Tax-Free Savings Account (TFSA) Update for 2023 

Tax Free Update for 2023

Key Items:   Resource: Tax-Free Savings Account Guide for Individuals TFSA Summary A Tax-Free Savings Account (TFSA) is a type of savings account that has been available to Canadian residents over the age of 18 since 2009. Contributions to a TFSA are not tax deductible, but any income earned within the account is tax-free.  You […]

How Do You Develop a Diversified Portfolio? 

diversified portfolio discussed

A common question people have when we initially meet is, “How do you develop an investment portfolio?” Many people have a basic understanding of the difference between income and equities but are unsure of how to put it all together. When approaching retirement or in retirement, there are six key factors to developing a globally […]

Pump Your Tires!

Pump your Tires

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® I ride my bike during the winter when the temperature is above freezing, and the roads are dry.  This past weekend I went for a ride on Saturday, and I felt slow and sluggish, realizing my tires were soft.  Prior to […]

Questions to Ask When Interviewing a Financial Planner

Questions to ask your Financial Planner

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Deciding on which financial planner to hire is a particularly important decision for families to make. The following are key questions that FP Canada has designed to help in the selection process. How to Interview a Financial Planner Financial planners can […]

What are the top 26 Estate Planning tips to consider?

estate planning tips

Estate planning helps ensure a stress-free transition of your assets to the next generation or intended beneficiaries. Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following are the top 26 estate planning tips from Preserving Wealth: The Next Generation. Have up-to-date wills. Have up-to-date powers of attorney for […]