Bill Richardson & Associates - Harbourfront Wealth Management

01/25/2024

Even with inflation, studies show that Canadians are still making travel a priority. This article has some great tips on saving money while travelling and budgeting for travel.

Here are some ways Canadians can save money on travel for holiday vacations and beyond—including flight hacks, thrifty destinations and more.

01/24/2024

The CRA is discontinuing the flat-rate method for 2023. Employees will now require the detailed method and a completed Form T2200 from us for home office expenses. On the bright side, there are no more handwritten signatures needed. Get all the details here:

The CRA is no longer offering the flat-rate method to claim employment expenses for 2023

01/22/2024

This is a prime example of why you shouldn't take investing advice from social media and why every account should have 2-factor authentication enabled. The Securities and Exchange Commission (SEC) experienced a security breach on Twitter, resulting in a false announcement of Bitcoin ETF approval, causing a brief spike and subsequent drop in Bitcoin prices, prompting calls for accountability and highlighting concerns over social media account integrity.

Gary Gensler says SEC's account on X was hacked

01/20/2024

For Canadians still working after retirement, the question of whether to extra income into a TFSA or continue to contribute to an RRSP can be hard to answer. This article explains the risks and benefits of each approach.

Working Canadian retirees may look at CPP and OAS as extra income. Is putting that money in a TFSA or RRSP the better choice?

01/04/2024

Bank of Canada's governing council indicates reduced chances of further rate hikes, citing positive data and optimism on inflation. Key interest rate at 5%, highest since 2001. Get the details:

Rate cuts aren't around the corner, the European Central Bank suggested

01/03/2024

Wishing you a wonderful New Year! From all of us at your Midland Harbourfront Wealth Management team!

01/03/2024

Are you ready to make a change in your spending habits for 2024? Avoiding these three money mistakes will help you start the new year off on the right track!

Three money mistakes not to repeat next year.

12/23/2023

People often wonder exactly how much they should be saving each month - and while there's no one-size-fits-all-all number, this article gives an excellent foundation for understanding how much of your income you should be saving each month and gives some tips on how to save more each month. Read more:

No matter your age or job, learn how much you should have in savings at age 30, 40, and beyond, including how much to save for retirement and a house.

12/23/2023

Splitting an estate between multiple beneficiaries can be tricky. While each situation has its nuances, this article has some great advice and questions to consider if you're in this situation. Read it here:

Three siblings are beneficiaries of their parents’ estate, which includes several properties and investment accounts. How should they divide the assets?

12/09/2023

The markets have had a rough year, with more than half of the stocks in the S&P/TSX Composite index having negative returns this year. This article explains why that puts investors in a position to take advantage of tax-loss harvesting. Read more here:

More than half of the S&P/TSX Composite had negative price returns as of mid-November, report says

12/06/2023

If you have a family cottage, you want to pass down to your kids, understanding the tax implications of cottage succession and common mistakes people make when planning for it is important. This article clearly outlines what you need to consider before passing down property like a cottage.

Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.