Audio Version When we think of wealthy people, it is easy to picture massive inheritances, incredibly lucky stock picks, or lottery winnings. However, the reality is usually much less glamorous. For most self-made individuals, financial success is not an accident; it is the result of consistent, intentional habits. You don’t
Audio Version Have you ever thought about setting aside a little extra cash specifically for your child’s teenage years? If you’ve got a child rapidly approaching middle school, you might want to start planning. Let’s be real: adolescence is famously a rollercoaster time. It’s not just the sudden surge of
Audio Version Meet Dan and Susan. At 65 and 63, they’re finally ready to kick back, relax, and enjoy a well-deserved retirement. They’ve played their financial cards right: their house is completely paid off, and they’ve managed to stash away a healthy $500,000 in their RRSPs. Like most parents, their
Judy Skene, an 86-year-old widow from Sault Ste. Marie, Ontario, lost $900,000 to a highly sophisticated cryptocurrency investment scam that utilized an AI-generated deepfake of Prime Minister Mark Carney. The ordeal began in the summer of 2025 when Skene came across a Facebook advertisement featuring a digital impersonation of Carney.
Listen Now Are you feeling anxious about your retirement savings? You certainly aren’t alone. As the old saying goes, “People don’t plan to fail, they simply fail to plan.” When getting ready for retirement, losing sight of your target—or never having one to begin with—is an incredibly easy trap to
Listen Now There is a legend about a successful financial advisor in Warren Buffett’s stomping grounds of Omaha, Nebraska. It is reported that this advisor has learned the art of communicating the basics of wealth building with the local farmers. The advisor, who we will call Fred Smith, greets clients
Listen Now Today, 28% of Canadians provide some form of unpaid caregiving to relatives or family friends. Seniors make up the largest group of those requiring this type of care. The evolving concern is that 65+ is one of Canada’s fastest-growing segments. According to Statistics Canada, seniors accounted for nearly
Have you ever been tempted to invest in a stock just because of its past performance? It’s a natural instinct, but relying on it can be risky. Markets are cyclical; what soared yesterday might stumble today.
A wedding day marks the beginning of an exciting journey, but couples often overlook their financial future. As you start this new chapter together, it’s essential to discuss your goals and dreams, incorporating them into a solid financial strategy.
What happens if you retire early? Retiring before age 60 or 65 may create an income gap, especially with Canada Pension Plan (CPP) and Old Age Security (OAS) benefits starting later.
The Canadian Securities Administrators (CSA) issued an urgent warning to investors regarding a surge in “ramp-and-dump” stock scams. Orchestrated through fraudulent investment groups on social media and encrypted private messaging apps like WhatsApp, Discord, and Telegram, these schemes actively target unsuspecting individuals. A modern variation of the classic “pump-and-dump,” a
Are you earning well but feeling financially strained? You may be falling into traps that drain your finances. Discover how saying “no” can help you keep your hard-earned money.
Many people struggle with retirement planning and often wait for life events to take action. Despite clear steps like recording expenses and saving, few Canadians follow through. A recent survey revealed that couples frequently disagree about their retirement plans.
Navigating severance packages can be daunting, especially in today’s unpredictable job market. With the right tax planning strategies, you can maximize your severance pay and retain more of your money.
Scammers are increasingly impersonating the Canada Revenue Agency (CRA) to steal money and personal information, but knowing their tactics is your best defense. One of the most prevalent new methods involves fraudulent text messages. These notifications falsely promise a tax refund and include a deceptive e-transfer link. The CRA wants
A sophisticated phone scam is leaving Rogers customers responsible for thousands of dollars in fraudulent charges. Scammers pose as Rogers employees, calling victims with offers for discounted phone plans and a “free” iPad. The fraudsters then use the victim’s details to sign them up for a legitimate two-year iPad financing
Have you ever stopped to think about the sneaky little dance happening in your wallet every single day? It’s a constant tango between inflation and purchasing power. Understanding purchasing power is crucial for achieving true financial independence.
Many people assume their employer’s group coverage will meet their needs. However, as Sally, Peter, and Steve found out, relying solely on it can lead to serious issues. From inadequate life insurance to denied disability claims, group plans can be unpredictable.
Are you prepared to make your retirement savings last? With longer life expectancies, it’s vital to rethink your investment management. The traditional approach of shifting everything to fixed-income options may not be effective.
If it feels like everyone you know has received a suspicious text or a weird phone call lately, you’re not imagining things. Fraud is booming in Canada. Back in 2020, Canadians lost around $165 million to scammers. Fast forward to 2025, and that number skyrocketed to a staggering $705 million.
