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How Much Will You Spend?

Posted by on Feb 13, 2017 in Articles |

You’re faithfully saving for retirement. Now it’s time to sit down and understand what your retirement paycheque will look like and how you’ll spend it. Accurately estimate the basics The first step in determining how much you can spend is to understand these basics: Your fixed expenses This includes costs of housing, food, medication, and other life essentials. Getting these numbers right – and being able to estimate changes in them over time...

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5 Things Your Business Needs to Know About Future CPP Changes

Posted by on Feb 6, 2017 in Articles |

Significant changes to the Canada Pension Plan come into effect in 2019. Start getting ready now.   Despite having to pay more for CPP, companies should aim to keep their group RRSP or private sector pension plans.   In 2019, new CPP rules will come into force. While that may still seem like a long time away, business owners impacted by the new enhancements need to start planning for the changes today. “If you are a small business...

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Retirees Are Reshaping the Sharing Economy

Posted by on Jan 26, 2017 in Articles |

An increasing number of retirees are turning to companies like Uber and Airbnb to stay active. When Howard Petrook retired a couple of years ago he, like a lot of new retirees, wanted to stay busy. The lifelong entrepreneur wasn’t interested in watching TV all day or spending hours playing golf. But what would he do? After being a passenger in an Uber – the popular cab-like service where cars are hailed via a smartphone app – he found his...

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Do Your Home Renovation Homework

Posted by on Jan 21, 2017 in Articles |

Home renovation projects can be stressful, but careful planning can help ensure you get the job done right and keep surprises to a minimum. Whether you’ve heard about home renovation disasters from close friends or from TV, you know there are people out there who have lived through some trying home construction projects. The lesson learned from those stories: Before starting a project, plan ahead and do your homework. Work out as many aspects...

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Pay Your Kids Today

Posted by on Jan 12, 2017 in Articles |

Understand the pros and cons of giving part of your estate to your kids sooner, rather than later. Some parents like the idea of giving a gift of money to their children during their lifetime – to allow them to have cash when they really need it, whether to pay for a wedding, fund their education, or purchase a home. If you go this route, make sure you are comfortable with the amount you are giving, and know that once you make the gift, you...

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4 Things You Didn’t Know About RRSPs

Posted by on Jan 5, 2017 in Articles |

RRSP accounts are straightforward enough, but there may still be a few things about them that will surprise you. Many Canadians already know that a Registered Retirement Savings Plan (RRSP) is a valuable – and versatile – retirement planning tool, but there’s more to these accounts than meets the eye. Here’s what most of us do know: RRSPs are typically used as a long-term savings vehicle. The money we put in grows tax free until we take those...

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