How Much Will I Need To Retire?

Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. However, people with similar incomes often have different spending and lifestyle habits. This can affect their actual income needs in retirement. It is still important to Read more about How Much Will I Need To Retire?[…]

What About your Digital Estate?

The primary purpose of estate planning is to make sure all your affairs are dealt with in a timely, cost effective manner. Our world has become more and more electronic based over the past few decades, and will only become more so. Many of our “things” are actually digitally based today. Consider the following in Read more about What About your Digital Estate?[…]

Financial Fraud Prevention Tips

Financial fraud is still the most prevalent crime today. The Internet is also making it easier for fraudsters to do their deeds from just about anywhere in the world. According to scambusters.org, money wiring and re-loadable cards are the most difficult to trace and make certain frauds that much easier: Advance Payment – The victim Read more about Financial Fraud Prevention Tips[…]

Beware of the Summer Burglar Season

We live in a materialistic world. The more nice “stuff” people accumulate, the bigger the target for burglars and thieves to try to take it away for quick cash. With the summer vacation season upon us and warmer weather tempting us outdoors, we may be unwittingly making ourselves easier targets. Here are a few things Read more about Beware of the Summer Burglar Season[…]

How to Achieve Personal Financial Sanity

As the sovereign debt crisis makes its way around the world, creating havoc in its wake, we can be thankful that Canada has weathered the storm in fairly good shape. The media has given us a play-by-play on the action and many people are concerned with the outcome. While we can’t solve the sovereign debt Read more about How to Achieve Personal Financial Sanity[…]

The Financial and Emotional Ravages of Alzheimer’s

The Baby Boomers have become known as the “sandwich” generation as they are wedged between the dependency needs of aging parents and the needs of their children. Those hit the hardest have been the families ravaged by the onset of dementia or Alzheimer’s disease. Baby Boomers now find themselves reaching the age when the disease Read more about The Financial and Emotional Ravages of Alzheimer’s[…]

Tax Planning Strategies For Sole Proprietors

Sole proprietorship’s are the most basic form of business organization. They are actually an extension of the person and are taxed as such. Due to its simplicity, many business start-ups begin as this form of organization. As your business grows, there are numerous taxation benefits to setting it up as a corporation. Speaking to a Read more about Tax Planning Strategies For Sole Proprietors[…]

Debt Reduction As Retirement Savings Strategy

  Statistics Canada recently reported the ratio of household credit market debt to disposable income reached the highest level since the agency began tracking this figure. In 1990 it was 50%, rose to 110% in 2000 and jumped to 149% in the second quarter of 2011. This can cause some angst for those with children Read more about Debt Reduction As Retirement Savings Strategy[…]

Small Daily Choices Lead To Financial Freedom

  Most people want financial freedom over financial servitude. Who doesn’t want to be financially independent, where their money is working for them rather than working for their money? The problem for most Canadians is that financial freedom can be a struggle of living paycheck-to-paycheck or where spending tends to win out over savings. Ultimately, Read more about Small Daily Choices Lead To Financial Freedom[…]

The 183 Day Rule

The 183-Day Rule: Important Information for Snowbirds Do you migrate south to avoid the cold, harsh Canadian winters? As a snowbird, there are numerous United States tax policies that you should be aware of. If you are not mindful of these tax regulations, you could be responsible for paying U.S. income tax or face penalties Read more about The 183 Day Rule[…]