Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. People with similar incomes often have different spending and lifestyle habits. …
Investment fraud is a growing crisis in Canada, with victims losing hundreds of millions of dollars annually. Today’s scammers use increasingly sophisticated methods, utilizing artificial intelligence and fake online dashboards to create an illusion of legitimacy. Often, these schemes don’t …
An Etobicoke, Ontario woman, Colleen McMichael, lost nearly $50,000 in a door-to-door roofing scam. The ordeal began in late January when two men offered to clear ice and snow from her eavestroughs for $50. After briefly going onto her roof, …
Randy worked for a small business. When the owner died suddenly, the business accounts were frozen and it took several weeks before they could be accessed to meet payroll. Randy had trouble meeting his financial obligations and had to find …
Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities. Roger makes occasional donations to various charities. His donations are rather small and …
Most Canadians want to pass their life savings on to their heirs. The assets remaining once retirement needs are met will be distributed more effectively if there is a properly prepared will detailing the deceased’s wishes. Many people mistakenly believe …