Rubach Wealth Financial Blog

A Beginner’s Guide to Alternative Investments

A Beginner’s Guide to Alternative Investments

Alternatives are investment options beyond the typical stocks, bonds and cash found in most portfolios. They can be tangible assets like precious metals, or they could be financial assets like private equity or hedge funds. Alternatives tend to be riskier than...

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RRSPs and TFSAs: Which is Best for You?

RRSPs and TFSAs: Which is Best for You?

Registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) are tax-advantaged accounts that can help you boost your retirement savings. Both accounts are designed for long-term growth, but they differ in how your contributions are taxed and when...

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Automated Investing vs. Human Guidance

Automated Investing vs. Human Guidance

When you’re looking for help managing your investment portfolio, you have a decision to make: Should you work with a financial advisor or a robo-advisor? A financial advisor is a professional specializing in financial planning, wealth management and other personal...

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Using Your Bonus to Supercharge Your RRSP

Using Your Bonus to Supercharge Your RRSP

If you are fortunate enough to have kept your job throughout the pandemic and even received a bonus for 2020, count yourself lucky. After a year of being told all the things you can’t do, the impulse to take your bonus on a spending spree would be completely...

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Tips for a Successful RRSP Season in 2021

Tips for a Successful RRSP Season in 2021

Tips for a Successful RRSP Season in 2021 With RRSP season here once again, now is the time to give some extra thought to your retirement. Arguably, retirement planning can be stressful – especially as you draw closer to your retirement day – and the uncertainty of...

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Take Charge of Your Future with Financial Literacy

Take Charge of Your Future with Financial Literacy

Whatever your goals, dreams and challenges, financial literacy is a critical factor influencing what you can achieve in life. Why? Because financial literacy can help you make smart decisions today that will shape your life and the opportunities you enjoy for decades...

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4 Financial Lessons to Emerge Stronger from the Pandemic

4 Financial Lessons to Emerge Stronger from the Pandemic

It’s probably fair to say that most Canadians will be happy to bid farewell to 2020, and there are still three months to go until the end of the year. The pandemic has taken a heavy toll, from the loss of lives and jobs to the disruption of schooling and retirement....

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Love, Marriage and Life Insurance

Love, Marriage and Life Insurance

Marriage is the perfect time to start shopping for life insurance. Why? Because it’s when you start sharing your life – and your debt – with the one you love. Here’s why life insurance for married couples should go hand in hand with saying, "I do." A shared life means...

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Giving with confidence in the time of COVID-19

Giving with confidence in the time of COVID-19

Eliminating hunger and poverty. Curing diseases. Building a just society. These are just some of the big, audacious goals that charities are trying to tackle within Canada and around the world. These goals are lofty enough, then you throw in a global pandemic and this...

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5 Things to Consider Doing During Uncertain Economic Times

5 Things to Consider Doing During Uncertain Economic Times

Guest Contributor - Shawn Rosenzweig, CPA, CA, B.Sc. – Partner SBLR For business owners, the impacts of COVID-19 can be particularly difficult, and it becomes crucial to be proactive and respond rapidly. As SBLR works closely with a large number of business owners,...

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Tax Tips for Small Business Owners

Tax Tips for Small Business Owners

In Canada, corporations can play a key role in personal financial planning. In this article, we share tips for small business owners to make smart use of their corporation to optimize their tax bills. Paying yourself efficiently As a small business owner, how you...

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Tax Strategies for Challenging Times

Tax Strategies for Challenging Times

While various government programs have helped the country through these challenging times, this support has been incredibly expensive. Sooner or later, the government will need to take proactive steps to tackle an enormous deficit. Unfortunately, this...

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Estate Planning in an Uncertain World

Estate Planning in an Uncertain World

There is a common misconception that only wealthy individuals need to worry about estate planning. In reality, nearly everyone can benefit from having an estate plan. By planning for tomorrow today, you can retain more of your assets, protect your estate and leave a...

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6 Steps to Boost Your Financial Fitness

6 Steps to Boost Your Financial Fitness

With the sun shining and temperatures rising, there’s a lot of incentive to head outdoors, be active and boost your fitness. As we gradually emerge from the challenges of the past several months, this is also a great time to get financially fit. The pandemic has...

