Financial Library

2011 RRSP Update

Posted on: January 8, 2011

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Each New Year brings about the return of many annual traditions. The packing away of Christmas decorations, the cleaning up after holiday fun, and the January credit card statement providing full evidence of our holiday cheer in carefully calculated columns.

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Beware of these scams aimed at seniors

Posted on: November 8, 2010

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fraud protection

According to recent news reports, seniors in Canada get bilked out of as much as $300 million every year. It is estimated that as many as one in five seniors have lost money to fraudsters and most don't report it.

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Estate Planning Tips and Traps

Posted on: October 8, 2010

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estate planning

Julia wants to make sure that her estate passes to her heirs with as little hassle and cost as possible when she dies. She knows she needs a will and decides to buy a do-it-yourself will kit. When she opened it, she soon discovered some serious shortcomings.

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The Income Tax Bond

Posted on: September 7, 2010

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insurance planning

Don, 65, and Marie, 63, are about to retire. They have accumulated about $500,000 in their RRSPs and own their home, free and clear. They want to leave as much as possible to their two children. Don and Marie realize that the value of their home should pass tax-free to their children and know their RSPs will be fully taxable at that time.

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Beware How You Help Your Kids Financially

Posted on: August 8, 2010

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financial strategies

A recent TD Canada Trust survey found that 10% of Canadians are considering the purchase of a condominium for their adult children. This is up from 5% just a year earlier and certainly reflects drastically increasing housing costs over the past decade.