Category: Financial Planning
If you’re able to buy the property outright without borrowing any funds, the process is fairly straightforward. However, if you expect to apply for a second property mortgage, your lender will need to evaluate...
Gifting of assets and power of attorney Your question is one of the more common ones that comes up in my practice, Chris. First off, I am sorry to hear about your mother. Dementia...
What has intensified investor pain further is the unabated cyber-theft that has drained billions of dollars from crypto holders’ accounts. Since crypto transactions are usually irreversible, stolen coins are nearly impossible to reclaim. Cybercriminals...
Withdrawing from investments when you don’t live in Canada You ask about RRSP withdrawals in the future. As a Swedish resident, withdrawals would be subject to 25% Canadian withholding tax. In retirement, registered retirement...
GuardPath Managed Decumulation 2042 Fund: It seeks to deliver attractive and steady cash flow over a 20-year period through sophisticated risk management techniques aimed at extending portfolio longevity. GuardPath Modern Tontine 2042 Trust: It...
What was your first memory about money? Tong: I think my first memories of money were asking my mom to buy candy bars at the grocery store, and her saying no because we couldn’t...
Is beating the bank easier than fighting the fed? The U.S. has its mighty Federal Reserve, and Canadians have the central bank called the Bank of Canada (BoC). And while we may pretend we...
Is crypto a safe investment for retirement savings? This is a tricky question, Alex, because only a qualified financial advisor who has a holistic view of your financial situation can tell you whether crypto...
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The best date to retire for tax purposes For most Canadians planning their retirement, tax isn’t the primary factor, Laf. However, there are instances when tax can come into play for choosing a retirement...