Business owners have to contend with many facets of financial management, business accounting, cash-flow management, and capital acquisition. The one area of financial management that often goes unheeded or is placed on the back-burner is their personal financial strategy, yet it is the one aspect of a business owner’s financial
Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. People with similar incomes often have different spending and lifestyle habits. This can affect their income needs in retirement. It is
The Royal Canadian Mounted Police (RCMP), the Canadian Anti-Fraud Centre, and their policing partners are warning the public to be vigilant against scams related to the upcoming FIFA World Cup 2026™. As Canada prepares to host matches, authorities warn that fraudsters are exploiting the high demand by selling counterfeit or
Toronto police are warning the public about a dramatic surge in AI-powered scams over the past six months. Detective David Coffey of the financial crimes unit reports that while the types of scams—such as romance or impersonation fraud—remain the same, artificial intelligence has made them far more convincing and targeted.
Investment fraud is a growing crisis in Canada, with victims losing hundreds of millions of dollars annually. Today’s scammers use increasingly sophisticated methods, utilizing artificial intelligence and fake online dashboards to create an illusion of legitimacy. Often, these schemes begin via a social media connection. To protect your savings, watch
An Etobicoke, Ontario woman, Colleen McMichael, lost nearly $50,000 in a door-to-door roofing scam. The ordeal began in late January when two men offered to clear ice and snow from her eavestroughs for $50. After briefly going onto her roof, they falsely claimed it was in a disastrous state, citing
Randy worked for a small business. When the owner died suddenly, the business accounts were frozen and it took several weeks before they could be accessed to meet payroll. Randy had trouble meeting his financial obligations and had to find a new job. Jane worked at a small company for
Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities. Roger makes occasional donations to various charities. His donations are rather small and amount to only a few hundred dollars per year. He
Most Canadians want to pass their life savings on to their heirs. The assets remaining once retirement needs are met will be distributed more effectively if there is a properly prepared will detailing the deceased’s wishes. Many people mistakenly believe that this issue is far in the future. Preparation of
CBC News reported the devastating impact of a digital banking scam on a Manitoba couple, Linda and Rudy Klassen. In mid-2024, their compromised home computer allowed fraudsters to deposit bogus cheques and illegally transfer funds. While Access Credit Union forgave an initial $100,000 loss, a subsequent breach at Steinbach Credit
Audio Version When we think of wealthy people, it is easy to picture massive inheritances, incredibly lucky stock picks, or lottery winnings. However, the reality is usually much less glamorous. For most self-made individuals, financial success is not an accident; it is the result of consistent, intentional habits. You don’t
Audio Version Have you ever thought about setting aside a little extra cash specifically for your child’s teenage years? If you’ve got a child rapidly approaching middle school, you might want to start planning. Let’s be real: adolescence is famously a rollercoaster time. It’s not just the sudden surge of
Audio Version Meet Dan and Susan. At 65 and 63, they’re finally ready to kick back, relax, and enjoy a well-deserved retirement. They’ve played their financial cards right: their house is completely paid off, and they’ve managed to stash away a healthy $500,000 in their RRSPs. Like most parents, their
Judy Skene, an 86-year-old widow from Sault Ste. Marie, Ontario, lost $900,000 to a highly sophisticated cryptocurrency investment scam that utilized an AI-generated deepfake of Prime Minister Mark Carney. The ordeal began in the summer of 2025 when Skene came across a Facebook advertisement featuring a digital impersonation of Carney.
Listen Now Are you feeling anxious about your retirement savings? You certainly aren’t alone. As the old saying goes, “People don’t plan to fail, they simply fail to plan.” When getting ready for retirement, losing sight of your target—or never having one to begin with—is an incredibly easy trap to
Listen Now There is a legend about a successful financial advisor in Warren Buffett’s stomping grounds of Omaha, Nebraska. It is reported that this advisor has learned the art of communicating the basics of wealth building with the local farmers. The advisor, who we will call Fred Smith, greets clients
Listen Now Today, 28% of Canadians provide some form of unpaid caregiving to relatives or family friends. Seniors make up the largest group of those requiring this type of care. The evolving concern is that 65+ is one of Canada’s fastest-growing segments. According to Statistics Canada, seniors accounted for nearly
Have you ever been tempted to invest in a stock just because of its past performance? It’s a natural instinct, but relying on it can be risky. Markets are cyclical; what soared yesterday might stumble today.
A wedding day marks the beginning of an exciting journey, but couples often overlook their financial future. As you start this new chapter together, it’s essential to discuss your goals and dreams, incorporating them into a solid financial strategy.
