How to Control your Spending

There comes a point in just about everyone’s life when you decide you want to limit your spending. Maybe it’s your overall spending to get rid of some debt or as you prepare for a fixed-income retirement, or perhaps you just want to reduce your spending in a particular ‘leaky’ category. Continue reading…


The Emergency Fund

Here’s a blast from the past that I love more than ever – the emergency fund.

It is meant for the inevitable financial surprises that can happen at any time. You know what they are – a dripping faucet, roof or hot water tank. A tooth. Being asked to be in a wedding party. They all qualify if the dollar figure is more than your chequing account can handle without risking an overdraft charge. Continue reading…


This might seem simple: Frequency Drives Volume.

Shocking news: The more often you shop, the more you buy. This is true in just about every category – whether it is groceries, clothes, shoes or your favourite collecting hobby. What most people don’t think about is that a habit of shopping frequently can drain financial resources away from more important areas in their life. Continue reading…


What to do with the Inheritance

A number is thrown around a lot when the amount of money that will be passed down in the coming generation in Canada is estimated – $1 Trillion they say over the next 20 years. Right now the average inheritance is just over $100,000 but it is expected to swell to $300,000 in the coming years. Continue reading…


Minimizing an Estate’s Income Taxes

Well, June 9th was Tax Freedom Day in Canada. Let’s face it, as Canadians we hate paying income taxes and we pay more than all but a small handful of countries in the world. A massive industry is built around minimizing taxes for Canadians – they are wonderful folk we call accountants. And while it is always recommended that you seek the counsel of a qualified CPA to assist with your estate’s tax minimization strategies, there are some basics that you should understand before you engage them. Continue reading…