Should you contribute to your RRSP or pay down debt?

Even in today’s ultra-low interest rate environment, credit cards carry heavy interest charges and paying them off should be your first priority Melissa Leong- The Financial Post- When it comes to money decisions, it can be hard to figure out

Posted in RRSP

The clock is ticking on contributing to your child’s educational savings

Every year you let pass means it will be more difficult to maximize the government grant. By the time your child turns 10 that could mean missing out on some of the $7,200 lifetime allowed per child. Garry Marr |

Posted in RESP

Time to rethink investment rule as low interest rates continue

A Mississauga woman looks over her retirement portfolio. By Paul Delean, The Gazette MONTREAL — With interest rates near record lows, does it still make sense for retirees to have most of their nest egg in fixed-income investments? What used

Posted in Retirement Planning

Canada doesn’t have your back: Free health care only goes so far, especially for some seniors

Despite the need to get on top of health-care expenses for one’s senior years, a Leger Marketing survey reported that 56% of Canadians are entirely unfamiliar with the costs of long-term care in their province. Free health care only goes

Posted in Long Term Care

Long-term care insurance for seniors is worth considering

Long-term care insurance not only helps finance part — or the entire — expense of staying in a private or semi-private long-term care facility, but can also provide a steady stream of income for nursing care or registered caregivers when

Posted in Long Term Care

Professional and Collegiate Athlete Disability Insurance

Professional and Collegiate Athlete Disability Insurance         by Thomas Petersen… Last week, I found myself sunk into a comfortable, dark-leather booth, sipping a refreshing Irish ale in one of Los Angeles’ more popular dining establishments.  Despite the

Posted in Disability Insurance, Sports Disability Insurance

The Long View… Ignore averages: Your money has to last for 30 years after retiring

Rather than planning for a 20-year retirement, prepare for 30 years of life after work, says Ian McGugan. Ian McGugan The Globe and Mail The four most dangerous words in long-term financial planning are, “Let’s assume I’m average.” Averages can

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Wanted: A stress-free, debt-free life

DIANNE MALEY  Special to The Globe and Mail Mike and Morley are in their 40s with two children and a serious aversion to debt. The mortgage they took out to buy their suburban Toronto home 14 years ago “was my

Posted in Retirement Planning

Homecare in critical condition

Quebec tabled legislation to provide additional $100 million per year, but health critics say the program is failing those most in need “Five months without physiotherapy is unacceptable,” says Beverly Spanier, using an active-passive trainer in her Montreal home under

Posted in Health Insurance, Long Term Care

U.S. expats in Canada, the IRS is eyeing your RRSPs

From Americans Living in Canada – Smile, The IRS is Watching You, by David A. Altro and Jonah Z. Spiegelman. Copyright © Altro Levy LLP, 2014. Reprinted with permission of Altro Levy LLP David A. Altro and Jonah Z. Spiegelman

Posted in RRSP