How to Increase your Tax Return with RRSP Contributions

by Invisor Last updated on January 16, 2018

Photo by Rob Bye on Unsplash

It’s almost time to get your 2017 income tax statements ready, and while we’re well into 2018, there is one more thing you can do to increase your 2017 tax return: contribute to your RRSP. 

One of the biggest advantages of investing in a Registered Retirement Savings Plan (RRSP) is that any contributions you make will reduce your taxable income in the year the contribution is applied to. While the prior tax year is over, the government allows you to also apply contributions to the prior tax year if they are made in the first 60 days of the following year. The deadline for 2017 RRSP contributions is March 1, 2018.

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Economic Update: 2017 Year in Review

by Josh Miszk Last updated on January 04, 2018

Looking back over the past year, global equites ended up performing stronger than most analysts predicted, consumer confidence improved, volatility was down, and central banks kept inflation in check. All in all, besides weakness in the US dollar and underperformance in Canada, portfolios had a very strong year.

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How to Include Charitable Giving in Your Financial Plan

by Invisor Last updated on December 20, 2017

Photo by Roman Kraft on Unsplash

There’s no question that charity is most on our minds during the holidays. There’s no shortage of office food drives, calls for volunteers at local soup kitchens, and donation boxes scattered throughout the mall. Whether you choose to participate in these activities, or you’re considering donating to a charity through the holidays and beyond, there are many ways to give back, no matter your budget.

If you’re feeling apprehensive about the cost of charity, consider these options on how to include charitable giving in your financial plan. You might be surprised at some of the items and their benefits.

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Economic Update November 2017: A Look at Volatility in the Rear-view and Ahead

by Josh Miszk Last updated on December 06, 2017

Following the election of Donald Trump in November 2016, the outlook for the year ahead held the promise of political volatility and, as a result, economic volatility. It’s fair to say that politically, we’ve been let down, but the market has actually had one of its least volatile years on record, and global markets are all in the black. In this update, we’ll look at the key drivers to this low volatility and discuss whether the trend will persist going forward.

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#FINLITxINVISOR: Answering Your Questions For Financial Literacy Month

by Invisor Last updated on November 28, 2017

Photo by Nik MacMillan on Unsplash

No matter where you are in your personal finance journey, you're bound to have some questions at one point or another. What should you be investing in? Do you really need that insurance product everyone keeps talking about? How much is enough when you're saving towards a goal?

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Your 2017 Holiday Budget Guide

by Invisor Last updated on November 15, 2017

Photo by Andrew Neel on Unsplash 

We may only be half way through November but there’s no denying it: the holiday season is here and, whether we’ve prepared for it or not, the rush of holiday parties, family get-togethers, gift exchanges, and planning for New Year’s Eve is right around the corner.

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Economic Update October 2017: Is There Room to Go From Here?

by Josh Miszk Last updated on November 03, 2017

Global markets surged in October setting a series of records throughout the month. For many investors, the question now is whether the current valuations are stretched or if there is still room to go. While there is no shortage of black swan events that could derail the current rally (i.e. North Korea and Washington), market fundamentals support the current valuations. 

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Should You Rely on Your House to Fund Your Retirement?

by Invisor Last updated on October 25, 2017

Image: Nathan Walker 

If you own your home, there’s likely a lot of equity tied up in it, especially with the spike in house values we’ve seen the past couple years. If you’re planning on downsizing in retirement, you might be considering funding your post-work years with the money earned from selling your home. In fact, according to a recent study by the Ontario Securities Commission, nearly 4-in-10 homeowners in Ontario aged 45 and over are relying on the appreciation of their home to get them through retirement.

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Economic Update September 2017: Resilient Markets

by Josh Miszk Last updated on October 03, 2017

North American equity markets showed resilience to significant geo-political tensions and natural disasters in September. On one hand, the North Korean threat to the world escalated significantly with the latest nuclear test, while on the other hand hurricanes Harvey and Irma caused devastation in various parts of the US and the Caribbean.

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How Simplified Issue Insurance Makes Buying Insurance Easy

by Dan Poole Last updated on September 20, 2017

Photo by Tran Mau Tri Tam on Unsplash

Buying life insurance is easier now than it has ever been – including buying online!

Although it is a few years old now, a concerning study was published in 2014 that revealed far fewer Canadians were buying life insurance than three decades ago, yet one-third of Canadian households would face financial difficulty if the primary household earner were to pass away. Why would people NOT buy insurance despite having a need? Some of the most common reasons we have heard are:

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