In the first 10 minutes of a meeting, your client says: “Tyler finally left for school and we’re turning his room into a gym."
The number of self-employed workers in Canada is growing
IFIC has proposed a series of measures aimed at helping advisors support aging clients. The proposals are contained in a submission made in response to the consultation paper “Improving Detection, Prevention and Response to Senior Financial Abuse in New Brunswick,” which was issued by the Financial and Consumers Services Agency in November 2017. “We commend […]
As tax season approaches, CRA is reminding seniors to make the most of the benefits and credits for which they’re eligible. Read: Essential tax numbers: updated for 2018 Here are some of the most common things seniors could claim on their tax returns: Pension income splitting. Pensioners might be eligible to split up to 50% […]
Payday loans are becoming more popular for heavily indebted Ontarians. Read: Now’s a good time for that debt discussion Almost one-third (31%) of 2017 insolvencies in the province involved payday loans, finds research from Hoyes, Michalos & Associates, an insolvency trustee firm. That’s up from 27% in 2016, and is the sixth consecutive year-over-year increase […]
A survey by FPSC and Credit Canada reveals details about financial deceit
Countering the alarming headlines as volatility returns
More than half of Canadians who are in a relationship wish they could change at least one of their partner's financial habits.
Investors may be wondering what to make of the dramatic sell-off
Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20% after Canada’s banking regulator imposed a new stress test for homebuyers who don’t need mortgage insurance. Read: Toronto home sales to slip, prices to climb As a result, alternative lenders are seeing an […]