If you apply on your 60th birthday, you’ll get about 36% less of the age 65 monthly pension. But, if you wait until you’re 70, you’ll get about 42% more. Should you hold out for the higher income, or start early?   Start early and you’re sure to get it. If you wait, and die […]

With Canada and many other countries practicing physical distancing or participating in complete lockdowns because of the COVID-19 virus, thoughts are turning to what the world may look like after the restrictions have been lifted.   Many people are expressing a desire for life to return to how it was before the arrival of this […]

Warren Buffett has a classic rule when it comes to market volatility:   “Be fearful when others are greedy and greedy when others are fearful”.   Investor anxiety normally tends to rise in step with market volatility because most people are concerned about trying to pick the best time to buy or sell. For instance, […]

Ottawa dropped Estate Taxes over forty years ago. All the provinces did away with Succession Duties by 1985. We thought that was the end of taxes arising at death. We were wrong.   Ask yourself these questions:     If you answered ‘yes’ to any of these questions, you may be hit with death taxes, […]

The recent market turmoil triggered by the COVID-19 virus (and its possible impact on economic activity) brings to mind some observations by legendary investor Warren Buffett. During his years of investing, he has famously stated that in the short-run (days, weeks, and months) the investment markets are a voting machine. People buy and sell investments […]

Before a sky scraper can reach for the clouds, it needs a very strong foundation. Once the building is complete, the foundation is virtually unseen. The same goes for a financial strategy. The following are the basics of a strong financial foundation:   Budget – Governments and businesses use budgets to properly allocate resources. It’s […]