Finances articles

boathouse on the water

Keeping Track of Your Costs

Keeping Track of Your Costs

While there are a growing number of Canadians who are opting to live on the water permanently, the majority of cottage owners still use their property for recreation purposes. In other words, this is their secondary property as opposed to a main dwelling.  The distinction between primary and secondary property is extremely important when we

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Scotia Wealth Management Invites You

to attend a unique town hall event October 2 from 7-9pm (doors open at 6:30pm) Life is a journey of making the right financial choices. Scotia Wealth Management has built its reputation on discipline, consistency and transparency. True wealth management means listening to clients and their families and understanding all aspects of their wealth –

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Businessman And Businesswoman Meeting In Coffee Shop.

Ensuring Your Financial Affairs Are Ready For A Worst Case Scenario

Summer is finally here and while many Canadians will make the annual sojourn up to cottage country for the season, a large number will also take to the road, air and water for trips further afar. While the focus before travel is usually on getting new clothes, arranging for pets and making sure the neighbours

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Photo of Gwyneth James

Home Buyer’s Plan and Lifelong Learning Plan

You’ve been moving around and renting for the past five years or more, but now want to buy a home. Unfortunately, the only savings you have are in RRSPs. Don’t cash them in! The Home Buyer’s Plan (HBP) allows you to “borrow” up to $25,000 of your own savings. Fill out Area 1 of Form

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Andrew Pyle and staff

Avoiding the Debt Trap

Prior to the financial crisis of 2007 Canadians never knew that central bank interest rates could ever be zero, or negative as in the case of Europe. GIC rates were typically above 4 per cent and being offered a mortgage of 6 per cent was considered a good deal. Things changed drastically after the crisis

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Photo of Gwyneth James

Advocacy and Bill 148

The Peterborough Chamber of Commerce is a non-profit, membership-driven association that advocates on behalf of the Peterborough business community. Members of Chambers across Ontario, including yours truly, loudly and firmly stated their displeasure with one aspect of their government’s Bill 148 which introduced several updates to the Employment Standards Act. That aspect was the public

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Andrew_Pyle sitting

Unlocking Equity for Investing

For many Canadians the properties they own, whether it be their home or cottage, will represent the single largest investments they will make.  Individuals will no doubt have investment portfolios, such as RRSPs, but the share these represent of the total net worth picture could be small.  In some cases an excessively large percentage of

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money growing

Spring Cleaning Your Financial Matters

This past winter seemed to drag on, but with Spring finally here our thoughts turn to sprucing up the inside of our homes and getting the gardens and lakefront ready for those relaxing summer days ahead.  Spring cleaning also involves our financial matters and it’s a good time to see where things are so the

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