Market Update for December 2019
December was a good month for most equity markets, while one of the best performing asset classes in 2019, REITs, took a breather.
Not Diversified? You’re Missing Out!
Question. I’ve noticed a lot of news about the US stock market recently, and how last year was a great year for investors. I have mostly Canadian investments in my portfolio, as I feel that it’s safer. But I’m wondering if 2020 will be the same, and if I should buy US investments instead? Do you think that now is […]
Top 3 Last-Minute Financial Planning Tips and Strategies for 2019
With another year coming to an end, and the New Year just around the corner, we’ve put together our ‘Top 3 Last-Minute Financial Planning Tips and Strategies for 2019.’ Let’s take a look at ways you can improve your personal year end: Tip #1: Make Your RESP Contributions Do you have a child under the age of 18? If so, […]
What You Need to Know for 2020 – Key Facts and Figures
We all know how challenging it can be to stay on top of ever-changing facts and figures in the field of personal finance. With that in mind, we have compiled a short list of key items to keep in mind for 2020. 2020 TFSA Limit The 2020 TFSA limit remains at $6,000, unchanged from the 2019 limit. Keep in mind […]
Market Update for October 2019
October was another good month for stocks, while one of the best performing asset classes, REITs, took a breather.
RRSP vs. Mortgage – Where Should You Put Your Money?
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, […]
Do You Need Critical Illness Insurance?
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 […]
Market Update for September 2019
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.