Protecting Your Investments

Investments are crucial when building up to retirement. But once you get there, you need to make sure your investments are protected. There are a variety of tools that can help accomplish this, including a Term to 75 Return of Premium on Surrender Critical Illness Plan. This insurance will help you in the event you

Read More

Bankruptcy Myths Cleared Up

Everyone knows what bankruptcy is, but not how it works. Here are some myths cleared up. Very few people who file bankruptcy in Canada actually lose their homes. Typically the person filing for bankruptcy makes a settlement on the interest remaining on the property. Personal possessions, such as furniture and household goods, are exempt in

Read More

How an Increase in Interest Rates could Affect You

Interest rates are currently at a very low level, and have been falling since the 1980’s. Here’s how an increase could affect you. With higher interest rates, Canadians will pay more interest. It is not yet known how Canadians will handle these larger payments but it is likely disposable spending will go down. This will

Read More

How to Prepare your paycheque from the Threat of Pandemics

Whether it is Covid-19, or a future pandemic, it is essential to prepare for the dangers that can come.  Many Canadians do not have an emergency fund. This is a liquid, usually cash, fund that is there when hard times hit. It is usually advised that everyone have an emergency fund that is three to

Read More

How Does the Price of Oil Affect the Price of Gas?

Even when the price of oil is far below what it used to be, gasoline can still remain constant. This can be attributed to U.S. Dollars affecting the price of petroleum products, this can be seen with the West Texas Intermediate (WTI). Not only is our week dollar hurting us, the carbon tax has increased

Read More

How to Ensure your TFSA is Working for You

Nearly 60 per cent of Canadians have opened a TFSA since it was introduced. The Tax Free Savings Account is an essential tool in building wealth. As the name infers, it allows one to avoid paying tax on their investment gains. There are a few important things to keep in mind when using a TFSA;

Read More