It’s easy to get caught up in jargon when you work in finance. There is no shortage of acronyms (RRSP, CPI, HISA…) and there are a lot of terms thrown around (bullish, bearish, doveish, hawkish). This article introduced a new one to me: “the five year, five year forward”. No wonder people stop listening. The terms that are most important are the ones that affect you and your household.
You wouldn’t call me a voracious reader but I my nightstand always has a book and a pen on it. Interestingly, I just finished Morgan Housel’s book “The Psychology of Money” and took copious notes. The book, which is mentioned in this article, discusses various ways in which our attitudes and tendencies can enhance or detract from our ability to accumulate wealth.
In this brief 3-minute video, we give you a look ahead to some important tax considerations for 2023.
Declaring a recession is only possible when we are looking back at the previous quarters’ economic performance. So, whether we are in a recession, approaching a recession or the magnitude of any recession that does appear, resilience is key.
Revisiting your tax strategy towards the end of the year is a terrific way to use the benefit of hindsight and market movements to optimize your strategy.
This week’s article selection is inspired by a conversation I had with a client. Although the Canadian medical system provides seniors with drug coverage, clients are increasingly haunted by stories of drug exclusions and the costs of personal support workers and other age-related medical costs.
This white paper, produced by the Canadian Institute of Actuaries, demonstrates that the majority of Canadians would benefit from deferring their CPP pension onset to age 70 and drawing from RRSPs/RRIFs in the interim.
The world’s most successful investors take a long-term view. They buy and sell like collectors, not gamblers. When faced with the bombardment of news on inflation, employment, recession speculation and interest rate movements, these investors are able to contextualize these factors and tune them out.
Filling up your gas tank in recent months is like seeing the bill for your toddler’s birthday party – “how much?” For a smooth family life, however, both must be paid.
Inflation and interest rates have been the talk of the town in recent weeks. These are issues far-beyond our control with central banks all around the world scrambling to adjust and control them.