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Achieving Financial Confidence During Retirement

Achieving Financial Confidence During Retirement

Everyone has their own vision of an ideal retirement. For some, it means escaping winter for warm climates and playing as much golf as possible. For others, it’s all about time with grandchildren, volunteer work or pursuing favourite hobbies. One thing that no one...

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Smart Financial Planning for Business Owners

Smart Financial Planning for Business Owners

Being a business owner can be stressful at the best of times. Amid mandatory lockdowns, unpredictable stock markets and a widespread economic slowdown, the past few months have dialed up the pressure and uncertainty even more than usual. Every business owner has their...

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Simple Steps for Gaining Financial Confidence

Simple Steps for Gaining Financial Confidence

The pandemic has changed many things, not least of which is thrusting parents – especially mothers, it seems – into the role of homeschool support teacher. This is just one more responsibility being placed on the shoulders of working women who already had plenty to...

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Guiding Millennials to a Brighter Financial Future

Guiding Millennials to a Brighter Financial Future

Before the pandemic struck, Millennials were already facing financial challenges with steady work sometimes hard to come by and housing prices often out of reach. The current situation is adding to the complexity that those currently in their early 20s to late 30s are...

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Staying on Course by Getting Back to Basics

Staying on Course by Getting Back to Basics

It feels like time has turned upside down during the pandemic. Working from home has disrupted our schedules, and the intense news cycle has us living our lives one day at a time. It’s hard to believe how much and how quickly things have changed since Canada went into...

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How can we use this crisis as an opportunity to grow stronger?

How can we use this crisis as an opportunity to grow stronger?

If you’re like me, the days are definitely blurring one into the next. I certainly recognize that the current stay-at-home measures are in place for good reason, and my heart goes out to all the people struggling with the medical, financial and emotional toll this...

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Finding motivation in a world turned upside down

Finding motivation in a world turned upside down

When you read the endless negative news these days, it can make you want to crawl under your blanket and wait out the craziness. But that's not who I am. Entrepreneurs sign up for uncertainty from the get-go. While no one wants the current situation, it’s here and we...

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5 ways to strengthen your business during market volatility

Small business owners are often reluctant to spend money or make changes during an economic downturn. However, downturns can be an ideal time to invest in your business and improve day-to-day operations in ways that will have lasting effects. Every market downturn...

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Women, Wealth and True Empowerment

Women, Wealth and True Empowerment

If you’re a woman, you should do something this Sunday you may have never done. It will save you untold dollars. It will cost you a coffee. You should sit down with your partner (male or female) and “have the talk” – the talk about money. After all, Sunday is...

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Moving mountains together: An opportunity for impact

Moving mountains together: An opportunity for impact

Eliminating hunger and poverty. Curing diseases. Building a just society. These are just some of the big, audacious goals that charities are trying to tackle within Canada and around the world. But much like gazing up from the base of a mountain and imagining the...

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Filling the social deficit: A role for everyone

Filling the social deficit: A role for everyone

In Canada, we are fortunate to have a robust system of social good services and supports. Options for everything from mental health counseling and immigrant settlement services to sporting programs and cultural initiatives are available across the country. However,...

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Giving with confidence: A happy dilemma

Giving with confidence: A happy dilemma

When it comes to charitable giving, many Canadians face a dilemma: deciding how much they can afford to give and deciding where their charitable dollars will have the greatest impact. Fortunately, we see this as a happy dilemma. After all,...

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Protecting your biggest asset

Protecting your biggest asset

We all know that life is priceless, but what are you worth in dollar terms? Can you come up with a figure, even if it’s only an estimate? Of course, this will vary enormously from one person to the next. In general, however, the younger you are, the lower your...

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3 keys to financial planning for the sandwich generation

3 keys to financial planning for the sandwich generation

Despite our enormous diversity, there are some commonalities found in families across Canada, including ups and downs, petty squabbles and unconditional love. For Canadians in the sandwich generation – those with both children and living parents – there’s an added...

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How Life Insurance Fits Into Your Overall Financial Plan

How Life Insurance Fits Into Your Overall Financial Plan

What comes to mind when you hear “life insurance”? A monetary gift for your children? An old-fashioned financial tool? An unnecessary expense? Life insurance is many things, including misunderstood. Many people have only a vague idea – and sometimes significant...

