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...

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...

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

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...

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...

It goes without saying; divorce is hard – mentally, emotionally, physically and financially. It can be a hugely disruptive period that uproots your entire life, no matter what age you are....

Happy New Year! Just like the holiday season, yet another year has zoomed by. The dawn of the New Year provides us all with the natural opportunity to pause - reflect on all that has happened in the past year, assess the current state of our lives, a...

Over the past 365 days, we have been committed to helping you understand your finances better. We have written over 40 articles on a variety of financial topics including retirement planning, effective budgeting, investment practices, estate planning...

While the snowy Canadian winter offers an idyllic landscape to ice skate on the Great Lakes, take in the picturesque views while skiing in the Rocky Mountains, and indulge in all the wintry fun the holiday season has to offer, you may be in search of...

In the true spirit of the holidays (and the upcoming December 31st deadline to make a charitable donation and receive a tax receipt for the 2019 year), it is helpful to revisit the details of how making charitable donations can reduce your tax liabil...