latest articles

Jan
11
2021

Helping Adult Children Buy A Home

With the average price of a home in Canada 1 costing roughly $530,000 in 2020 , it's getting harder for first-time buyers to enter the market. This is likely why a growing number of parents are stepping up to help their adult children purchase a home. While it's admirable to offer this level of support in an increasingly expensive world, it's also a complex decision that both parents and their adult children should ponder carefully.

Tags: 
estate planning
Dec
07
2020

Is Inflation Missing?

Many commentators are expecting increased inflation in the coming months as Central Banks globally have ramped up their money creation efforts in response to the increased market volatility last March. There are different types of inflation, but most people have experienced price inflation, whereby excess demand is met by rising prices. The next round of anticipated inflation could be different than what most people are familiar with.

Tags: 
investment planning
investments
Dec
07
2020

Holiday Spending Strategies

The holiday season is a time for connection and giving, but it can also be costly. According to PwC Canada's 2019 Holiday Outlook report1, Canadians spent an average of $1593 on holiday shopping last year. As this year's present buying season begins, here are some helpful tips that could help you avoid overspending and taking on consumer debt that could follow you into the new year.

Tags: 
financial strategy
Dec
07
2020

Protect Yourself From Scams

According to the Canadian Anti-Fraud Centre, 45,000 Canadians lost more than $96 million to online and telephone scams in 20191. These stats are rising dramatically in our post-COVID reality. In April 2020 alone, there were 6566 reports and 2317 victims defrauded of over $8.3 million. The isolation and anxiety brought about by the global pandemic have inspired con artists to up their game against unsuspecting victims.

Tags: 
fraud protection
protection
Nov
09
2020

Your Cottage is a Tax Time Bomb!

Well what a year it has been! Summer of 2020 will not only go down as one of the most bizarre in modern history, but also as the hottest summer in 84 years! I'm sure many of you by now have prepped for the Winter, closed the doors for the season and are still basking in the afterglow of Family Cottage Experience 2020! As you fondly remember the time spent with your family at the cottage and look forward to next year, there's something else that also needs your attention. You may be sitting on a tax time bomb.

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