Negotiating your first mortgage? Check out these tips

Five things you need to know about your workplace insurance program

In an age of disappearing benefits, there’s something to be said for a job that still includes insurance coverage. But should you be depending on that coverage for all your insurance needs? The answer is no, according to Vancouver-based certified financial planner Clay Gillespie. That’s not to say you should be declining your coverage at […]

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RDSP: How do you get your money out?

When you take money out of your RDSP, you can use it for anything that you want.  But…there are a couple of very important things you need to remember! If you receive a federal government grant or bond, there is a “holdback period” of 10 years from the year of the last federal contribution. Note […]

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The long-term care decision

Q – I’ve been looking into long-term care options for my elderly mother who is no longer really able to look after herself. Fortunately, she has the financial resources necessary to cover an assisted-living residence, which can run to $5,000 per month or more. But now I’m wondering about my own situation. I’m nearing retirement […]

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How to score the best deal on your mortgage

Sean Morphy and his wife got a very competitive mortgage rate when they made the jump to home ownership a little over a year ago but it took a long-term relationship with a mortgage professional to get them there. “Our advisor was a family friend so we trusted him,” says Morphy. “He was able to […]

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Caring for a special needs child

Financial tips to help you better care for your dependent child As a mother, you have an endless list of concerns for your children. As the mother of a special needs child, this list becomes exponentially longer. While the take-it-one-day-at-a-time approach may make sense for some aspects of your family life, it can be a […]

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Audit Defence – Hire a Tax Pro

You haven’t done your taxes for a year or two or more – yikes – now what? Bottom line: get on it, quickly, and more important, start a relationship with a qualified tax professional who has taken a recent audit defense course. While I am a big fan of tax software, representing you to CRA […]

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RRSP saving: Start early. Make a plan. Stick to it.

(Photos.com) As Canadians head into RRSP season this year, experts say it is all about having a plan and sticking to it. Mike Henry, a senior vice-president at Bank of Nova Scotia, said there are not enough Canadians with a written financial plan. A poll done for Scotiabank suggested that 39 per cent of Canadians […]

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Are you really covered? An insurance overview

What you need to know to ensure you’re adequately covered Was the news that there is “no overland flooding insurance coverage in Canada” news to you? It was certainly a surprise to many Alberta homeowners who had property damaged by the destructive floods of last summer. We dutifully pay the monthly premiums for a variety […]

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How to Massively Reduce Your Housing Costs Before Retirement

Entering retirement without a mortgage can help you manage costs. By Harriet Edleson If you want to shrink your cost of living as you head toward retirement, finding ways to spend less on housing could be your single best strategy. And if you’re in your 50s, it’s an ideal time to strategize about the next […]

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