October was another good month for stocks, while one of the best performing asset classes, REITs, took a breather.
Question. Hi, I recently received an inheritance of $50,000. Currently, I have about $107,000 in my RRSP, and since I’ve never been able to maximize my contributions, I have a contribution limit of over $60,000. Also, I owe $220,000 on my mortgage. My question is, what should I do with the $50,000 inheritance? Should I contribute it to my RRSP, […]
Question. I saw an advertisement on television recently, regarding critical illness insurance. I’m not currently familiar with this type of insurance, so I checked my group plan at work to find out more, but critical illness insurance isn’t a part of my group benefits plan. I asked my HR department, and they’ve indicated that they have no intention to include […]
September is the worst month on average for stocks, but this September was a good one with equity markets performing well. Bonds were down slightly and REITs again performed well.
Question. I’ve been a software developer with an engineering firm for many years. Although I enjoy software development, I feel I’ve outgrown my role, as there is no room to advance at my firm. I have several potential contract opportunities, but I’m nervous about leaving my employer. I have a great benefits and pension plan, and despite the opportunity for […]
August was a down month for most equity markets, however Canadian stocks were one of the few positives. Meanwhile bonds and REITs performed well.
Question. Hi, my spouse and I have been renting an apartment for the last few years, and we’re now ready to buy our first home together. We are wondering what programs are available for a first-time home buyer that could be beneficial. Do you have any advice for us? Answer. Your timing is great! As of September 2nd, the […]
Question. Hi, my partner and I currently have RESPs opened for our two children, and we contribute $200 per month for each child. Although my kids are still in elementary school and have quite some time before college or university, I always get nervous when I think about the costs (and especially when they go back to school after the […]