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Oh what a night! Fashion Heals for SickKids turns 5

Oh what a night! Fashion Heals for SickKids turns 5

As the week winds down, I’m taking a moment to reflect on what just happened: Fashion Heals celebrated its fifth edition! About 5+ years ago, Nat Korol and I had the idea to find a fun, interesting way to make a difference, and we decided to focus our efforts on...

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3 ways to shift the conversation about women and finances

3 ways to shift the conversation about women and finances

The topic of women and finances is complex. From the gender pay gap to the traditionally male-dominated financial industry to the cultural cues painting money as a masculine topic, there are many factors that have negatively impacted women’s relationship with money on...

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Boosting financial literacy among Canadian Millennials

Boosting financial literacy among Canadian Millennials

In mid-2019, the total debt held by Millennials in Canada climbed above half a trillion dollars to $515.9 billion, up 12.3% from mid-2018 according to a recent TransUnion report. Aside from being a huge number, this figure – and the rapid year-on-year increase – is...

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5 powerful financial planning tools for business owners

5 powerful financial planning tools for business owners

Thousands of Canadians use private corporations to run businesses, manage family finances or operate professional practices as doctors, lawyers or accountants. However, many of these business owners are missing out on opportunities to optimize their finances. In this...

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A bright idea for funding post-secondary education

A bright idea for funding post-secondary education

With summer winding down and a new school year starting up, September marks an important turning point in the year for many Canadians – especially us parents. If you are a parent of a school-age child, something that may be on your mind these days is the cost of...

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You are not the client*: How we help you help others

You are not the client*: How we help you help others

As far as taglines go, “You are not the client*” may seem an unusual message. Yet, if the new Rubach Wealth tagline makes you pause to ponder its meaning, then it’s doing its job. When we introduced this new tagline as part of a recent rebranding effort, we hoped it...

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Oh Baby! A Financial Guide for New Parents in Canada

Oh Baby! A Financial Guide for New Parents in Canada

When I had my first baby in 2007, I was overwhelmed with joy, lack of sleep, and many wonderful gifts from family and friends. It’s a time I look back on with both awe and fondness as for me nothing compares to the wonderful journey of having a baby. At the time, I received

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Confidence in your golden years: Financial planning at 60+

Confidence in your golden years: Financial planning at 60+

While your work life may start to wind down once you hit 60+, your need for sound financial planning does not. To live your golden years with confidence, you need to know that your finances are optimized to ensure you can continue to enjoy life to the fullest.

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When your love lives on: Growing your legacy

When your love lives on: Growing your legacy

Dying happens in the physical, but part of you lives on beyond this through the lives you touch and the impact you have on the community around you. This is your legacy. Through smart planning and strategic allocation of your resources, you can ensure that both your...

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From impactful career to meaningful retirement

From impactful career to meaningful retirement

Walk into any boardroom or law office, any university or hospital, and you’ll find them: women at the top of their game as they lead teams, build businesses and shape Canadian society. For women currently in their 50s and 60s who are enjoying great career success,...

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Gaining clarity: Mindful financial planning for women

Gaining clarity: Mindful financial planning for women

Financial planning is not a female issue or male issue – it’s important for everyone trying to build a successful, financially secure future. Nonetheless, navigating the world of personal finance is a challenge for many Canadian women, and that puts their prospects...

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Transforming your year-end bonus into a lifetime bounty

Transforming your year-end bonus into a lifetime bounty

December is here and there is so much to enjoy: holiday parties, extra time with family and friends, and – if you’re lucky – a year-end bonus. Once the cheque (or more likely, the direct deposit) rolls in, how you spend your bonus is as limitless as the world of...

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Your money, your life: Smart finances in your 50s

Your money, your life: Smart finances in your 50s

From attending parties to raising kids to running a business, life is busy. Amid the joys and stresses of daily life, staying on top of your finances can be a challenge, let alone finding time to plan for the long term. And even if you had the time, how are you...

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Your money, your life: Smart finances in your 40s

Your money, your life: Smart finances in your 40s

From attending parties to raising kids to running a business, life is busy. Amid the joys and stresses of daily life, staying on top of your finances can be a challenge, let alone finding time to plan for the long term. And even if you had the time, how are you...

