Tips for managing household debt Canadians have been getting into debt at a red-hot pace. The overheated housing market since the beginning of the year, combined with pandemic-induced credit-card use, lifted the household debt to income ratio to 172.3% in the first...
Financial security starts with financial literacy According to a CIBC study in 2019, Canadian women control $2.2 trillion of assets. But that will almost double to $4 trillion by 2028 and could be a lot more if real estate is included. While that wealth is increasing,...
Foundational principles for financial success For many new grads this year, leaving the security of the academic environment for the big wide world can be a slightly scary prospect, especially if you have to make your own way financially and can no longer rely fully...
With Covid-19 lockdowns, financial well-being has been disrupted for many. Government aid will eventually end. Where to from here? Read my advice in a recent interview with CTV’s chief financial commentator Patti Lovett-Reid.
Now, more than ever, it’s crucial to teach your kids the first steps to financial literacy. Read my recent post on how to help your children learn the basics of money management.
Four trouble areas, and how a planner can help The Covid-19 pandemic and lockdowns have created plenty of financial stress for individuals and families. Temporary or even permanent income loss has been only partially mitigated by relief programs, such as the Canada...
Financial planning for divorce during lockdown The COVID-19 pandemic lockdowns have added to the stress of couples undergoing separation or divorce. And with court services limited to very urgent cases involving custody of children, options for settlement proceedings...
Don’t let pandemic woes infect your bank balance The COVID-19 pandemic has thrown many families’ financial plans into disarray. And while restrictions are gradually being lifted, activity is still far from normal. And, if the experts are right, there’s still the...
Paying down debt, building savings, emergency benefits This year has been particularly challenging for new graduates of post-secondary schools. Because of the COVID-19 lockdowns, the last semester for most students was likely done online, as were exams and other final...
Robyn Thompson is featured on BNN’s “Ask the Expert” feature on The Open, discussing the salary requirements for small business owners to apply for interest-free loans under the Canada Emergency Business Account (CEBA).
Robyn Thompson is featured on Citytv’s Breakfast Television with Devo, discussing the financial implications of bringing an elderly parent home from a long-term care residence during the COVID-19 pandemic. What you need to know before making the move.
The big come-on from dodgy vaccine-makers, fake gold mines The COVID-19 pandemic has brought many unpleasant consequences to our economy and social structure through emergency lockdowns and self-isolation. One of these is the proliferation of fraudulent investment...