Planning in a changing economy

Interest rates have reached a historic low. Investors are searching for secure investments earning 2.75 per cent and settling for 2.5 per cent and 2 per cent. By comparison, in the 1980s, a 30 year bond earned 18 per cent and mortgage rates were over 20 per cent. How have many Canadians responded to today’s […]

Long-term planning for the self-employed

If running your own company is challenging on the best of days, how does a self-employed person manage financially when life throws a curve ball? Independent Beach business owner Dean Oros says having a good support network in place and a healthy cash flow helps; a positive attitude is important, too. He speaks from experience. […]

Different approaches to retirement

This column continues retirement planning examples from the Nov. 29 issue of Beach Metro News. In this issue, we will look at the individual who has no pension; one is an employee and the other is an individual who has run his own business for the last 32 years. As in the previous article, both […]

Understanding a taxing situation

So often the terms marginal tax rate, effective tax rate and average tax rates are discussed interchangeably without really understanding their meaning. Let’s take a quick look at these terms and how the information they provide can help guide your financial decisions today and in the future. For example, in 2010, Josephine’s total income from […]