Mortgage Insurance vs. Life Insurance: Which is the better option
With summer in full swing, and the real estate market at a peak of activity, Canadians are qualifying for mortgages in droves. If you get a mortgage, you’ll want to protect yourself with insurance – either mortgage life insurance or personal life insurance. But which is the better option? Although mortgage life insurance might seem […]
Maximizing Your Wealth: Tailored Investment Solutions for Your Financial Goals
As a Dental Professional, you spend countless hours studying, practicing, and utilizing your knowledge and unique skill set to give you the opportunity to earn a healthy income. It’s important for you and your family to have a tailored wealth management solution in which you have the utmost conviction, to grow, protect, and enjoy your […]
Higher for Longer: Adjusting your Portfolio for a Higher Interest Rate World
“We’re in a transition period to a world where interest rates are going to be higher than what many people have gotten used to.” Governor of the Bank of Canada, Tiff Macklem. May 18th, 2023 As we move into a new normal of higher interest rates, a much different economy from the one we experienced […]
FHSA – First Home Savings Account
Rapidly rising home prices and higher interest rates have made it increasingly difficult for Canadians to save for a down payment on their first home. Effective April 1, 2023, the government of Canada officially approved the First Home Savings Account (FHSA) to help alleviate some of these difficulties, and financial institutions are working towards making […]
RRSP or TFSA – which one is right for me?
Save taxes using Canada’s array of Registered Investment Accounts A registered account is an investment account with preferred tax status from the Canadian government. The most common Registered accounts are: RRSP- Registered Retirement Savings Plan TFSA- Tax-Free Savings Account RESP- Registered Education Savings Plan RDSP – Registered Disability Savings Plan RRIF- Registered Retirement Income Fund […]