Category Archives: For your information

Exchange Traded Funds: Everything You Wanted to Know But Were Afraid to Ask

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada Most Canadians are very familiar with mutual funds. In simple terms, a mutual fund is made up of a collection of individual stocks, bonds or other securities carefully chosen by a fund … Continue reading

Posted in Financial Literacy, For your information, Investing


Questions to Ask Your Financial Advisor

By Noel D’Souza, CFP® Getting good financial advice in Canada is tricky – trickier than it should be in my opinion. The main challenges facing someone seeking unbiased financial advice can be summed up by the following three questions: Can I … Continue reading

Posted in For your information, Money Coaching


Income Tax Challenges for the Self-Employed

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada When people choose self-employment, they are often attracted to the challenge and excitement of creating a business they are passionate about. They may look forward to a more flexible work schedule, … Continue reading

Posted in For your information, Money Coaching, Small Business


Don’t Let Misconceptions Hurt Your Investment Portfolio

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada The volume of financial advice at our fingertips is unprecedented. Through the phones in our pockets, we have access to newspapers, magazines, financial blogs, podcasts, videos and hundreds of books from financial … Continue reading

Posted in For your information, Investing, Money Coaching, Retirement savings


Five Steps to Setting Your New Year’s Financial Resolutions

By Sheila Walkington, Co-founder and CFO Money Coaches Canada A new year has begun, and after weeks of holiday spending, many of us are ready to pull-up our socks and create new financial habits. Maybe we resolve to lower our … Continue reading

Posted in For your information, Money Coaching, Relationship to money


How to Make the Most of Your Inheritance

By Janet Gray, B.A., B.Admin, CFP®, CHS, EPC, CPCA Waiting for an inheritance is not a solid financial plan. But the fact is, Stats Canada reports that the total net worth of Canadians 65 or older is $2.30-billion, and much of … Continue reading

Posted in Ask Your Money Coach, For your information, Money Coaching, Will & Estate Planning


Should I take CPP at age 60?

By Barbara Knoblach, PhD, CFP® The long summer evenings are over. The kids are back at school; homework, lessons and sports practice have begun to fill the family calendar again. Summer holidays and backyard BBQs are now just photo memories … Continue reading

Posted in Ask Your Money Coach, For your information


Are You On-Track To Retire in 10 Years? Do These 5 Things Right Now To Be Sure

By Sandra Mann, CPA, CGA, FPSC Level 1®   With 10 years to retirement, your daydreams may be turning to a morning latte on your deck, instead of a tepid coffee on your commute. But before you buy that Life … Continue reading

Posted in For your information, Money Coaching, Retirement savings


How Do I Take Money From My RSP in Retirement?

By Tom Feigs, CFP®, CET What do you think when you hear the term RSP? If you are like many people, you probably think: contributions. Certainly the banking industry focus is on RSP sales, because that’s where they make their money. … Continue reading

Posted in Ask Your Money Coach, For your information, Retirement savings


CPP Expansion: A Rare Opportunity to Fine Tune Your Retirement Plan

By Sandra Mann, MBA Financial Services, CPA, CGA, FPSC Level 1™ I’m sure you’ve heard by now that the Canada Pension Plan (CPP) is set for expansion beginning in 2019, but you may be wondering how the changes will impact … Continue reading

Posted in For your information, Retirement savings