Posts Tagged ‘financial planning’
How to Avoid or Minimize Extra Tax From New Higher Capital Gains Tax
You may have heard that we just had a new budget here in Canada, and increased the taxes on capital gains. Canadians with a rental property, cottage or investments and their tax advisors are scrambling to figure out what to do before the deadline of June 25, 2024. Here are the questions we’ll cover: What…
Read MoreHow to Donate Effectively
You may be thinking – what difference can I make in the world? As a financial planner I talk a lot about money, however, it’s not really about the money itself, but what it does for your life – how to live well, retire comfortably, and give back. In my latest video and podcast episode,…
Read MoreFinancially Smart Divorce
Divorce is never financially smart! As a financial planner, I don’t recommend divorce. It’s bad for your finances! However, you can go through it in the most financially smart way – to leave both of you in the best possible position. We have seen quite a few people go through divorce. We’ve seen some total…
Read MoreGold Goes Down on Inflation. Why Doesn’t the Industry Know This?
Gold goes down on inflation. Why doesn’t the industry know this? This is one of the most common and wrong conventional wisdoms. The conventional wisdom is that Gold protects you from inflation, so if we have high inflation Gold should be up. It should maintain its value. The problem is – this isn’t true and…
Read MoreFinancial Post Article: Middle-aged woman who just lost her high-income job wonders when it’s ‘safe’ to retire
The Financial Post asked me to review the finances of a 47-year-old woman who lost her high-income job, and wants to know when it’s “safe” to retire. A successful professional, she was well on her way to an early retirement at age 52 or 53, but now she’s wondering if that will still be possible,…
Read MoreWhat is a Hedge Fund? Inside the Semi-Secret Hedge Fund World
20 years ago I took the most fascinating investment course, and by far the most in-depth. The course made me a “Certified Hedge Fund Specialist” (CHFS). I loved it so much I received the top mark in Canada. From the course and meeting with hedge fund people, I’ve learned the ins and outs of the…
Read MoreYour Corporation – What You Need To Know (If You Don’t Understand Your Accountant)
Do you own a business? If yes, then you’ll love my latest video and podcast episode. I cover the few things that you really need to know about corporations. You’ll learn: I hope you enjoy it! Ed
Read MoreCanadian Press Article: Renting for life? Here’s what that means for your financial planning
Nina Dragicevic from The Canadian Press recently interviewed me about renting for life as a real option and what it means for your financial planning. In today’s housing market, many young people and even people in their 40s see purchasing a home as unattainable. I work with high-income clients who don’t always own their home,…
Read MoreAsset Allocation Loss Ratio (AALR) – What Is It & How Does It Help You?
When you go to any investment firm, they require you to fill out & sign a Risk Tolerance Questionnaire of some kind. The purpose is to prevent you from investing too aggressively. This can be important, because you might sell a more aggressive investment when it is down and lose money. However, there are 2…
Read MoreGambling, Speculating, Saving & Investing. What’s the difference?
How should you invest your money? If you don’t invest wisely, it will be hard to fund your future. There are always new areas you can put your money into, but are they worthwhile long-term? In my latest video and podcast episode, I look at all the possible areas to invest your money and fit…
Read More