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Q. I am an only child but my dad is very quiet on estate planning . I am unsure what to do at this point. I’m 40 years old and my dad is 67 years old. He owns a home, a boat, three cars and a cat. He is still working as a labour foreman […]
Dad won’t talk about estate planning. How can I avoid being blindsided? Read More »
By their mid-twenties, many young adults are eager for independence, but the realities of an uncertain job market, high housing costs, daily expenses and student debt mean the transition to full financial independence is taking longer than it once did. For parents, this stage often brings a mix of pride, concern and practical questions. Still,
When helping a young adult out with the rent can do more harm than good Read More »
Kate Ashford, WMS™ writes for NerdWallet. Email: [email protected]. Twitter: @kateashford. The article If the USPS Runs Out of Money, Will You Still Get Mail? originally appeared on NerdWallet. https://www.nerdwallet.com/finance/learn/usps-out-of-money #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest
If the USPS Runs Out of Money, Will You Still Get Mail? Read More »
Anthony*, 62, and Chelsea, 61, have been enjoying retirement in Ontario for the past decade or so. Their biggest concern is ensuring the financial stability of their youngest child after they are gone. He has a developmental disability and is not able to manage his own finances. To this end, their child receives Ontario disability
How can an Ontario couple ensure their disabled son is taken care of after they die? Read More »
In my early days as an adviser , I worked with a client who had spent more than four decades in a demanding professional role, often working long weeks. His financial plan worked exactly as expected when he finally retired, but what surprised him was everything else. Without meetings, deadlines or colleagues, his days suddenly
From retirement to rewirement: Why working past the age of 65 is becoming normal Read More »
Despite a trade war and other geopolitical tensions, as well as the ongoing mortgage renewal wave, the majority of Canadian homeowners are still meeting their monthly mortgage payments, according to a new poll. About 83 per cent of Canadian homeowners say they have never missed a mortgage payment, according to a survey from brokerage True
Despite growing financial pressures, Canadians are still reliably paying their mortgages Read More »
Courtney Neidel writes for NerdWallet. Email: [email protected]. Twitter: @CourtneyNerd. The article Live Updates: Amazon’s Big Spring Sale 2026 Deals originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/amazon-big-spring-sale #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances
Live Updates: Amazon’s Big Spring Sale 2026 Deals Read More »
There is a time to throw in the towel on any investment and that moment may be coming for some homeowners and condo investors. Bankruptcy is still an ugly word in our society, and many will fight tooth and nail to avoid it, but it is becoming a viable financial option today if your real
Garry Marr: Why it could be the right time to walk away from your real estate Read More »
Tax filing season officially began just over three weeks ago, and according to the latest individual income tax return statistics for the 2026 tax-filing season, as of March 15 the Canada Revenue Agency has received 5.5 million returns , nearly all of which (96 per cent) were filed electronically. Of the returns processed by the
Let me tell you a story about a bad airline experience . Maybe you can relate directly as, unfortunately, I think many of you can. I won’t name the airline , but a few months ago, I was going on a four-day trip to Mexico with my son. As we approached the gates for a
Q. I am a single 61-year-old and my concern for my nest egg is simply maintaining the capital. I’m not optimistic about the world economies and wonder if Treasury bills or guaranteed investment certificates (GICs) are enough of an investment to simply keep my principal intact over the next few years. I make about $60,000
Are GICs enough to keep Silvia’s nest egg going? Read More »
Canadians continue to run into trouble with their tax-free savings accounts ( TFSAs ), as evidenced by the steady flow of e-mails I get from readers complaining about being charged overcontribution tax by the Canada Revenue Agency for situations often beyond their control. For example, just this week, a reader wrote to me about the
CRA refused to cancel TFSA overcontribution tax Read More »
Now that both of their children have started their careers, are married and purchased their first homes, Timothy,* 57, and Margaret, 53, are ready to retire. Ideally, they both want to leave the workforce in two years when Timothy can retire with his full defined-benefit pension after 30 years of work. “We’ve helped the kids
Should couple in their 50s who want to retire tap into RRSPs or apply for CPP? Read More »
I used to impose what my kids jokingly called the “Dad tax” when they were younger. If we went out for dinner and they ordered something that looked particularly appealing, I would demand a small sample as my tax for paying the bill. Over time, they figured out how to avoid the tax by ordering
Fifth anniversaries are traditionally celebrated with wood, but five years after mortgage rates hit an all-time low, some homeowners are probably wishing for stone, with a rate etched in it. About a million Canadians got the rate of a lifetime on a mortgage in 2021, but today find themselves married to homes that will cost
Tax season is in full swing, and we know you have questions. That’s why our expert tax columnist, CIBC’s Jamie Golombek , is answering Financial Post readers’ questions during this live chat, hosted by FP’s Larysa Harapyn. Leave your questions in the comments below (they won’t show up as we are moderating them) or email
Livestream Q&A: Jamie Golombek answers your tax questions Read More »
The mortgage renewal wave that has long loomed over pandemic buyers who purchased homes at rock-bottom rates may finally be coming to an end, according to a Wednesday report from Toronto-Dominion Bank. “Canadian households are approaching the turning point where the shock is behind them,” TD economist Maria Solovieva wrote in the report. “The hill
Mortgage renewal headwinds near a ‘turning point’ for pandemic buyers, report says Read More »
By Brian Cox Women are more likely than men to be appointed to positions of trust for tasks such as administering estates and making important decisions on behalf of someone who has become incapacitated, but they’re often not named as a beneficiary in the related will , says a new study by Willful. Erin Bury,
Crisis-managing Canadian women often left out of people’s wills Read More »
I was frustrated a number of years ago when I was leading our firm. We were very busy, we had too many “good ideas” and our capital — financial and human — was spread thin across too many projects. Output wasn’t matching effort. But our productivity improved almost immediately when we cut the noise and
One tax change that could improve Canada’s productivity and benefit all Read More »
As you start to organize your tax slips, receipts and other tax information to begin preparing your 2025 personal tax return , you’ll want to ensure you have all the details of any foreign property you held last year. The prompt to report ownership of foreign property appears right on page two of the 2025
Taxpayer got no relief from court after CRA penalties on late filing of foreign holdings Read More »