Finances

Savings for Retirement Questions

May 21, 2013 Finances

Saving for retirement: When should you start? How much will you need? What plans are available? Retirement is on the horizon and if you haven’t already started, now is the time to start saving. A 2011 Statistics Canada survey shows most people are saving four percent of their disposable income. This may not be enough […]

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Canadian Seniors’ Home Expenses Assistance

March 7, 2013 Finances
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Several Canadian provinces and territories are helping seniors to live healthy and independent lives through the help of tax credits and grants for a range of home improvements, modifications and other expenses. Depending on what province you live in, you may be eligible to claim up to $10,000 for home renovations on your tax return, and get […]

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Paradise Lost – Why Traditional Tax Havens Don’t Work

October 30, 2012 Finances
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 By Robert Keats If I have learned anything from my many years of providing financial advice to families of all types, sizes and levels of wealth, it is that lifestyle and family needs to trump tax planning nearly every single time. Once people get to a certain level of wealth (that level of wealth is […]

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How Safe Are Your Parents from Elder Financial Abuse?

May 15, 2012 Finances
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Elder or senior financial abuse is unfortunately common and anyone can fall for it. Are you aware of the latest scams you need to protect yourself and parents from? Learn how to safeguard your parents’ and your own investments. It’s not just strangers who abuse seniors, family members and trusted helpers can use their connection to unduly influence financial decisions.

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Successful Investing Starts with the A,B,Cs

March 13, 2012 Finances
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By Heather Compton Successful Investing – Begin at the Beginning Particularly at this time of year as investors are wondering how to invest recent RRSP contributions I am asked for suggestions.  Some are certain there is a “magic bean” that will revive portfolios that have lagged their expectations. When I, in turn, ask some basic […]

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Do You Qualify for the Disablity Tax Credit?

February 27, 2012 Finances
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The Disability Tax Credit is often overlooked and not claimed by individuals who could save over $1,000 if eligible. Find out who qualifies for the disability tax credit and how to claim the credit. If you have issues in two or more areas then the cumulative total of your smaller challenges may actually add up to a disability as defined by Canada Revenue Agency.

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New Year, New Financial Resolutions

January 31, 2012 Finances
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By Heather Compton New Year…New Resolve Presents are opened, holiday traditions honoured and the cookies devoured. Once again we find ourselves at the end of another holiday season, and turning our attention to the future and our intentions for a bright and prosperous new year. Every year millions of us put pen to paper writing […]

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Making the Most Out of Your Charitable Giving

November 25, 2011 Finances
Charitable Giving

By Heather Compton November is a great month to talk about charitable giving as November 15 marked National Philanthropy Day across Canada and around the globe. It’s a day designed to recognize the work of charities, volunteers and philanthropists and to pay tribute to the donations of time, talent and treasure that make our world […]

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Budgeting for Activities

October 28, 2011 Finances
Budgeting for Activities

By Heather Compton Peel Off A “Ritchie Unit” A “Ritchie unit” is a term my husband Dennis uses to refer to a one thousand dollar expenditure.  He’s dating himself as it’s a reference to a comic book character popular in the 60s.  How many of you remember Ritchie Rich – “the poor little rich boy”? […]

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RESPs: The Gift of Education

September 26, 2011 Finances
RESPs for Grandchildren

By Heather Compton RESPs: A Lasting Legacy What grandparent wouldn’t wish that all the gifts they gave their grandchildren would truly benefit them for a lifetime instead of just limping through this season and then collecting dust in some back closet? Wouldn’t it just add icing to the cake to know that for every dollar […]

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