Category: Finance

Identity Theft: Is It Part Of Your Risk Management Plan?

warning signs

Identity theft is no longer if but when. What do you do when it happens to you? Identity Theft: What is it? Identity theft is much more than someone using your credit card number, hacking your Paypal account or bank account. Identity Theft is a major area that should be considered when you are addressing …

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Mortgage Rules in Canada Changing Again!

Mortgage, this word strikes fear in the hearts of Canadians! Do you understand how the upcoming changes will affect you? Mortgage Renewal In past, there wasn’t really much of an effect. It’s likely most institutions would consider you as a client without too much hassle. Not any more. Your mortgage provider may have a lock …

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Trump Effect on Markets, Money and the Economy

My Own Meeting

How will Trump affect the financial markets, money markets and the economy? Regardless of what you think of the man, he is already showing a positive effect on all of the above! I’ll admit to being a little lazy, this is from my Canadian perspective. For the most part, US markets and economy usually demonstrate …

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Mortgage Risk: Could you end up house poor?

Dream home

What is your mortgage risk? With such low interest rates these days, people may be buying into being house poor in the long term. Don’t risk being caught short. Mortgage Risk (Mortgage calculations tested using TD Bank online calculator) Shopping for a home and mortgage is almost like playing the stock market only it’s an …

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Mortgage Insurance: How much of a gambler are you?

House in hands.

Mortgage insurance is offered by most financial institutions every time you renew your mortgage. Many have no guarantee it will pay out until they do the under-writing after you die. How much of a gambler are you?  Mortgage Insurance v Life Insurance Mortgage Insurance When you apply for a mortgage, most financial institutions will ask if you …

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TFSA 2015: Will you double down?

money growing

TFSA contribution limits will double once the Canadian federal budget is passed. Will you double your money? I believe the Tax Free Savings Account is the most misunderstood opportunity to save taxes while saving money. TFSA 2015’s Are Not Just For The Rich Many times, I have heard people on the street say that only …

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What Does A Will Cost?

My last will...

A typical will may cost you a few hundred dollars. Not having a will could cost your family a lot more. Do you care enough to write your last love letter? Will Cost Your will and powers of attorney are your last chance to tell everyone what you want to happen with your possessions and money. …

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Financial Planning or Life Planning? Shouldn’t they go together?

Picture with quote.

Why isn’t financial planning part of our educational core curriculum?  I remember my children carrying an egg around in high school to try and teach the fragility of caring for a child.  Because my kids were in a Catholic high school, they were taught the basic tenets of our faith.  They were taught English, math …

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Don’t you love paying taxes?!

This time every year, we are focused on income tax.  Whether you are in Canada or the US, it is the season. The thing to appreciate is that if you have to pay taxes, that’s a good thing.  That means you made enough money for taxes to be a challenge.  The trick is to do …

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KYC – Finger Lickin Good!

No, it’s not about chicken! Knowing and understanding your clients’ needs is crucial to providing excellent customer service and increases your retention.  This applies to all businesses.  We sometimes forget that.  I’ll use finance to explain and wrap it up for you at the end. KYC = Know Your Client.  If you haven’t done one …

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