Planning Ahead: Do You Have an RESP Withdrawal Strategy?

It’s an exciting time as we near another start to a college and/or university year. If you have opened a Registered Education Savings Plan (RESP), it may be a good time to think about withdrawal strategies.
Recall that the RESP has three components: i) original contributions; ii) grants paid by the government, such as Canada Education Savings Grants (CESGs); and iii) accumulated income payments (AIPs), income/gains on contributions and grants. Grants and AIPs may be paid to the beneficiary in […]

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Rising Oil Prices: Paying the Price at the Pump

While the rapid rise in global oil prices may help to give the Canadian equity market a bump, it has provided many Canadians with sticker shock at the pump. Oil prices have reached four-year highs, largely due to a reduction in supply, including production outages in Venezuela, increasing tensions in the Middle East and a reluctance of many global energy companies to invest in new production. But with oil prices remaining low for years, many are asking why gas […]

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Financial Advice to Build Your Wealth

One of the most important lessons we’ve learned throughout our time working in the investment industry is that the basic principles of successful investing remain timeless—wealth comes from choices, not chances. Here is some financial advice for everyone, young or old, to help you build your wealth:
Building Wealth has Little to Do with Your Income, and a Lot to Do with Your Savings Rate
Wealth is the accumulated difference between what you spend and what you bring in. You can […]

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The Role of the Executor: A Large One

Have you been named as an executor of someone’s estate? If so, you have been entrusted with a very important role. It is often a large responsibility, so here are some things to keep in mind:
It is time consuming.
Settling an estate generally takes about 18 months on average, but may extend to several years depending on complexity. Duties can include arranging the funeral, finding, itemizing or even managing estate assets, applying for probate (where applicable), notifying financial institutions of […]

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