latest articles

Dec
11
2023

Lessons Learned from the Wealthy

Most people want to be wealthy, or at least financially independent. The sad truth is that very few people are financially independent when they reach retirement. The rest are dependent to some extent on others or government benefits for their daily money needs.

Far too many people today live a lifestyle that is under a mountain of consumer debt. In many cases, that debt follows them into retirement. There are simple strategies to achieve financial independence; however, they may not necessarily be easy to follow.

Tags: 
financial strategy
financial strategies
Dec
11
2023

'Tis the Season of Joy: Carruthers Celebrates the Holidays!

As we joyfully approach the end of 2023, we can't help but reflect on another great year. It's time to spread warmth, gratitude, and festive cheer with our cherished clients, friends, and families.

Festive Delights at Carruthers:

Our office has transformed into a winter wonderland. We've been preparing for our annual Team Christmas celebration and embracing the true spirit of giving by sponsoring a family for the holidays and supporting the Aurora Food Pantry.

Dec
11
2023

These Rainy Days Aren't About the Weather

The last year or so has been a very rude awakening for many. Too many people today are so busy living a lifestyle, they forget that emergencies may need to be dealt with. It's all too easy to take one's cash flow for granted and get lulled into the belief that it will go on uninterrupted. Those who are best able to handle the financial rainy days that inevitably come along are in the habit of living well below their means and paying themselves first.

Tags: 
financial strategies
Dec
11
2023

Avoid the Boomer-Widow Financial Syndrome

It is seldom planned or wished for, but it is a reality and something that requires discussion - the illness and/or death of a spouse or partner. As the so-called Baby Boomer generation ages, there is a marked increase in widows suddenly left with financial situations that they do not fully understand. There are others who are forced to financially self-educate while providing quality of care for a partner that previously, and perhaps solely, took care of that role.

Tags: 
estate planning
Nov
13
2023

Year End Tax Planning Ideas

With the year's end fast approaching, here are some ideas to minimize your 2023 tax bill.

The first idea is to look at harvesting any tax losses in an investment portfolio to help offset any capital gains you may have triggered. Even if there are no capital gains, non-registered tax losses can be applied to previous year tax returns to generate a tax refund. Or capital losses can be carried forward indefinitely and used against future capital gains. Just remember to keep track of those figures as CRA may not do so.

Tags: 
tax planning
Nov
13
2023

Five Pillars of Financial Literacy

November is financial literacy month - a great time to reflect on your relationship with money and the decisions you make that guide you toward a secure future. Financial literacy is a set of five key skills that help Canadians navigate the complex world of personal finance with clarity, empowering them to achieve their important financial goals. These key pillars of financial literacy typically include the following:

Tags: 
financial strategy
financial strategies

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Mutual funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.

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