Do you know any people under the age of 50 with Type 1 diabetes? Maybe someone you live or work with? Maybe your friend or neighbour? If you do know someone who fits this description, you NEED to read this and pass it on to them. When I first started in the industry back in 1995, I remember Registered Education Savings Plans (RESPs) were a terrible deal. I regularly … [Read more...] about Calling all people with Type 1 diabetes
Finances
Trust issues: Do you have a trusted contact person?
“Hey Arnold, can I get you to cash out another $15,000 for me?” “Of course,” I replied. “But Jane, forgive me, I just have to ask. This is the third time in three months that you asked to withdraw a large sum. Now, obviously, it’s your money and you can do with it as you like, but at this rate you are burning through it fairly quickly. Can I ask what’s going on? I know you … [Read more...] about Trust issues: Do you have a trusted contact person?
Charitable gifts: Tax credits and how they work
Some time ago, I had a conversation with a regular charitable donor that went something like this: “What a rip off! It’s not like it used to be. The government only gives a 29% tax credit for my charitable donation. I get way more than that for an RRSP contribution. I used to get a deduction for the full amount of my charitable contributions, just like my RRSPs.” “You’re … [Read more...] about Charitable gifts: Tax credits and how they work
War in Ukraine impacted stock markets
We watched the news with shock and horror as Vladimir Putin waged war on Ukraine, killing thousands of innocents and displacing millions more. The cost to the Ukrainian people is massive. We cannot express deep enough sympathies to them, their families and friends, and all the other victims of war. While it seems almost petty to even bring it up, Putin’s actions have … [Read more...] about War in Ukraine impacted stock markets
The building blocks of financial success
“What are the core principles we want to teach our children about money?” This was one of the many questions my wife and I had when our children were young. After much thought, we landed on the building blocks of financial success in these four principles: • Generosity – giving back • Saving – setting funds aside for the future • Freedom – spending … [Read more...] about The building blocks of financial success