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Financial planning insights and guidance

Financial Planning for Locums

Working as a locum is one of the most common stepping stones in a physician’s career path. By undertaking a temporary position, a young doctor is able to gain valuable work experience and earn a salary while looking to secure a full-time position. Wh...

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RRSPs and TFSAs for Incorporated Doctors

For medical professionals, incorporating your medical practice comes with numerous benefits including a significant reduction of your tax liability which, in turn, allows you to save more for retirement. Through the appropriate use of RRSPs and TFSAs...

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Coronavirus and Market Volatility

The last five days (and few weeks) in the market has been characterized by the same panic that has taken over our nation’s supply of toilet paper with panic taking over any rational thought. The financial markets are in a “shoot first, ask questions...

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What to Focus on During a Market Selloff

On days like today, the markets test your mettle as an investor and a reminder that the prolonged period of low volatility and easy returns, such as 2019, are earned with periods of volatility. The markets usually move slowly up but violently down......

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Protecting Your Digital Assets: Estate Planning in the Modern World

So much of our personal lives exists online, nowadays. Living in this day and age, chances are high that you have a personal profile on at least a few different social media platforms. You also likely use online banking and other online financial pla...

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Starting your RRSP Early Can Help you Buy your First Home

When withdrawing money from an RRSP, funds are typically treated as taxable income – with one exception. The Home Buyer’s Plan (HBP) allows first time home buyers to withdraw up to $35,000 from their RRSP tax-free to put towards the purchase of their...

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2020 RRSP Contribution Deadline is Approaching

Now that the deadline to contribute to your Registered Retirement Savings Plan (RRSP) for the 2019 year is quickly approaching, it is time to review exactly how an RRSP works, some lesser-known facts about them, and ways that you can maximize the ben...

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Merging Finances

Whether common-law or married, the issue of merging finances is a tricky one to handle....

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The Psychology of Money – Spending & Saving

It seems to be much easier to spend money than it is to save money. Have you ever wondered why this is? Why do you spend money the way you do? Just like anything that we do in life, there are underlying psychological factors that dictate how we choos...

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Educating Your Children About Money

While money won't buy happiness, it can provide you with the opportunity to pursue the things that make you happy. As a parent, you can have an active hand in setting your children up for a financially secure and happy future. Here are some simple ti...

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