How dollar-cost averaging can mitigate bear market risk
One good way to handle portfolios in this increasingly bearish market is to turn to dollar-cost averaging, according to one portfolio manager. “I’m advising clients that dollar-cost averaging over the upcoming time period is one strategy to mitigate risk,” Graham...
Do you have enough for retirement?
Many of us dream of the day that we can retire and have the time to ourselves that we have dreamed of for so many years. But, to have a genuinely contented and relaxing retirement, you need to ensure that you have the means to afford it. So, now’s the best time to consider the three critical stages of retirement planning.
1) Accumulation
2) Pre-retirement
3) Retirement
FCAC finds big banks make ‘inappropriate’ product recommendations
The Financial Consumer Agency of Canada (FCAC) released Thursday the results of a mystery shop that was carried out in late 2019. That exercise – which followed a 2018 review – aimed to examine consumers’ experience with front-line employees at the big six banks....
Comfortable retirement out of reach for many employees – report
While Canadians nearing retirement age have seen a doubling in the median value of both their assets and net worth since 1999, the prospect of a comfortable retirement remains out of reach for many employees, according to a new report by the C.D. Howe Institute. It...
2022 Ontario Budget Highlights
On April 28, 2022, the Ontario Minister of Finance delivered the province’s 2022 budget. It’s focused on five different pillars:
• Rebuilding the economy.
• Better jobs and bigger paycheques.
• Building highways and critical infrastructure.
• Keeping costs down.
• Investing in health care.
Budget 2022 includes no changes to personal or corporate tax rates.
Federal budget 2022: What you need to know
The 2022 federal budget contained few surprises, with the Liberal government following through on measures from last fall’s election related to housing affordability and a surtax on bank profits. But there was also a tax break for small businesses that may prove...
2022 Federal Budget Highlights
On April 7, 2022, the Federal Government released their 2022 budget. Our article contains highlights of the various financial measures in this budget, divided into these sections:
• Housing
• Alternative minimum tax
• Dental care
• Small businesses
• Tradespeople
• Canada Growth Fund
• Climate
• Bank and insurer taxes
2021 Income Tax Year Tips
It’ll be time to file your 2021 taxes soon, and you must take advantage of every tax credit and deduction that you can. Our article includes information on a variety of subjects you need to know about, including what to do if you’ve had to repay COVID-19 benefits, how to plan ahead if you’re self-employed or retiring soon, and what you need to know if you have a home office or employer-provided benefits.
Importance of a Buy-Sell Agreement
Working as a partnership between 2 or more individuals is never an easy task, and the situation only gets more complicated when one or more of them exits the business. Protecting not only the business, but your personal interests, as well as your family’s future are very important objectives for any business owner, and should not be overlooked.
The huge pitfall that could disrupt Canada’s trillion-dollar wealth transfer
End-of-life planning expert on the need to help clients prepare multiple branches of support in old age