TCP

July 2022: Know the difference between a Trust Contact Person and a Power of Attorney. A Trusted Contact Person does not have authority to make transactions on your account, but the intent is to be a resource to assist me in protecting your financial interests or...

Rent or own?

July 2022: Consider the pros and cons of home ownership versus renting. What’s the right trade off long term? Building equity without having sufficient retirement savings, or renting with more flexibility and available cash for retirement savings/investments? ...

financial abuse

June 2022: Financial Abuse is the most common form of abuse, much of which is through personal relationships often leveraged to perpetrate investment fraud. To gain the trust of an older adult, a fraudster will often offer help or become a close friend. Learn more...

Bankruptcy

May 2022:  In the event of bankruptcy RRSPs and RRIFs in British Columbia are exempt from creditors, except for the last 12 months of contributions. However, if the RRSP or RRIF is an insurance product with a properly named beneficiary — specifically a parent, spouse...

family loan interest rate

May 2022:  Starting July 1st, 2022, the interest rate for intra-family loans increased from 1% to 2%. This rate is increasing again October 1st, 2022 to 3%. Depending on your situation, intra-family loans can help to reduce the overall family tax bill through a...