Be Wary of Free Advice These days, many people are focusing more on their finances, and with good reason. Rising costs, increased job insecurity and the prospect of funding decades of retirement living are just some of the factors that might keep you up at night. How can you make ends meet while also saving for the future? If ever there was a time for financial advice, this is it. However, the challenge is knowing where to turn for such advice. Who’s credible? Who can you trust? Let’s face it,...

Consumer habits have changed drastically within recent years, and e-commerce has been steadily gaining ground. So, online shopping—is it yea or nay? It's quick, easy and convenient! But is it safe? Discover the best practices to adopt to avoid being scammed by cybercriminals. What to look out for when deciding whether a website is trustworthy? Keep cyberattacks at bay by never letting your guard down! Online data theft isn’t just a myth; the main goal of cybercriminals is to scam you out of...

As the old saying goes, the only certainties in life are death and taxes. Given this reality, it’s beneficial to have an up-to-date estate plan that reflects your wishes for potential care needs and distributing your assets to loved ones, while also minimizing your estate’s tax liability to help facilitate an effective transfer of wealth. While creating a comprehensive estate plan is important, it’s equally important to communicate your plan to family members – as well as your specific...

  It’s normal to have questions about the best savings vehicles for you.   To determine which one is best for you, it is important to ask yourself one question: “What am I saving for? Short- and medium-term projects or long-term projects?” Depending on how you answer this question, you will be able to move toward an RRSP, a TFSA or another type of investment account. RRSP If you’re thinking about retirement and/or your current income is higher than it will be when you retire,...

Building wealth is essential when trying to reach important financial goals, be it funding a child’s education, buying a home or enjoying a comfortable and meaningful retirement. Working with an investment advisor is often a good way to save more money, achieve greater tax efficiency and grow long-term wealth through investing. However, investing for the future can be highly complex and typically requires specialized skills, experience and discipline to succeed. The same applies to retirement...

Contest for clients only. We Value Your Feedback! Leave your Comox Valley Infinity Wealth/iA Private Wealth advisor a Google review for a chance to win a $200 gift certificate to the OhSpa in Courtenay. Between February 5th and March 5th, 2025 click here and share your experience with us. Each review will an entry to the contest. The winner will be contacted on March 6th, so don’t miss your chance to participate. Please read the rules here.

Paying off debt is an important step towards stress-free financial health. Here are a few tips to help you. Analyze Take a moment to determine how much you’re paying in interest on your various sources of credit. Imagine if this amount went directly into a savings account! Print your recent statements, get out your coloured markers and categorize your expenses. It will surprise you to see how much you spend on certain expenses and where your money is going. Budget You might find it easy...

What should your priority be: to pay down debt or grow your savings? It depends on your situation. Take a look at yours and see what works best for you. Advantages of paying down debt By paying off your debt more quickly, there’ll be less interest to pay and the repayment period will be shorter. Advantages of saving for retirement It’s no secret: the earlier you start to save, the more time your money will have to grow. What’s more, by contributing to a registered retirement savings plan...

According to the 2019 Canadian Financial Capability Survey conducted by the Government of Canada, “about 1 in 6 Canadians (17%) say their monthly spending exceeds their income, while 1 in 4 (27%) say they borrow to buy food or pay for daily expenses.” To stay on track with your financial goals, a budget is an indispensable tool. It allows you to keep track of how much money you have coming in and going out, to identify unnecessary expenses and to help you set aside money for your personal...

August 12, 2024 In today’s increasingly complex market and economic environment, the steady hand of an experienced advisor can make all the difference in reaching your financial goals. Working with an Investment Advisor can result in comprehensive, personalized wealth planning for every stage of life, giving you greater control over your finances and peace of mind as you approach the future with more confidence. But not all advisors are created equal. So where do you start? Thankfully the...