Articles

Thinking about gifting money to your adult child?

A topic that often comes up with my clients in their 50s, 60s and 70s is that of assisting their grown children (aged 20-40) financially. There are many good reasons to help out your adult children these days, especially if you can afford it. Whether it is assisting with a down payment on a home,… Continue Reading

How much should you pay for your next vacation?

When you come back from a vacation it’s hard not to reflect on vacations past. The vacation is perhaps the most anticipated and enjoyable use of your money, but many people struggle with what they should spend. This question gets posed to me a lot. I’ll start with the most obvious of comments. Purchase the… Continue Reading

Stick with your long term investment strategy

Once you have decided on your investment portfolio’s asset allocation, you are happy with the diversified and low fee portfolio you have created with a qualified financial planner (or on your own), and you are investing according to the plan, what are you supposed to do next? NOTHING. Here is where most people get in… Continue Reading

Do you know what you are invested in?

For most people I know, deciding how to invest hard-earned dollars to fund a distant retirement is more painful than a root canal. How could there possibly be more options? And products? And promises? How do you sort through all the myriad of investment alternatives available? Today I won’t cover how much you should put… Continue Reading

Know your own risk profile

You may have heard from an investment advisor at some point that your investment risk profile is important. Today I will cover what the term means, why it is important and what it implies. When it comes to investing, I like to talk about five keys to success: 1. Spend less than you earn 2.… Continue Reading

Two little words you shouldn’t ignore

According to Statistics Canada, the six most common spoken languages in Canada are English, French, Spanish, Italian, German and Chinese but there are a couple of Latin words you should know something about. Caveat emptor means ‘Let the buyer beware’ and I touched on this last time. These are two little words that will have… Continue Reading

34 months of effort wiped out in 10 minutes

It sounds like an Olympic dream dashed by a fall. It was actually our mortgage principal balance backing up almost three years due to one brilliant marketing piece, and one bad decision. And yes, caveat emptor - Latin for ‘buyer beware’! What better example to share than one where you are the principal player? I… Continue Reading

5 More Money Ideas to Enhance Your Life

Most personal finance books stretch 150-250 pages but the best concepts can sometimes be captured in just a few paragraphs. Here are five more random ideas (see my previous blog post for the first 5) that you can reflect on and incorporate into your financial plan. 1. Link your passion with your career How many… Continue Reading

5 Ideas to Improve your Financial Health

Here are five random ideas to improve your money health. There's no time like the present to make sure you've got some of the basics down. I really enjoy meeting with people and discussing their money situation. Everyone has different stories, different backgrounds, different personalities and different goals. And what might work for some may… Continue Reading

Understanding Primary Residence Rules – for those with 2

For those who have more than one property, it is important to make the right decision when it comes to designating the right property as your ‘primary residence’ for tax purposes. There is a primary residence capital gains exemption available for one property for each married or common law couple in Canada. This means when… Continue Reading

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