Question. I’m planning to retire soon, and working on my retirement plan. I have a small pension, but most of my income in retirement will come from my own investments. A friend of mine recently told me that I should consider buying an annuity with my retirement savings. How can I decide if an annuity is right for me? […]
July saw equity markets continue their recovery, with some even turning positive for the year.
Last summer, we published a blog post on the Top 5 Life Insurance Q&A. We explored such questions as: How much life insurance is enough? I have life insurance through my plan at work – is that good enough? Do I have to get medical testing? How much does it cost? Is it tax-free? Those are very important questions indeed. […]
Should You Join Your Company Group Savings Plan? Question. I just started a new job recently, and have to make a decision about signing up for the company savings plan. In my last job, I was a member of a pension plan, and didn’t really have any decisions to make. But now, I have the option to enrol in a […]
As a result of the lockdown, many Canadians have now been forced out of the work. If you have lost your income due to COVID-19, and are in need of financial assistance, please see our previous post, Financial Assistance: Benefits to Get Through Coronavirus. Indeed, the economic fallout from COVID-19 and the corresponding lockdown is well-documented, and dominates the media […]
March was the worst month for global stock markets since the 2008-09 financial crisis. Bonds were down a little, while oil halved (!) in price as COVID-19 shutdowns decimated the demand for oil.
Question. Like many other people, I am now working from home due to the lockdown. I’m wondering, can I now claim home office expenses as a tax deduction? Also, my employer gave me some money to buy things such as a new webcam for our virtual team meetings, so I can work from home properly. Is this a taxable benefit […]
Question. Our family has been financially impacted by the shutdown due to COVID-19, and we are really having trouble making ends meet. I noticed recently that banks are offering people the option to defer their mortgage payments for a while. Is this something I should do? Are there any negative consequences? Answer. These are definitely challenging and unprecedented times. Many […]