Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for families. Key points for families Childcare: The funding could serve to create more affordable childcare spaces for low-income families Parental leave: Extending parental leave and benefits to 18 months, Parents who choose to stay at home longer, however, will have to make do with a lower Employment Insurance (EI) benefit rate of 33 per cent of their...Read More
Author: Seun Adeyemi
The importance of a financial plan. Working with us to create your financial plan helps you identify your long and short term life goals. When you have a plan, it’s easier to make decisions that align with your goals. We outline 8 key areas of financial planning: Income: learn to manage your income effectively through planning Cash Flow: monitoring your cash flow, will help you keep more of your cash Understanding: understanding provides you an effective way to make financial decisions that align with your goals Family Security: having proper coverage will provide peace of mind...Read More
Happy holidays everyone! Can you believe 2016 is almost over? Where did the time go? With the countdown to New Years on, we thought it would be the perfect time to look back at the past year and look forward to the year to come. Trends to be on the lookout for include a lower loonie, a potential slowdown in the real estate market and better credit card offers. The Rise of Fintech Fintech, short for financial technology, made a splash in 2016. Investors moved their money in record numbers from traditional mutual funds to low-cost investments, such...Read More
Can you believe the holidays are just around the corner? While the holidays can be a season of spending time with loved ones and enjoying good food, they can also be a time of overspending. There’s a lot of pressure around the holidays to spend money. It’s not just family and friends. Retailers do everything in the power to get you to spend just a little more this year. How do you start the new year in good financial shape? Here are four tips. 1. Hold a Secret Santa Gift Exchange Do you have a large, extended family?...Read More
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