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Financial Library

Yes, Trudy, there are death taxes in Canada

Posted on: May 11, 2020

Ottawa dropped Estate Taxes over forty years ago. All the provinces did away with Succession Duties by 1985. We thought that was the end of taxes arising at death. We were wrong.

Ask yourself these questions:

Tags: 
estate planning

The Difference Between Price and Profits

Posted on: April 13, 2020

The recent market turmoil triggered by the COVID-19 virus (and its possible impact on economic activity) brings to mind some observations by legendary investor Warren Buffett. During his years of investing, he has famously stated that in the short-run (days, weeks, and months) the investment markets are a voting machine. People buy and sell investments based on price momentum, or their emotions regarding how comfortable they are with the price direction over a few days or weeks.

Tags: 
investment planning

The Basics of a Successful Financial Strategy

Posted on: April 13, 2020

Before a sky scraper can reach for the clouds, it needs a very strong foundation. Once the building is complete, the foundation is virtually unseen. The same goes for a financial strategy. The following are the basics of a strong financial foundation:

Budget - Governments and businesses use budgets to properly allocate resources. It's known as good business. A budget can help you figure out where your hard earned income is going and to identify ways to cut spending or increase savings.

Tags: 
financial strategies

Healthcare and Retirement

Posted on: April 13, 2020

We are all familiar with the following perennial adage: “health is wealth”. Regardless of any financial circumstances you may have, optimum health allows you to enjoy long trips overseas, partake in your grandchildren’s life, physical activities such as golf as well as looking forward to your retirement years. No one wants to have to worry about the expenses that come with health problems in retirement.

Tags: 
health
retirement
retirement planning

Global Economic Challenges

Posted on: March 9, 2020

One of the world's richest men, Warren Buffett, acquired his wealth by following a very simple rule during times of market volatility: "Be fearful when others are greedy, and be greedy when others are fearful."

With mass media websites trumpeting headlines like "Oil collapse and global stampede out of stocks trample loonie" (Financial Post) and "Dow drops more than 2,000 points amid oil price war, coronavirus fears" (New York Post) it is easy to forget that the world has been in similar situations before.

Tags: 
financial strategy

Protecting your Most Valuable Asset

Posted on: March 9, 2020

Most of us take for granted that we will be able to get out of bed every morning and go to work to earn a living. We base all of our financial plans on this seemingly obvious concept. Our most valuable asset is the ability to earn an income. Unfortunately, it is also one of the most vulnerable and most of the undesirable things that can affect it are beyond our control.

Tags: 
insurance planning

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