In the News
According to Statistics Canada, Canadians owe $1.78 in debt for every dollar of income. The good news is increased household debt has been slowing. The bad news? Income growth to pay down that debt has been sluggish. Online reporter Erica Alini gives us a road-map on how to prepare for what’s coming.
CPA Canada survey says majority of Canadians expect to spend less than $400 on hosting. It’s possible and the experts show us how.
Rules of thumb are intended as guidelines. They are not exact directions, but a rough estimate of what you might need. There are several rules of thumb in investing as well, which are often interpreted in multiple ways.
For high-net-worth individuals approaching retirement and concerned about outliving their money, any of these programs can do the job. A single strategic insight or two can easily recoup the modest fees charged.
What would it take for you to be “financially comfortable?” For many, the answer might be lower than they think.
For close to a decade, homeowners have enjoyed rock-bottom interest rates. However, that’s slowly changing. This week, the Bank of Canada raised its key rate by a quarter-point for the fifth time since July 2017, pushing up borrowing costs for consumers.
Rona Birenbaum wants you to be financially successful. Rona started out in the financial services industry at a time when sales commissions were huge and the focus was on making money for yourself, and not necessarily your clients.
Rona Birenbaum has reviewed plenty of portfolios during her career as a financial advisor, and there’s one issue that pops up time and time again: Canadians are too invested in the Canadian stock market. “In this day and age, for me to still see that, I can’t help but shake my head,” says the Toronto-based CFP with Caring for Clients.
Canadians are buying more vehicles than ever before: a record two million were sold last year alone, and this year is forecast to outpace that. With most borrowing money in order to make this purchase, longer and longer car loans are the new normal.
A Gap year needn’t create a gap in your line of credit.