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Your money, your life: Smart finances in your 30s

Your money, your life: Smart finances in your 30s

From attending parties to raising kids to running a business, life is busy. Amid the joys and stresses of daily life, staying on top of your finances can be a challenge, let alone finding time to plan for the long term. And even if you had the time, how are you...

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Rising above interest rate hikes

Rising above interest rate hikes

Interest rates continue to rise in Canada. When the Bank of Canada (BoC) increased its overnight rate to 1.75% in October 2018, it marked the fifth quarter-point increase since July 2017. From a historical perspective, the current rate is considered quite low – the...

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Your Money, Your Life: Smart Finances In Your 20’s

Your Money, Your Life: Smart Finances In Your 20’s

From attending parties to raising kids to running a business, life is busy. Amid the joys and stresses of daily life, staying on top of your finances can be a challenge, let alone finding time to plan for the long term. And even if you had

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What’s your Family Financial Philosophy?

What’s your Family Financial Philosophy?

Some of the most important events and decisions in life can be incredibly joyful and terrifying at the same time, such as having a child, buying a home and starting a business. Deciding how to use your wealth to build a legacy – both during and beyond your lifetime –...

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Less tax, more benefits: Four strategies for tax minimization

Less tax, more benefits: Four strategies for tax minimization

Taxes may be inevitable, but that doesn’t mean you should give up without a fight. If you have a private corporation, there are options available to help you reduce your tax bill and hang onto more of your hard-earned income. Here are four strategies for minimizing...

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What’s your Family Financial Philosophy?

What’s your Family Financial Philosophy?

Some of the most important events and decisions in life can be incredibly joyful and terrifying at the same time, such as having a child, buying a home and starting a business. Deciding how to use your wealth to build a legacy – both during and beyond your lifetime –...

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Asking the big questions to focus on the big picture

Asking the big questions to focus on the big picture

A new year has begun, and just like every year, 2018 will have its share of ups, downs and surprises. When it comes to managing your wealth, the focus is often on long-term planning to protect against short-term blips and keep you moving forward toward your goal. But

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PRESERVING YOUR WEALTH with corporate-owned life insurance

PRESERVING YOUR WEALTH with corporate-owned life insurance

The Liberal government’s proposed changes to Canada’s tax laws related to private corporations have been a hot topic for the past several months. While the government has made some amendments to its proposed changes following the conclusion of the 75-day consultation...

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Before you get genetic testing

The huge leaps that science has made in the last decade are amazing and undeniable.  In this particular instance, I'm referring to genetics and genetic research.  Not too long ago, people who wanted to get a genetic test done had to pay thousands of...

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Passing on the family cottage

Passing on the family cottage

For countless Canadians, the cottage has a special place in our heart. It’s the patter of little feet and the joyous splash of our kids running along the dock and plunging into the lake. It’s the cozy afternoon of hot chocolate and

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Waking up to tax-efficient estate planning

Waking up to tax-efficient estate planning

We get it: if we try to tell you about the merits of the capital dividend account, you’ll likely be asleep or hitting “close” before we can start our second sentence. So instead, let’s talk about sheltering your investments from taxes. Let’s talk about building your...

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An honest look at your financial affairs

An honest look at your financial affairs

It’s February and for many it’s time for some honest self-reflection. Do you consider yourself generally successful in your career? Do you lead a busy life? Do you ever worry about whether your financial affairs are all in order? Are you unsure what kind of insurance...

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How to safeguard your business interests

How to safeguard your business interests

As a business owner, it is important to plan for significant life events and their affect on your operations, before they happen. Knowing what happens if one of the partners passes and diligently protecting the business and its value (and therefore the family) is the...

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Have you thought about your legacy?

Have you thought about your legacy?

  Go ahead and celebrate it: you’re a successful woman! Your hard work and good fortune enable you to start thinking about giving back to your community, so now the big question is how to go about doing this. When you reach the point of sharing your wealth, it...

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Protecting Your Wishes with a Will

Protecting Your Wishes with a Will

Planning for your own death is a difficult concept to embrace. No wonder we often choose to avoid thinking about how our loved ones will be affected when we die. However, in doing so we tend to ignore important issues such as the support of a surviving spouse, the...

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A bright idea for funding post-secondary education

A bright idea for funding post-secondary education

With a new school year starting up, September marks an important turning point in the year for many Canadians – especially us parents. If you are a parent of a school-age child, something that may be on your mind these days is the cost of post-secondary education....

