If your child is going to be living at home and going to school in the same community, your insurance needs and coverage probably won’t change. If your child is moving a significant distance from home, though, there will likely be some changes to your coverage and premiums.

When it comes to life insurance affordability, there are a variety of strategies to examine to guarantee adequate coverage without breaking your pockets.

Financial Consultant Camille Jones discusses savings options for the new graduate.

Have you wondered where all your money goes at the end of the month? Is it the bills swallowing up all of your income? Or is it eating out, going to the mall, and entertainment habits? The only solution is one we all hate to hear. You know, the B word. A budget.

With interest rates so low, you may be thinking of taking the big step into home ownership, ‘moving up’ or even refinancing your existing home. If so, knowing what’s what with mortgages can save you money now and in the future. Here’s a mortgage primer to get you going.

When creating a financial/investment portfolio, you need to ensure that there are multiple investment buckets available. This is because each bucket has its advantage and disadvantages. Read on to ensure you are increasing each bucket’s advantages and not allowing their disadvantages to erode your capital.

When was the last time you took a few moments to think about how your family’s lifestyle would be affected by losing you? Not only does your family depend on you for love and emotional support, but the fact of the matter is, they also rely on your continued earnings to provide for their daily living needs. This is why it’s critical you maintain sufficient life insurance coverage.

Generational wealth is defined as passing and building a financial legacy that your future generations can reap the rewards. We all work hard to become financially free in our lifetime, but what about our future generations? Do we want them to have to battle with their finances we did or are we also planning on leaving financial legacies that will give them greater opportunities than you had?

If your annual income taxassessment includes a notice from the Canada Revenue Agency that details how much unused contribution room you have left in your RRSP from previous years, the time to act is now.

Before shedding some light on their question, let’s first get a firm grasp on some of the innate differences and similarities. First and foremost, both RRSPs and TFSAs provide investors with the opportunity of tax-sheltered compound growth for investments held inside each plan. But unlike an RRSP, contributions to a TFSA are not tax deductible, amounts can be withdrawn tax free at any time and withdrawn amounts are added back into your TFSA contribution room the following year.