What happens if you retire early? Retiring before age 60 or 65 may create an income gap, especially with Canada Pension Plan (CPP) and Old Age Security (OAS) benefits starting later.
The Canadian Securities Administrators (CSA) issued an urgent warning to investors regarding a surge in “ramp-and-dump” stock scams. Orchestrated through fraudulent investment groups on social media and encrypted private messaging apps like WhatsApp, Discord, and Telegram, these schemes actively target unsuspecting individuals. A modern variation of the classic “pump-and-dump,” a
Are you earning well but feeling financially strained? You may be falling into traps that drain your finances. Discover how saying “no” can help you keep your hard-earned money.
Many people struggle with retirement planning and often wait for life events to take action. Despite clear steps like recording expenses and saving, few Canadians follow through. A recent survey revealed that couples frequently disagree about their retirement plans.
Navigating severance packages can be daunting, especially in today’s unpredictable job market. With the right tax planning strategies, you can maximize your severance pay and retain more of your money.
Scammers are increasingly impersonating the Canada Revenue Agency (CRA) to steal money and personal information, but knowing their tactics is your best defense. One of the most prevalent new methods involves fraudulent text messages. These notifications falsely promise a tax refund and include a deceptive e-transfer link. The CRA wants
A sophisticated phone scam is leaving Rogers customers responsible for thousands of dollars in fraudulent charges. Scammers pose as Rogers employees, calling victims with offers for discounted phone plans and a “free” iPad. The fraudsters then use the victim’s details to sign them up for a legitimate two-year iPad financing
Have you ever stopped to think about the sneaky little dance happening in your wallet every single day? It’s a constant tango between inflation and purchasing power. Understanding purchasing power is crucial for achieving true financial independence.
Many people assume their employer’s group coverage will meet their needs. However, as Sally, Peter, and Steve found out, relying solely on it can lead to serious issues. From inadequate life insurance to denied disability claims, group plans can be unpredictable.
Are you prepared to make your retirement savings last? With longer life expectancies, it’s vital to rethink your investment management. The traditional approach of shifting everything to fixed-income options may not be effective.
If it feels like everyone you know has received a suspicious text or a weird phone call lately, you’re not imagining things. Fraud is booming in Canada. Back in 2020, Canadians lost around $165 million to scammers. Fast forward to 2025, and that number skyrocketed to a staggering $705 million.
Business owners have to contend with many facets of financial management, business accounting, cash-flow management, and capital acquisition. The one area of financial management that often goes unheeded or is placed on the back-burner is their personal financial strategy, yet it is the one aspect of a business owner’s financial
Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. People with similar incomes often have different spending and lifestyle habits. This can affect their income needs in retirement. It is
The Royal Canadian Mounted Police (RCMP), the Canadian Anti-Fraud Centre, and their policing partners are warning the public to be vigilant against scams related to the upcoming FIFA World Cup 2026™. As Canada prepares to host matches, authorities warn that fraudsters are exploiting the high demand by selling counterfeit or
Toronto police are warning the public about a dramatic surge in AI-powered scams over the past six months. Detective David Coffey of the financial crimes unit reports that while the types of scams—such as romance or impersonation fraud—remain the same, artificial intelligence has made them far more convincing and targeted.
Investment fraud is a growing crisis in Canada, with victims losing hundreds of millions of dollars annually. Today’s scammers use increasingly sophisticated methods, utilizing artificial intelligence and fake online dashboards to create an illusion of legitimacy. Often, these schemes begin via a social media connection. To protect your savings, watch
An Etobicoke, Ontario woman, Colleen McMichael, lost nearly $50,000 in a door-to-door roofing scam. The ordeal began in late January when two men offered to clear ice and snow from her eavestroughs for $50. After briefly going onto her roof, they falsely claimed it was in a disastrous state, citing
Randy worked for a small business. When the owner died suddenly, the business accounts were frozen and it took several weeks before they could be accessed to meet payroll. Randy had trouble meeting his financial obligations and had to find a new job. Jane worked at a small company for
Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities. Roger makes occasional donations to various charities. His donations are rather small and amount to only a few hundred dollars per year. He
Most Canadians want to pass their life savings on to their heirs. The assets remaining once retirement needs are met will be distributed more effectively if there is a properly prepared will detailing the deceased’s wishes. Many people mistakenly believe that this issue is far in the future. Preparation of
CBC News reported the devastating impact of a digital banking scam on a Manitoba couple, Linda and Rudy Klassen. In mid-2024, their compromised home computer allowed fraudsters to deposit bogus cheques and illegally transfer funds. While Access Credit Union forgave an initial $100,000 loss, a subsequent breach at Steinbach Credit