Financial Library

Are You Ready to Retire?

Posted on April 10, 2023

According to a 2022 survey,1 only 35% of Canadians aged 50 and older feel they're financially ready to retire. Sixty-two percent report being unprepared or unsure if they have the resources. In a similar survey, Bromwich+Smith and Advisorsavvy2 report that 71% worry they will never be able to save enough to retire comfortably. Sixty-two percent are delaying retirement indefinitely.

Tags: 
retirement planning

How to Achieve Personal Financial Success

Posted on March 13, 2023

As the recent pandemic crisis made its way around the world, creating havoc in its wake, we can be thankful most Canadians were able to weather the storm in fairly good financial shape. Now Canadians are mostly concerned about spike in the interest rates and how that will impact their financial and retirement plans during the next few years.

While nobody can ever solve national or international crises personally, we can still focus on our own financial situation. Here are 5 keys for achieving sanity in your personal finances:

Tags: 
financial strategies

TFSAs: Leveraging the Benefits

Posted on March 13, 2023

The Tax-Free Savings Account (TFSA) was introduced in 2009 to offer Canadians an incentive to save over their lifetimes. TFSAs provide tax-free growth, flexible investment options, and easy set-up and withdrawals, making this registered account a powerful tool for financial well-being. Below are some key features.

Below are some key features:

Tags: 
investment planning

Don't Give Up on Growth

Posted on March 13, 2023

If you are a prudent investor, then you have a financial retirement plan that will ensure you have sufficient funds for the lifestyle you envision after you stop working. What constitutes sufficient depends on your ambitions and your hobbies, and also on how long you live. People are living longer, and it's not unreasonable to think that you could live into your 90s.

Tags: 
investment planning

RRSP Deadline Approaching!

Posted on February 13, 2023

Once again, it is that time of year when Canadians turn their attention to make their tax-deductible pension contributions to their RRSP. The word “pension” is used deliberately to emphasize that the whole point of RRSPs and other savings methods is to build savings over time to replace earned income with passive or pension income when retirement arrives.

Tags: 
retirement planning

Why Business Succession Planning Matters

Posted on February 13, 2023

Accounting firm BDO Canada1, found that only one-third of family-owned businesses survive the transition to second generation, with just a third of these getting to the next - a mere 1 in 10 chance of the business surviving for three generations. Often, the reason is insufficient planning.

Tags: 
business planning

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  • We are a small family who recently purchased our first house. To ensure our financial security and peace of mind we went to Darlene to purchase Life Insurance for both my husband and me. Darlene really took the time to explain all the different options for us and what the pros and cons were for each option. We never felt pressured to purchase anything, instead we felt that she really had our well-being in mind and that she was willing to go the extra mile to get us an excellent insurance policy that works for our family. She was friendly, helpful, and professional every step of the way. I would recommend her for anyone looking for information on insurance or investments.

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    Surrey BC

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    Surrey BC

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    Abbotsford BC

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