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Year-end tax-cutting tips

Still time to save on 2022 taxes With year-end just around the corner, there’s still time for a few tax strategies that could cut this year’s tax bill. Here are some of my favorite year-end tax-saving tips.  Contributions to registered plans Registered plans...

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Black Friday binge, Red Monday remorse

How avoid that sinking (bank account) feeling “Red Monday Remorse” typically follows the Black Friday spending binge. It’s the day you realize you’ve changed the colour of your budget from black to red. The same thing happens in the weeks leading up to Christmas....

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Avoiding cryptocurrency scams

How to dodge investment fraud and protect your money High-flying cryptocurrency exchange FTX filed for bankruptcy in early November. Billions of dollars are missing or unaccounted for according to reports, and the eventual financial ramifications of the FTX...

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Inflation Investing

Some asset classes better than others as an inflation hedge When preparing your financial plan and setting target returns, make sure you discuss the effects of inflation with your advisor.  Currently, inflation is at levels not seen in decades. In Canada, the...

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When creditors come calling

Options for relieving the personal debt burden Since 2020, when the pandemic and associated financial damage created by government lock-downs and mandates really began to hit hard, debt problems were pushed to the back burner. Many creditors temporarily held off...

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Investment woes? Where to get good advice

Hint: you won’t find it on TikTok In our plugged-in hyper-connected 24/7 lives, we’re inundated with investment “advice.” Which is worth precisely what you pay for it – nothing. And yet every day, I hear of unwary or gullible investors being seduced by sales...

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The best defensive investment strategy of all

Pay attention to asset allocation before trouble starts Inflation continues to burn up everyone’s purchasing power, with both Canadian and U.S. consumer price indexes exceeding an annual 8% recently. Of course, any shopper could have told you that months ago, just...

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Tread carefully with Locked-In Retirement Accounts

Funds are not available until retirement If you’ve recently left a job that included a pension plan, you may be offered an opportunity to transfer your plan to a Locked-In Retirement Account (LIRA). This is a government registered plan in which your funds grow...

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