Higher prices can chip away at your savings, so position your money to stay a step ahead. Monetary inflation hasn’t been much of a concern for so long that it may seem like a foreign concept to some people. Before the 1990s, wild swings in inflation were more common, but for the past 25 years annual rates have hovered close to two per cent, with few notable fluctuations. What a difference a year can make. When widescale reaction to the global pandemic began in March 2020, the

Some obstacles are avoidable, while others are not, so be prepared to navigate both. At some point during their working lives, most Canadians begin to look forward to retirement – and many do so with the aid of a plan. But no one can predict all their future competing priorities and financial obligations that may arise. This means that a good retirement plan should be built to withstand the unexpected, or at least be flexible enough to allow for changing circumstances. Regard

Tips to help combat the rising cost of groceries. As inflation increases, so does the price of food in Canada. The 2021 edition of Canada’s Food Price Report, forecasts food price increases of 3 to 5.5 per cent for bread, muffins and other baked goods, and even higher price increases for meat and vegetables at 4.5 to 6.5 per cent. An average family of four is now shelling out about $700 more than they did in 2020, with groceries accounting for nearly $14,000 of the annual hou

Advice for ensuring a smooth transfer of wealth. Every year in Canada, billions of dollars in estate assets are transferred at death. Sometimes a transfer of wealth doesn’t go as smoothly as expected. The good news is there are ways to minimize the risk of problems by keeping a few points in mind during the estate planning process. Careful planning and review of existing plans can help to ensure that the assets you’ve spent a lifetime accumulating go to the people you’ve sele