No Brainer

Di was a wife and mother in her early 20’s when tragedy struck.  They were living in a coastal town in southern Australia where Di stayed at home with her young daughter and her husband worked to provide for their new family.  She was pregnant again at the time they discovered that her husband was gravely ill.  After only 6 …

Do you feel lucky?

You’re probably thinking; ‘Do I feel lucky?’ Well, do you, punk? That is one of the most memorable quotes in movie history (Dirty Harry 1971). It’s also something we do every day: we make choices. Most choices we make involve benign things like what to wear, or what to have for lunch, you know, things that aren’t really life and …

Segregated Funds

Segregated (or seg) funds are an investment product sold by life insurance companies. They are individual insurance contracts that invest in one or more underlying assets, such as a mutual fund. Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest (75% to 100%). Even if the underlying fund loses money, you are guaranteed to get back some or all of …

The TFSA

The TFSA is an account in which Canadian residents 18 years and older can save or invest. Income earned on contributions is not taxed. The TFSA account-holder may withdraw money from the account at any time, free of taxes. The Canada Revenue Agency (CRA) describes the difference between a TFSA and an RRSP as follows: “An RRSP is primarily intended for retirement. …

Investing for your child’s future

Congratulations! You are a proud parent! This might be the most exciting time of your life, and quite frankly, it’s probably one of the scariest times too! This precious life that you have is looking to you for the teaching, guidance and love that will take them to adulthood. Oh, and provide the financial support to make their dreams come …