The Greater Toronto Area real estate market has officially dipped below the $1 million mark for the first time in five years, with the average selling price for all home types landing at $973,000 last month. This contraction represents a 27% price decline from the market’s all-time peak in February 2022. I’ve heard many people […]
The RSP contribution deadline for the 2025 tax year is Monday, March 2, 2026. Contributions made by this date can be deducted from your 2025 taxable income. The maximum contribution limit is 18% of earned income, up to $32,490. Depending on your personal situation, it doesn’t always make sense to contribute. Contributing to an RSP […]
Someone once said that if Al Capone had turned his talents toward legitimate enterprise, he could have been the CEO of General Motors. Today’s fraudsters are no different—highly organized, intelligent, and using sophisticated tools. Unfortunately, they’re applying those skills to deception, not innovation. My Close Call Recently, I received a phone call that appeared to […]
Canadian real estate prices took off during the last two decades alongside ultra low interest rates. Many people sought to buy a second property in a real estate market that once seemed invincible. Lately, however, many regret that decision as prices have come back down to earth amid higher borrowing costs. As a portfolio manager […]
Did you know that a staggering 90% of inherited wealth is gone by the third generation? A friend recently shared that he had inherited $500,000 just before the pandemic. His mother never spoke to him about money and he was surprised there was an estate to divide. Unfortunately, because he was so unprepared, the money […]
