Business Owners and Their RRSPs: Are You “Willing, Able and Ready” To Save?

By Nancy Graham · February 23, 2017 - 0 comments

If you’re like most business owners, you wear many hats in your life, each competing for financial attention. Beyond the basics of funding your Registered Retirement Savings Plan (RRSP), business owners face specialized questions like: When and how should you direct business profits into an RRSP account … or should you? And how do you balance funding your retirement and reinvesting in your thriving enterprise?

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CRM2, Your Car Mechanic, and the Dilemma of Expert Advice

By Jennifer Vachon · February 20, 2017 - 0 comments

You might not guess it, but your friendly neighborhood car shop and that polished Bay Street banker up the road actually have a lot in common. Sure, “Jack the Mechanic” and “Jill the Financier” may dress differently and possess dramatically different skill sets, but they still share an important trait: they both expose you to what we call the dilemma of expert advice.

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Where should my Investments Go: RRSP or TFSA?

By Susan Daley · February 14, 2017 - 0 comments

Now that we know the basics of how RRSP’s (Registered Retirement Savings Plans) and TFSA’s (Tax Free Savings Accounts) work from a tax and investment standpoint, there is an important decision to make prior to selecting any investments. Should you contribute to an RRSP or TFSA?

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Smart investment decisions are simpler than you think

By Ben Felix · February 13, 2017 - 0 comments

Do you ever wonder what it’s like to be a smart investor? Chances are that you do; most Canadians own investments that underperform the market. If a financial advisor says that they know when to buy gold, they may be perceived as smart, and their clients will likely listen to them. The ability to predict is associated with investing intelligence. This approach to investing is known as active management – figuring out which stocks or assets will do well, or knowing when to get in and out of the market. As intelligent as it may seem, there is no evidence to support its efficacy.

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