Tax Loss Selling: Working with your Spouse
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In our previous article we went through the basics of tax loss selling; however by working with your spouse you may benefit from a few more strategies.
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Year End Tax Tips: Sell Your Losers Now!
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You are sitting at your computer reviewing your investment portfolio and can’t help but notice a few of those energy stocks that took a massive beating this year. You are at a large loss on a few of them and are planning on what to do for the coming year.
I am sure we have all heard the old adage “buy low, sell high”. However, for once, selling low may be to your advantage. Let me explain how this works…
Read MoreIncrease Your Business’ Productivity
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If I came into your office and told you I could increase your company’s bottom line by making it more efficient, you might think I was trying to sell you a brand new state of the art production line, or maybe some lightning fast computers that will reduce your load time.
However, what I am proposing may come as a shock to most as it is something intangible yet it has a drastic impact on your workforce.
The answer: workforce financial literacy.
Read MoreA New Era for Financial Planning: Fee-Only Advisors
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Did you know that in Canada anyone can call themselves a financial advisor?
Currently, the sales activities of advisors who sell products such as life insurance, mutual funds and other securities are regulated by each province. The title of "financial advisor," however, is not regulated. This means that anyone regardless of education, experience and level of financial knowledge can claim to be one.
If this is the case, then how do you as a consumer go about choosing the right financial advisor?
Read MoreRetirement Tax Strategies: Maximizing Your Use of the Pension Tax Credit
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Retirement has arrived.
It is now time to do all of the things you love, from picking up that book you never had time to read to taking a trip down south to soak up some sun.
It would be nice to have a retirement life where money was never an object, however to do many of the things we want and to simply uphold the same lifestyle we had during our working years, money remains a necessity.
Read MoreShort-Term Investment Options: Need the Money Soon?
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Everyone is looking for a way to make money in the short-term.
The other day a friend of mine was telling me about his meeting at the bank. He was looking at short-term investment options for a small amount of money while he looked for a house within the next year. His banker placed his money in a 6-month non-redeemable GIC at 1%.
If you think this is a good investment option, you may think otherwise after reading this article.
Read MoreMy First Self Directed Brokerage Account – What You Need to Know
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You have decided to take charge of your finances and open a self-directed brokerage account. The money is in your account; you open the trading platform and are ready to build your portfolio! Since the majority of portfolio managers rarely beat the market, you have decided to use a passive investment strategy and invest in Exchange Traded Funds (ETF).
Read MoreBack to School – Saving for your child’s future
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It’s that time of year again! After a long break filled with endless sunny days with no homework, no early morning yellow bus and no teachers, your child finally has to go back to school!
Although post-secondary education may be a long ways away, it is never too early to start saving. By starting early, you may relieve your children from the potential burden of carrying large student debt after graduation. To help you save for this goal the Canadian Government has made a special type of account available to Canadian families.
Read MoreAstrolabe Guiding the Way: Youth Futures & Financial Literacy
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Did you know that more than 7 in 10 Canadians are not fully confident their math and money management skills will help them plan for a secure financial future? Whether we like it or not, money management skills are essential in insuring we can uphold a certain standard of living. Surprisingly, there is a large gap in the educational system in regards to teaching even the basics of finance: budgeting, savings and debt.
Read MoreDiversification is Key - Why You Should Never Put Your Eggs in One Basket
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I am sure we have all heard the expression “you should never put all your eggs in one basket”. Imagine you have a straw basket. In it, you decided to throw all the eggs you were going to eat for the week. While carrying it, you stumble over and drop the basket. In that fleeting moment, all the eggs you had preciously accumulated were destroyed.
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