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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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Make Retirement Work for You

Posted by on Dec 8, 2016 in Articles |

Just because you’re retired doesn’t mean you have to stop working. You could be one of the many Canadians who have found fulfillment by turning passion into prosperity.   Many retirees aren’t ready to call it quits. In fact, plenty of people use their retirement years to pursue business opportunities they could never find the time to start up while they were working a 9 to 5 job. Now that you’ve made the decision to retire, it could be the...

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The Problem with Downsizing

Posted by on Nov 24, 2016 in Articles |

Selling an expensive house to buy a cheaper condo in the city used to be a no-brainer, but with housing prices soaring in many areas, it’s getting harder to make the math work. For the last 20 years, Mary and Randy Marlo raised their family in a beautiful ranch-style bungalow that was perched on a hill in the East Toronto neighbourhood of West Rouge. In the summer months, they’d spend family time playing in the large backyard or watching...

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5 Retirement Retreats

Posted by on Oct 19, 2016 in Articles |

For those looking to see the world and give back at the same time, consider these must-see destinations. As Cathy and Don McCallum reached retirement in 2007 – she was a teacher, he was a banker – they began thinking about what they should do after they stopped working. The North Bay, Ontario, couple knew they wanted to travel, but they didn’t just want to sit on a beach or do the usual sightseeing. They’ve always volunteered in their community...

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