Should you ever withdraw funds early from your RRSP to repay current debts? This article highlights several negative consequences associated with early RRSP withdrawals and outlines the very few, specific scenarios where taking money out of your reti...

The Registered Disability Savings Plan (RDSP) is a savings program created by the Canadian government that is intended to help individuals save for the long term financial security of a person with a disability. Here is an overview of RDSP`s benefits...

You worked hard for your money. When giving it away to support a cause you care deeply about, it makes complete sense why you would be concerned with how exactly it is spent and what impact your donation is making. If you are a wealthy individual tha...

Running a successful business is not without its challenges. Throw family into the mix and things have the potential to get even more complicated. While there is no uniform method of running a family business, here is some general advice that will he...

Recent changes to the Income Tax Act have changed how professional corporations are taxed. This article explores the new passive income rule and what it might mean for your practice....

Estate planning is a foundational component of personal financial planning. A well-prepared estate plan ensures that your assets are allocated according to your wishes and that your family is cared for. Here are some steps you can take that can help...

With many people deciding to live at home for longer, it is important to understand the financial and emotional costs associated with aging in place. Further, it is important to take a look at how easy-to-use technology and smartphone apps can help u...

An endless conversation in the world of personal financial planning surrounds the question of how much money you should leave for your children or grandchildren. While some people see great value in keeping family wealth within the family, critics sa...

Retirement planning is a complicated, yet hugely important part of financial planning. For incorporated professionals, this process can get even more complicated. This article aims to provide you with insight into various sources of income available...

If you’re looking to give back to your community, instead of giving cash to your chosen charity, consider donating securities and mutual funds. This is a strategic and highly tax efficient way to satisfy your philanthropic ambitions and contribute to...