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CPP vs RRSP: Can you transfer your CPP to an RRSP? Dec 21st
I’m 40 years old. Can I transfer my accumulated CPP to an RRSP?
—Franco
I am going to cut to the chase here, Franco. You cannot transfer your Canada Pension Plan (CPP) to a registered retirement savings plan (RRSP). Some pensions can be transferred to an RRSP, and there are ways .... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Dec 15th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact - TechCrunch Sep 22nd
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact TechCrunchFacebook says it underreported ad performance due to Apple's iPhone privacy update CNBCFacebook says privacy changes in iOS continue to impact its ad business 9to5Ma.... More »
How to choose a financial advisor in Canada + MORE Apr 18th
Do you know what to look for when choosing a financial advisor? This person will be giving you advice on important things like insurance, money management and investing, so it’s worth taking the time to screen candidates carefully before you hire a financial advisor.
The terms “financial advi.... More »
Stock market news live updates: Stocks rally, Intel craters, as inflation data cools - Yahoo Canada Finance Jan 27th
Stock market news live updates: Stocks rally, Intel craters, as inflation data cools Yahoo Canada FinanceU.S. stocks retreat as traders weigh earnings, PCE data BNN BloombergStocks Jump As Recession Fears Ease BarchartNasdaq 100 Heading for Best Week Since November: .... More »
Creating your will: a guide for couples
– moneysense.ca
From deciding whether your prickly sister-in-law should be the executor, to how much money you should leave to your spendthrift nephew, estate planning is fraught with emotional hiccups—especially when you’re strategizing for two.
As many couples know, big feelings often get in the way when it comes to tackling the topics of money and your eventual death. Here’s how to get past those emotions and come up with a joint plan for your wills that protects your loved ones and your assets.
First, let’s talk about why you need a will
Before you get started, it’s good to review some basic reasons for getting a will. Number one is to establish orderly succession. “You want the assets to go to the people you want it to go to, and minimize family disputes,” says Cynthia Kett, a Chartered Professional Accountant and Certified Financial Planner at Stewart & Kett.
Second is tax minimization. With proper estate planning, Kett explains you can ensure your assets aren’t eaten up by the CRA before it’s dispersed to loved ones…
As many couples know, big feelings often get in the way when it comes to tackling the topics of money and your eventual death. Here’s how to get past those emotions and come up with a joint plan for your wills that protects your loved ones and your assets.
First, let’s talk about why you need a will
Before you get started, it’s good to review some basic reasons for getting a will. Number one is to establish orderly succession. “You want the assets to go to the people you want it to go to, and minimize family disputes,” says Cynthia Kett, a Chartered Professional Accountant and Certified Financial Planner at Stewart & Kett.
Second is tax minimization. With proper estate planning, Kett explains you can ensure your assets aren’t eaten up by the CRA before it’s dispersed to loved ones…
