Are you giving your children an allowance?

Should an allowance be tied to chores? How much is appropriate? Explore different approaches that can help teach your children about money. Then choose what works best for your family....

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How to minimize the tax payable by your estate

Canada does not have an estate or inheritance tax, but your estate assets are still subject to income and capital gains tax. Learn strategies, such as spousal rollovers and gifting to adult children, to reduce your estate’s tax liability....

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Be wary of lifestyle creep

When your income increases, it’s normal to upgrade your lifestyle. The problem starts when you spend all your extra income, leaving you no further ahead on your financial goals....

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Who will manage your finances if you cannot?

A power of attorney document (mandate in Quebec) ensures someone you trust will handle your financial affairs if you suffer a cognitive impairment. It’s a crucial step for every adult, regardless of age....

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A “beneficiary lottery” is what happens when you leave an inheritance to chance

Learn why the order of deaths in a couple may mean some beneficiaries get a windfall while others are left out in the cold....

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The importance of having a professionally drafted will

Discover why everyone should have a valid will that is prepared by a legal professional....

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FIRE versus YOLO

FIRE (financial independence, retire early) tells you to save, and YOLO (you only live once) asks you to spend. They just might get you thinking about your own saving or spending habits....

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When is your financial independence day?

Determining the day you’ll retire is likely one of the most important decisions you’ll ever make. Fortunately, you just need to do the dreaming—we’ll do the math....

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Understanding the three phases of retirement

It’s common to think of your desired retirement income as a regular annual amount, but that won’t necessarily be the case. Find out about go-go, slow-go and no-go....

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The importance of including your pets in your estate and incapacity planning

Estate plans should cover pets too. Learn how to protect your pet’s future if you become unable to care for them....

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