Blog Posts

Over the past year-and-a-half, the Bank of Canada has raised interest rates rapidly to combat runaway inflation. That’s increased interest rates on mortgages and pushed up monthly expenses for many homeowners. (reposted from Sept 7, 2022)

Summer is a wonderful time to relax, have fun, and make memories. However, it's essential to manage your spending to ensure a financially responsible and enjoyable summer. Here are some tips for making the most of your summer while being mindful of your expenses:

With interest rates on the upswing in Canada, families and retired individuals are facing mounting concerns regarding their debt and savings. The tightening monetary policy of the Bank of Canada has led to higher borrowing costs, burdening households with increased monthly payments. Simultaneously, saving for retirement and unexpected expenses has become more challenging as low-risk investments fail to generate adequate returns. In this article, we delve into the implications of rising interest rates on debt and savings, providing strategies for managing debt and maximizing savings to safeguard long-term financial stability.

Top 200 in 2022

A summary of the 2023 federal government’s budget highlighting the changes delivered by the Liberal government on March 28, 2023. Review this analysis of the key corporate and personal measures and how they impact you.

Finance Minister Chrystia Freeland tabled the 2022 Federal Budget on April 7, 2022. Housing and affordability took the main stage with numerous measures aimed at tackling housing access, affordability, and improvements. There are no broad-based tax increases on individuals or corporations. The capital gains inclusion rate remains at 50% and there’s no real change to the principal residence exemption. The main revenue-generating measures of this budget are targeted at banks and life insurer groups: a one-time Canada Recovery Dividend is a tax of 15% on 2021 taxable income over $1 billion, payable over five years; and a permanent tax increase of 1.5% to 16.5% on income in excess of $100 million applying to taxation years after budget day and prorated for a taxation year including budget day.

If you’ve made the decision to invest some of your money, you may be wondering which option will offer you the best bang for your buck. Two of the most popular choices among investors are mutual funds and segregated fund policies.

You may continue to see references to Freedom 55 Financial for some time, as we update our websites, signage, policies, etc.

When markets are volatile and head south, many investors climb the proverbial wall of worry. Some abandon the markets and head for the safety of cash and cash equivalents. Others remain invested, but ride out volatile conditions in anxiety. Can those who are invested in segregated funds sleep better at night?

During this unprecedented time we want you to know we support you and as a company have gone to great measures to ensure your families stay protected and your plans stay on track. The government is also stepping outside the box. If you need financial support or know someone please review/share this link