It’s not easy getting your teen interested in the idea of investing in their future. Most teens have a shorter attention span and are rarely focused on long-term goals — they’re thinking about the present. This can make it somewhat difficult to explain the benefits of saving, especially if most of the financial terms go […]
Protecting your wealth is arguably more important than growing it. Even if you make smart investment decisions, pay yourself first, and put some money away for your retirement, there are still a number of common investing mistakes that could drain your finances dry. Don’t waste your hard-earned money on poor financial decisions — be prepared […]
Do you know how much you need to save for retirement? Most people don’t. Fortunately, there are a few questions you can ask yourself to determine what retirement savings goals you need to implement today to have a brighter future tomorrow. Don’t worry if you’re far from ready; we’ll also explain what you can do […]
There’s one thing that you can’t avoid no matter how hard you try, and that’s taxes. Tax adherence is a responsibility of every Canadian citizen, no matter how much money you make or what type of work you do. While you can never escape taxes entirely, you can take advantage of methods made to minimize […]
As you enter your “golden” years, the reality is that it can often be too late to protect your family from unforeseen events as you continue to age. That’s why you need to start planning now for your financial future. If the idea of long-term care is making you lose sleep, it’s time to settle […]
Change is inevitable. Even when you try to avoid it, there will always be unforeseen challenges and less than perfect conditions thrown your way. However, you shouldn’t fear these situations; significant life changes can be beneficial for you in many ways. The life lessons you learn during these difficult times can help you to be […]
Every investment has risks. If you put your money into individual securities, your risk lies solely with that company and how they perform in the market. When you purchase a mutual fund, your money is spread across a number of individual securities, and the performance will be the result of the whole. To give you […]
Looking to change your fiscal year’s end date to another time of the year? Choosing your year-end date can have strategic tax advantages, as well as operational advantages. And technically, you can change it to any date on the calendar, as long as it meets the Canada Revenue Agency’s (CRA) requirements. To learn more about […]
Are you considering downsizing your business but are afraid it may lead to poor results, slower growth, or other negative consequences? You shouldn’t worry – it may actually be a better idea than you had imagined. Here are just a few of the reasons why downsizing isn’t always a bad option. Reduce Debts Bad management […]
We all have things we’d like to save for – whether it’s an addition to the home, a retirement plan, or post-secondary education for the kids. Reaching these goals can be a complicated and challenging process. Often, we get a little off track with our savings and need some help to get them back under […]
*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.