they are planning a wedding, buying a home, having a child, funding education or retiring, their investment strategies need to evolve as they do. “With a busy lifestyle, women often get stretched for time and miss focusing on their future financial success,” says Jennifer Ball, SVP, Franklin ... Read More
Disaster-proof your family finances
February 9, 2011
By Kaleigh Sainthill (NC)—The recession may be over but many Canadian families are still struggling to regain financial stability. The average Canadian household debt reached an all-time high of $96,100 in 2009, according to The Vanier Institute of the Family. “The economic slowdown in 2008 and 2009 was a wake-up call for many families who realized they ... Read More
Say “I do” to financial compatibility
February 9, 2011
By Debra Chan Are you and your partner financially compatible? Debt, bills, spending and saving are frequent sources of anxiety in a relationship. Understanding your “financial fit” with your partner is a measure of compatibility and may secure long-term happiness. “Money is one of the biggest areas of conflict between spouses, and talking about it today is an ... Read More
Best to budget crunch before baby
February 9, 2011
By Kaleigh Sainthill Can you afford children? (NC)—The estimated cost of raising a child from birth to 18 years of age varies widely, from $150,000 to as much as $300,000. It makes sense to review your finances when planning for parenthood. “While children bring great joy, they affect both your lifestyle and your pocketbook,” said Dennis Tew, chief ... Read More
Have financial plan, will travel
February 9, 2011
(NC)—Want to make travel more a part of your life? Make sure your travels include a visit to a professional financial planner's office to map out the best financial route for you. A recent Financial Planning Standards Council (www.fpsc.ca) study explored the connection between Canadians' financial planning activities and their confidence in meeting a variety of ... Read More
Planning and partnerships key to affording post-secondary education
February 9, 2011
(NC)—Every year, parents' nests across Canada empty as a new group of freshman students head off to post-secondary institutions. Before your child flies the coop, you may want to start taking steps to answer this question: How will I pay for my child's post-secondary education? The key: a financial plan. “Many parents struggle with rising education costs ... Read More
