In Canada, there are three ways you can grow your savings tax-free. Tax-Free Savings Account Principle Residence MTAR Accounts Most Canadians aren’t aware of MTAR accounts and the huge benefits they provide. This is especially true if you plan on leaving funds to the next generation. Looking for more? Download your 20 Retirement Tips: Your…
Last week, I spoke about buying into the stock market when prices were low. As we saw, there have been many occasions where it would have been opportune to buy low over the last 25 years. How about investing when markets are at all-time highs? As we can see from the graph above, the US…
Our quick thoughts on whether or not you should be adding Bitcoin to your investment portfolio. Here are a couple of links if you are looking for more information on Bitcoin and Cryptocurrencies What are Cryptocurrencies Bitcoin Chart Looking for more? Download your Farm Transition Guide Today! Farm Transition Guide Ten useful tips to help…
Have you ever heard the term “buy low, sell high?” For those of you who haven’t, this is a simple investment strategy that advocates to buy into the stock market when prices are low and to sell when prices are high. If we look back at the US stock market, we see numerous occasions where…
Investing Your Entry Level Contract A question that often comes up from parents and players is at what point should they begin investing. Does it make sense to wait until you’re actually playing in the league, or should you start as soon as you receive your first bonus? Although there isn’t a set-in-stone answer as…
I was recently featured on the Junior Hockey Magazine Podcast hosted by Gino Reda. Their segment “Where Are They Now” focuses on former CHL players who have transitioned into their lives after hockey. We discussed my experience in the WHL, the importance of education, attending the University of Manitoba, and how I’ve transitioned into my…
Today marks the one-year anniversary of the stock market hitting its bottom on March 23, 2020. At the time, there were still so many unknowns with COVID-19. In fact, the media was still calling it the Coronavirus. A couple of days after the market hits its bottom, I wrote an article called Click Here to…
The NHL Pension – What you need to know If you play in the NHL, you’ll be enrolled in the league’s pension plan, as outlined in the Collective Bargaining Agreement (CBA). Unless you’ve had several cups of coffee and actually enjoy reading legal jargon, the CBA can be a pretty tough read. So, here’s a…
How much of their salary do NHL players keep? In my article – how do pro athletes go broke – I highlighted that a leading cause of some high-income earning athletes experiencing financial trouble occurs because they don’t have a firm understanding of how much money they actually make. Just because TSN reports that an…
One of the biggest issues with an RRSP is the tax bomb it can create. We first go over the Canadian tax system to understand why this tax bomb can happen and then a strategy on how to avoid it! Looking for more? Download your 20 Retirement Tips: Your Complete Guide today! “Tons of information,…