Contract work becoming “the new normal” says report

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

BMO Wealth Management today released a report describing Canada's labour market shifting from permanent employment to on-demand temporary or contractual employment as "the new normal". The report, The... Continue reading

Debt is negatively affecting Canadians' relationships and mental health

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

While four in 10 married or common law Canadians often talk about money with their partner, half said that such conversations can cause tension in their relationship, says a new survey by Manulife Bank... Continue reading

Looking at friends’ purchases increases urge to buy

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

Looking at friends’ purchases may influence Canadians to buy items beyond their budget, according to a new poll released July 23 by investment firm Edward Jones. The poll also showed that 93 per cent ... Continue reading

Parents not meeting educational savings goals, says survey

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

Many parents are missing the mark when it comes to saving for their kids’ educations, according to an ATB Investor Beat survey of Alberta parents. The quarterly survey by ATB Financial, released July ... Continue reading

Ontarians exposed to potential risks of cryptoassets

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

A new research study by the Ontario Securities Commission (OSC) found that many Ontarians lack understanding of crypto assets – even those who own them. The study also revealed that an increasing number... Continue reading

Retirees benefit if they hold off on taking federal and Quebec pension plans, states report

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

A new report by the C.D. Howe Institute says retirement savers would benefit from greater flexibility and security with a longer Canada/Québec Pension Plans deferral period. In the report, entitled Deferring... Continue reading

CRA warns Canadians not to be fooled by the working income tax benefit tax scheme

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

The Canada Revenue Agency (CRA) is warning Canadians about schemes where promoters – who are typically tax representatives or tax preparers – claim they can get a tax refund for participants from the ... Continue reading

Responsible Investing is gaining popularity among institutional investors

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

A new survey by Aon released today shows “a dramatic upsurge” in the number of institutional investors who are interested in responsible investing initiatives. The survey of 223 institutional investors... Continue reading

Canadians should be cautious about investing with crypto-asset trading platforms

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

Canadians should be cautious when considering buying crypto assets through trading platforms, says the Canadian Securities Administrators (CSA).  “Even though a platform may call itself an ‘exchange,’... Continue reading

One quarter of Canadian seniors fear they will run out of money

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 13, 2018

Seniors’ greatest financial fears are running out of money and being unable to pay for long-term care, says a national survey by the Financial Planning Standards Council (FPSC) and Credit Canada released... Continue reading