Are you losing money on investments because of sudden decisions you make? If you’re an impulsive investor, a mistake in timing can destroy your nest egg. That’s why it’s crucial to leave emotions out of your investment process. To help master your feelings when it comes to your assets, here are some tips to remember. […]
Many baby boomers that have created their wealth are facing complex decisions regarding passing on money to their children. There has been a growing concern with how their children might mismanage their wealth, along with the legacy that they have so carefully created. And even so, most parents have not included their children in any […]
As a parent in modern society, it can be difficult to make ends meet given how low the Canadian dollar is and the multitude of expenses related to raising a child. However, there are several ways to minimize tax deductions and make life easier for yourself, your spouse, and your children. Here’s how to do […]
Since its inception in 2007, pension splitting has enabled taxpayers in a common-law relationship or marriage to split eligible pension income with a spouse, provided they meet all requirements. A useful way of saving on taxes and mitigating credit erosion, pension splitting allows for couples to work together to create a more sound and secure […]
Many business owners are unsure of whether to opt for salary-based earnings or payments in dividends. There are various advantages and disadvantages between the two, and it is important to research whether or not one of these options is suitable for your business. By comparing salaries and dividends, we can clarify the differences between the […]
When you and your spouse decide to start a family together, you have to make an important decision together: will both parents return to work, or will one remain as a stay-at-home parent? While there is no right or wrong answer, it is crucial that you first weigh whether or not it is suitable from […]
Canadians are living longer than they ever have before. This is great news, of course, but it does make it hard to plan out your retirement. How many years will you need to save for? To alleviate some of your doubts about how much you need to save, you can create a retirement income floor. […]
Purchasing travel insurance is a great idea because it reduces the financial risks of traveling. Potential issues like accidents, missed flights, lost baggage, illness, and theft can be mitigated with the right insurance plan. We have provided eight tips to help you choose the right travel insurance for you and your family: Activity Exclusions Make […]
*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.