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5 Retirement Pitfalls and How to Avoid Them

Over the years I’ve transitioned many clients through retirement and while each story is unique, there are some commonalities in their experiences. One story that sticks with me is the reaction that my client Margaret (name has been changed)...

Walter Global seeks to raise $400 million for wealth management fund

"My goal is to build something for the long term," says Walter Global CEO Sylvain Brosseau. An emerging Montreal-based investor is ready to stake hundreds of millions of dollars on future growth in the wealth management business. Walter Global Asset Management...

A Guide to Guaranteed Investment Certificates (GICs)

As the saying goes, it’s better to be safe than sorry. And for investors seeking safety, guaranteed investment certificates (GICs) can be a useful part of your overall financial plan, as they preserve your principal while returning a predictable...

Which tax deductions you can claim on net rental income?

Q. I understand that net rental income creates RRSP contribution room—so, even as a retiree, I should be able to accumulate additional RRSP room. Does foreign net rental income add to RRSP room? When I do my Canadian taxes using...

What to do if you haven’t filed an income tax return

Millions of Canadians file their tax returns late—and if you’re one of them, you may figure that with so many others in the same boat, surely the transgression can’t be too terrible.… Right? Well, no. Assuming you have a refund...

Retirement planning at every life stage

Before we get into details, we should draw a distinction between what are typically the core activities of retirement planning and preparing financially for retirement in the broader sense. Retirement planning typically focuses on setting retirement objectives and then...

How to tell if you’re on track with retirement savings goals

Q. My wife and I are 45 years old, and we would like to stop working at age 55. Can you help us assess if that is attainable? We owe $525,000 on our mortgage and our home is valued at...

The mistake costing British pensioners thousands of pounds a year

Two-thirds of pensioner homeowners are missing out on thousands of pounds of extra income by failing to claim their full entitlement of state benefits, new research suggests. ...

Should I take CPP at age 60?

The calendar has flipped, and we have a new year ahead. Bring on 2020. The kids are back at school; homework, lessons and sports practice have begun to fill the family calendar again. Summer holidays and backyard BBQs are on...

Record low equity release rates are just one option for older borrowers

Equity release rates have fallen to a record low, making it cheaper for older people to borrow against their home. Data from market research firm Defaqto shows the average rate on...
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The Best Investments in Canada

You want to protect your money’s future purchasing power, and the best way to do this is to invest....
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Canada’s economy was slowing even before COVID-19 hit, January GDP numbers show

Canada's economy expanded by 0.1 per cent in January as manufacturing and the financial sector grew while transportation, mining, oil and gas and the...

Where to find and apply for COVID-19 financial relief

Alberta and Saskatchewan offer payments for anyone who is unable to receive federal aid. Quebec has a province-run temporary aid program for those who are...

Did coronavirus cancel your travel plans? Here’s how to get your money back 

Whether it’s a trip you booked months ago, or a last-minute deal you snagged when news coverage of the coronavirus was still just a...

Oil price falls below $20 US a barrel, its lowest since 2002

The benchmark price for a barrel of North American oil dipped below $20 US on Monday morning, the first time that's happened in 18...