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How to keep more of your money by beating taxes

How to keep more of your money by beating taxes

If you live in Ontario, chances are a big portion of your money goes to tax. In fact, if you are a high-income employee with a salary of over $220,000, you are paying a marginal tax rate of 53.5%. The government, split between the provincial and federal bodies, takes...

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Using an Estate Freeze to Protect Your Assets

Using an Estate Freeze to Protect Your Assets

If you were to die yesterday, what would happen to your assets? If you’re unsure of the answer to that question, you are not alone. Most Canadians are aware that they need a will with clear direction on where their assets should go upon death. But how to maximize the...

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What bank is your mortgage better off with?

What bank is your mortgage better off with?

"Am I better off with a big bank for my mortgage?"  This is a question that is frequently asked by property buyers when it comes to choosing a mortgage lender. The answer, however, is very subjective as things like mortgage servicing, access to products and penalty...

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Retirement Income Options You Haven’t Considered

Retirement Income Options You Haven’t Considered

Retirement income planning is a complicated, personal process. Many baby boomers set to retire in the upcoming years may be concerned about what their retirement income will look like. Saving into your RRSP and through an employee retirement plan offers some...

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Challenges with the New Ontario Retirement Pension Plan

Challenges with the New Ontario Retirement Pension Plan

Three years after it was first announced, the Ontario Retirement Pension Plan (ORPP) is starting to take shape.  Despite opposition from political opponents and many in the business community, Premier Kathleen Wynne is pushing ahead to meet her government's timeline...

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Tips for a Successful RRSP Season in 2016

Tips for a Successful RRSP Season in 2016

Retirement planning, especially as you're getting closer to it, may be stressful. This RRSP season, you may be  finding yourself thinking about unknown expenses that may occur in the future, how to maintain your lifestyle during retirement, and trying to ensure...

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Importance of Life Insurance in Family Law

Importance of Life Insurance in Family Law

Families typically consider life insurance policies as a forward looking estate planning tool, which it certainly is. However, in case of the unfortunate life event such as a separation or divorce, life insurance can also play a vital role from a context of family...

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Why Should You Care About Financial Literacy Month

Why Should You Care About Financial Literacy Month

November is Financial Literacy Month in Canada. What does it mean to a successful professional like yourself? In a nutshell, it means that you're fully aware of your financial standing:  know your net worth, how to reach your financial and personal goals. [tweet_box...

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Take the Stress Out of Estate Planning with Reliable Advice

Take the Stress Out of Estate Planning with Reliable Advice

Sound estate planning should be a team effort between legal, accounting, financial and insurance professionals working together towards one cause: to optimize an estate plan that will support and meet your personal and/or familial goals and objectives.  In case of...

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Medical Practice Incorporation Fundamentals for New Doctors

Medical Practice Incorporation Fundamentals for New Doctors

Young doctors often face the incorporation question early in their careers, hearing varying opinions about the ‘right’ time to incorporate. We're enthusiastic to have Oscar Torres, chartered accountant with Bateman MacKay, discussing the benefits and drawbacks of...

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7 Insider Tips from a Mortgage Broker You Need to Read

7 Insider Tips from a Mortgage Broker You Need to Read

You're buying your first home, refinancing or getting a second mortgage. Do you know what a mortgage broker does and how s/he can help you? More often than not, people don't know or fully understand, the value of an agent. In short, a mortgage broker shops the market...

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How to Calculate Basic Life Insurance Need

How to Calculate Basic Life Insurance Need

Truth is, basic life insurance need varies greatly depending on many factors and for such reason, consider speaking with an insurance professional but we’ll review a few basics for you to start thinking about. For individuals, a good rule of thumb for to calculate...

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Financial Advice for First Time Parents

Financial Advice for First Time Parents

When I had my first baby, I was overwhelmed… with joy, many wonderful gifts from family and friends as well as lack of sleep. With all honesty, it’s a time I look back on and admire as nothing else compares to the wonderful journey of having a baby. Part of becoming a...

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Financial Calculators for Canadians To Bookmark

Financial Calculators for Canadians To Bookmark

Maybe you already know or could easily figure out how to calculate your net worth, your personal tax rate, or your retirement savings needs. But, how often should you do so, or is there anything else you can gauge about your financial situation while you’re already...

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