Growing old has financial risks
As people grow older we expect to see physical signs of aging. The other facet of aging is declining mental ability. This needs to be better understood, particularly as it applies to a person’s ability to manage their financial affairs. We all have to make financial decisions. Now more than ever, everyone needs to protect […]
Parents give adult children $24k average to move out
Recently CIBC commissioned a poll of Canadians to learn more about how families gift money. It is important to understand that there are no taxes on financial gifts to adult children in Canada, no matter the amount given. The poll showed 76 per cent of parents would be happy to give money if it would […]
Sears Canada’s financial woes – it can happen to anyone
There was a time when Sears Canada was on top of the world. Sears was an iconic brand. Times have changed. The retail landscape in Canada has become more competitive with other strong retailers and the evolution of online shopping. Sears Canada of today says it is unable to pay its bills and filed for […]
