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Planning to use your home equity in retirement Jun 3rd
How much of your net worth is wrapped up in your home? According to Statistics Canada, the median net worth for senior families in 2023 was $1,109,700. The most common type of asset for Canadians was a family home, with a median value of $500,000.
Since home equity makes up such a significant all.... More »
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes - Reuters Apr 8th
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes ReutersAsian shares gain and Japan’s Nikkei 225 jumps 6.5 per cent despite uncertainty over tariffs The Globe and MailJapan’s Nikkei 225 stock index up 5.5% as world markets gyrate under tariffs uncertaint.... More »
The best GIC rates in Canada for 2025 + MORE Oct 6th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Stop calling Canada's latest big idea a sovereign wealth fund | About That - CBC + MORE May 1st
Stop calling Canada's latest big idea a sovereign wealth fund | About That CBCOpinion: Should debt-ridden Canada really be borrowing $25-billion to invest more? The Globe and MailPrime Minister Carney announces the Canada Strong Fund – Canada’s first sovereign wealth fund&n.... More »
Gardiner Expressway repairs 'months ahead of schedule' as crews begin next stage of project Apr 26th
The province says its $73 million investment last July has helped speed up repairs on the roadway..... More »
Federal Reserve cuts US growth forecast as Trump tariff fears increase BBC.comFed holds interest rates steady, still sees two cuts coming this year CNBCFederal Reserve cuts US economic growth outlook amid Trump tariffs The GuardianMarket Factors: Why the Federal Reserve won’t come to the stock market’s rescue The Globe and MailU.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged BNN Bloomberg
It can be quite the adventure to manage a power of attorney (POA) for property and financial matters. In Canada, POAs for property are responsible for a wide range of tasks, from paying bills and managing investments to handling real estate transactions. And, there is of course ensuring remaining financial affairs are in order. The role requires attention to detail, organization and a good understanding of the person’s wishes. While it can be a lot of work, it’s also an opportunity to provide invaluable support to a loved one. And, sometimes it can make sense to hire someone.
Let’s break down what you need to know before taking on the role, the important conversations you should have beforehand, and how to manage the responsibilities if they start to feel like too much. Whether you’re thinking about becoming a POA or you already are one, here are my practical tips to help make the process a bit smoother and more manageable.
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