One of the first steps in investing is building a portfolio that’s right for your situation. A portfolio is a mix of stocks, bonds and cash, as well as funds that hold a combination of these assets. Building your portfolio might seem intimidating at first, but you can do it if you follow an old and familiar idea: don’t put all your eggs in one basket. Asset allocation and diversification are the two main principles that can help make it happen. “Asset allocation” just means p

5 Tax Planning Lessons that you need to know if you run your own business. We know CRA always wants to have a piece of what we earn, so here are 5 strategies that you need to know to reduce taxes and maximize your wealth as a small business owner in British Columbia. #1. Dividends vs. Salary Canada's Tax Code Integrates their tax rates, so taking dividends and taking a Salary results in a very similar tax rate for all business owners. Taking Salary allows you to qualify for C

Imagine how much more money you might have had in your bank account if you started investing earlier. The common perception is that if you don’t have much money to invest now, it’s better to contribute more later. But in fact, one of the best ways to build wealth is to start investing early – even if it’s only a small amount. It’s hard to find the motivation to start investing when you’re young, which is why a lot of people put it off until they’re further along in their care

Build financial security for life with good planning. This is the first in an ongoing series of articles about the importance of planning ahead for some of the financial challenges and opportunities that can arise throughout different stages of life. Starting the journey into adult life is an exciting time, full of new experiences. For post-secondary graduates who may be settling into a new job, now is a great time to begin focusing on some short- and long-term goals. Buildin

Furnish your home financing strategy with some fundamental facts. Becoming a homeowner is an exciting achievement, and for most people, it’s the biggest single purchase of their lives. Most also won’t be able to pay for that home in one fell swoop and will need a mortgage. A mortgage is a loan that covers the remaining cost of the home after the down payment. What you might not realize is that there are distinct types of mortgages that offer different benefits for specific ne

Read This Before You Renew Your Mortgage!