Term life insurance What is it? Term Life insurance pays a single tax-free lump sum benefit when the insured person passes away. Generally, we recommend enough Term Life insurance to pay off any debts that might be left behind, and to replace enough income… Continue Reading “Financial planning 101: Life Insurance”
Amortization Amortization simply involves paying off debt with equal payments at equal intervals over time. An example of this is a fixed rate mortgage – your monthly payment remains the same throughout the entire life of your loan. Even though your monthly payments might… Continue Reading “Financial planning 101: Mortgages (*2 Min Read)”
Life insurance blah blah blah. Is that what you hear when someone mentions it as part of your new job’s employee benefits round-up or when you see something about it on TV or social media? Not to worry: we’ve got the low-down on what… Continue Reading “10 Things You Didn’t Know About Life Insurance (*2 Min Read)”
Pay now, party later TFSA is short for Tax-Free Saving Account. The name is slightly misleading because a TFSA is really an investment account that can hold all the same types of investments as an RRSP. Why you should have one With a TFSA,… Continue Reading “Tax-Free Savings Account (TFSA)”
If you own a business, you know about risk and opportunity. Compared to many people, you’re willing to take more personal and financial risk in order to gain more personal and financial opportunity. It’s a trade-off that can be highly rewarding.