Artificial Intelligence (AI) has become a popular topic over recent years, even more so in the last couple months. The main reason for this surge of interest in AI was the introduction of ChatGPT in 2022. ChatGPT is an AI chat that allows users to enter prompts. The AI can then respond or perform the …
As a parent, a quality education is one of the greatest gifts you can give your child. However, the rising costs of tuition and expenses can make higher education seem financially daunting. That’s where the Registered Education Savings Plan (RESP) comes in. In Canada, the RESP is a government-sponsored investment vehicle designed to help parents …
Investing in Your Child’s Future: The Benefits of RESP for Canadians Read More »
Staying invested in the market is a concept that often gets overshadowed by short-term market fluctuations and sensational headlines, but its significance cannot be overstated. Time and again, history has shown us that those who remain committed to their investments tend to reap substantial rewards in the long run. To illustrate this point, let’s consider …
The Importance of Staying Invested in the Market: A Lesson in Missed Opportunities Read More »
I thought I would share with you some great advice for parents, grandparents, and families that I got from my boys’ school to help keep kids learning this Summer without realizing they are working on schoolwork. Number Count collections of objects found in nature or on a scavenger hunt Calculate rates and speed during running, …
The last 18 months has provided stock market investors with a very bumpy ride. There was the large drop from January 2022 to the end of September and then a recovery from September to February 2023. The market has been up and down since then. This volatility is not new to the stock market. It …
As a young Canadian embarking on your journey into the workforce, it’s crucial to lay the foundation for your financial future. One of the most effective ways to secure financial well-being is understanding and leveraging the power of compounding interest. Starting early and investing consistently can unlock substantial benefits and pave the way to long-term …
Harnessing the Power of Compounding Interest: A Path to Wealth for Young Canadians Read More »
The US Debt Ceiling is likely a concept that you’ve heard of or read headlines about within the last couple of months. It is starting to garner a little more attention given the proximity to the June 1st “X-date”. In short, the debt ceiling is a restriction imposed by the US Congress on the amount …
WealthProfessional.ca: “As Canadians live longer and increasingly rely on personal savings to sustain them in old age, there’s more urgency than ever for innovation in retirement solutions. A new research paper suggests the key lies in a rethink of RRIF policy – but one seasoned advisor thinks otherwise.”
The Federal Budget in 2022 proposed to create the Tax-Free First Home Savings Account (FHSA), a newly registered account to help individuals save for their first home. The account became available to Canadians on April 1st, 2023 and will be soon available at Assante in June 2023. Contributions to an FHSA would be tax deductible, and …
This is a great time of year for sports. We just had March Madness in college basketball. The Masters gave us the first golf major of the year. The baseball season is underway. And, the NBA and NHL are finishing round 1 of the playoffs. I’m sure many of you reading this have put together …
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