Wednesday, October 12th Two session times available: 10am OR 7pm Fairfield Inn & Suites 490 Barrydowne Road, Sudbury, ON Most Canadians who are retired and have a pension income will find themselves exposed to an additional 13% in income taxes per year throughout their retirement years*. The good news, however, is that this 13% annual increase* in income taxes can be avoided or reduced. By attending this upcoming information session,...
Fall Finances
A new school year can be a great time to teach your kids about money. Here’s how to help them shop for supplies and spend their allowance wisely. They’re the age-old questions for families: Should kids get an allowance and how do you decide how much to give? While each family needs to decide what works best for them, here is some advice and common rules-of-thumb to help you. Should children get an allowance? If you decide to give an allowance,...
Why Canada’s Borrowing Binge Will End Badly
It’s getting harder to see anything but a messy ending for Canada’s household debt binge. This isn’t the beginning of a lecture on reducing your borrowing. It’s more a resigned observation of human behaviour. You can warn people to act now to avoid a potentially bad outcome in the future, but they’re not likely to do anything unless they see trouble dead ahead. The second quarter of 2016 was a vintage moment in debt accumulation. Incomes rose,...
The Myth of The Straight-A Student
Rebecca was different from her sixth-grade friends. She didn’t care about social status or Snapchat or fashion. She cared about grades, and she cared about them a lot. By the end of the first semester, she had become so obsessed that her mother contacted me, her school counselor. “She can’t sleep, can’t think about anything else,” she told me. “Every night, she sleeps on our floor drowning in tears....
Don’t be greedy…it works against you
The more you love money, the less it appears to love you back. A new study found that nearly 60% of investors who score high on a “love of money” scale actually have bad financial outcomes, according to State Street’s Center for Applied Research, which surveyed 3,000 retail investors across the globe. “The more that people love money, the more money they lose,” says Suzanne Duncan, head of global research at...