Recently I was researching the histories behind  the creations of the RRSP and 401k for a presentation I was preparing for  tax specialists in Southern California. It occurred to me how little decisions can make big differences in our end results and how we see and act in our worlds.
In essence, our intent and the [...]

The financial industry is constantly evolving. For many years, people turned to stockbrokers for money matters. Then, insurance agents entered the picture. Stockbrokers are now called financial advisors, and insurance agents are sometimes financial planners. There are independent financial planners, fee-only money managers and even public accountants take care of clients’ money at some accounting [...]

Recently, I attended a reunion for my high school. Both my wife and I had a great time. There I saw friends I had not seen for over 25 years. Into the evening one friend approached me and shared his story. Tom was a great guy, he had attended law school, had been called [...]

Recently I was contacted by a Bottom Line reader who was a partner of a public accounting firm in Toronto. The reason for his call was he was getting prepared to perform his annual review meetings with all his clients for the 2009 tax year. He shared with me that the reason for his [...]

As a part of retirement planning annuity income can compliment other incomes you are receiving. There are two types of annuities – “life” and “term certain.” Both these types of annuities can be registered and non-registered. This article will outline the details of life annuities and suggest reasons why you may wish to consider [...]