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Toys 'R' Us Canada files for creditor protection - CBC Feb 4th
Toys 'R' Us Canada files for creditor protection CBCToronto Toys “R” Us closure highlights Canada’s shrinking big-box toy retail scene NOW TorontoToys “R” Us Canada facing another lawsuit from landlord claiming it’s owed rent - Toronto Global NewsTOYS "R".... More »
AI-fuelled scams on the rise as holiday shopping begins Nov 18th
As the holiday shopping season approaches, one expert says there are some scam trends emerging that consumers need to watch out for. Larry Zelvin, the head of the financial crimes unit at BMO Financial Group, said new technologies like artificial intelligence are making fraud harder to detect. “T.... More »
Stock news for investors: BlackBerry reports Q2 profit growth while Air Canada slashes guidance post-strike + MORE Sep 26th
Here’s a round-up of news for Canadian investors this week.
BlackBerry Ltd.
Air Canada
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EQ Bank
Build your retirement savings with 1.50% interest, t.... More »
Ontario takes control of real estate regulator - CBC Nov 28th
Ontario takes control of real estate regulator CBC‘Decisive action is required:’ Ontario moves to take over real estate regulator CP24Ford government to take control of Ontario’s real estate regulator Monday, assumes all powers of board Toronto StarOntario appo.... More »
Helping your kids buy their first home: Smart strategies for today’s market + MORE Mar 5th
With housing prices close to record highs, many young adults worry that homeownership is no longer a realistic goal. But with smart planning, education, and creative strategies, buying that first home is still possible. As parents (or grandparents), we can empower our kids by teaching them strong fi.... 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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