For those not paying attention to the latest Federal Budget proposal, you will be disappointed to learn that the inclusion rate of a gain on an asset sale has risen from 50% to 66.67%. This isn’t the first time the inclusion rate has been changed, nor is it the highest rate.
While investing in volatile times can sometimes challenge your discipline and commitment, there are timeless principles to include in your investment strategy that can help ease your mind and keep you focused on the long term.
Who is eligible to open an FHSA? How much can you contribute?
One of the big questions many people have before retirement is whether they’re going to have enough money to get them through their golden years. While determining the right number takes some work with a financial advisor, covering your costs may not be as challenging as you think. That’s because you can tap into several income sources to help keep your coffers full.
When it’s time to decide which mix of savings vehicles is right for you, your options can start looking like a hearty bowl of alphabet soup. There are registered retirement savings plans (RRSPs), tax-free savings accounts (TFSAs), and registered education savings plans (RESPs). Determining which savings plan or combination of savings plans is best depends on your personal situation and your objectives.
We had the pleasure of attending both the Economic Forum early January and a full day economic update with one of our fund company partners at the end of January. The forum featured the chief economists of the big 6 Canadian Banks, it is always well attended and attracts the top investment professionals in the country. Our fund company day featured both their global macro economic strategist, their Canadian chief economic strategist, some former Bank of Canada analysts, along with a few of the top portfolio management teams in Canada.
No matter how accurate your expenses are or how much you are able to save each month, without sufficient insurance coverage your financial health has a substantial element of risk. One of the main purposes of insurance is to provide financial security and risk mitigation to ensure that retirement funds are not utilized to cover medical expenses and loss of income during recovery or potential death.
There have been many Canadian innovations over the years, but you might be surprised by these lesser-known inventions.
Preparing a will isn’t something most Canadians look forward to. Yet there are several good reasons why you shouldn’t procrastinate in getting your will prepared — especially when you consider how little it costs and the benefits that come with it.
Stocks have been up — but unemployment has also risen. Why is that? Here, we break down the major differences between the stock market and the economy.
The GAA team explores the surprising resilience of the economy and the key questions facing investors.
As always, the year has gone by far too quickly. With November here we are looking at majority of the year in the rearview mirror. If economic performance for the year could be summarized in one word, it would be “flat”. Overall, both the stock and bond indexes are at around the same spot where they started the year. There were areas that did provide growth but overall the general market was flat.