First Home Savings Account: Understanding the basics20220823140714
First Home Savings Account: Understanding the basics
What is the First Home Savings Account? In April 2022, the Federal government introduced the “First Home Savings Account”, or FHSA. This new type of registered savings account officially launches in 2023 and will allow Canadians to save up to $40,000 towards their first home. The FHSA combines the features of the RRSP and TFSA, […]...
Lessons for Hockey Players from Past Recessions20220818140748
Lessons for Hockey Players from Past Recessions
Every hockey professional knows the value of having a plan in place when it comes to the game of hockey. Whether it’s a player with a summer training program or a coach with a team’s season plan, having a plan in place before a game, series or season is valuable and provides an action plan […]...
Understanding your child’s RESP20220608161350
Understanding your child’s RESP
Hearing the word RESP is common around this time of year as your kids accept offers to university or college and begin preparations for the fall. We may understand that these savings plans are an effective way to save money and reduce the impacts of annual taxation, but how much do you really understand about the RESP process? Here’s a short guide to help you understand exactly what you’re purchas...
Closing the Gender Wealth & Investing Gap20220222220228
Closing the Gender Wealth & Investing Gap
Even as women are becoming increasingly responsible for bringing in an equal (or greater) share of the household income, there’s lagging support in familiarizing women with investment strategies. And while a large number of Canadians are not truly financially literate, men often plunge ahead with investments and other financial strategies due to their statistically greater appetite for risk....
Is it time for financial doom and gloom? We think not.20220222172401
Is it time for financial doom and gloom? We think not.
First and foremost, we must remember that this is not the time to take a short-term view of the situation. Everything has a cycle—markets, economy, taxes, and politics. This is not the first time in history we’ve experienced similar cycles, and that means we can learn from history....
What does the Custodian do for Me and My Wealth Management Firm?20210921154200
What does the Custodian do for Me and My Wealth Management Firm?
The difference between a custodian and an investment manager is confusing, but these two crucial entities work to grow and protect your wealth....
When Should Hockey Players Begin Investing?20210921152413
When Should Hockey Players Begin Investing?
Hockey players have a short earnings window and need to determine an investment strategy early on, so their wealth can carry them across a lifetime. Kent Manderville explains it all....
What a $1 Million Salary Looks Like in Today’s NHL20210421201852
What a $1 Million Salary Looks Like in Today’s NHL
April 21, 2021financial planning, hockey family office, Hockey professionals, Investment, Tax Strategies0 comments
A million-dollar salary is great and a fantastic achievement, but NHL players have to realize they only receive a fraction of that amount and they need a plan for how to protect and grow what dollars they do receive. And those dollars need to last a long while in their transition from hockey to their career beyond the rink. ...
Top 5 Questions Asked by New Physicians20210312011643
Top 5 Questions Asked by New Physicians
Starting out as a new physician is exciting, and the general assumption is that you’re sent out into your profession with everything you’ll need. But there are aspects of your practice and finances that medical school won’t prepare you for. A few key questions to consider for any physician starting out—and even some with experience […]...
A Physician’s Guide to Personal Finance and Investing20210311194556
A Physician’s Guide to Personal Finance and Investing
It’s not unusual for parents to want their children to grow up to become doctors. It’s one of most noble professions in the world and it pays well–or at least that’s the general perception. People see a young doctor and think of a Grey’s Anatomy character driving home in their Porsche to relax in their […]...