Why you still subsidize some channels when you pay your cable bill

Little wonder that the CRTC has been the focus of so much public contempt

Why you still subsidize some channels when you pay your cable billForget for a moment that roughly five per cent of your cable bill goes to subsidize films and shows that not enough people watch: the Canadian Radio-television and Telecommunications Commission is about to dip back into the 20th century and tell you what to watch and make you pay for it. The federal regulator announced last month…

Choosing and maintaining the right life insurance plan

Examining the three types of permanent insurance: term to 100, whole life and universal life plans

Choosing and maintaining the right life insurance planThere are many types of insurance and many ways to look at how it fits into your financial plan. In my last column I wrote about term insurance being the “if you die prematurely” option. In this column, I'm going to do a basic review of permanent life insurance plans. There are three types of…

Life insurance is more affordable than you think

Term insurance allows the most amount of coverage with the least amount of cost for a select period of time

Life insurance is more affordable than you thinkFrom a pure income replacement point of view, perhaps basic term life insurance should be called death insurance. It isn't because people do not like to think of their own mortality. Like all insurance, you pay a monthly or annual premium for life insurance. In exchange, the insurance company pays you – or in the case…

Gender diversity doesn’t guarantee higher returns

While gender diversity is a good idea, management should remain focused on how to adapt to new opportunities or potential hazards

Gender diversity doesn’t guarantee higher returnsA few months ago, State Street Global Advisors (SSGA), the self-described "third largest asset advisor in the world," celebrated the first anniversary of its creation of a new specialty exchange traded fund. Its name is a mouthful: the SPDR SSGA Gender Diversity Index ETF (SHE). An exchange traded fund, or ETF, is a basket of…

Layer your retirement income to minimize your tax bill

RRSPs aren't the only financial vehicle that help you manage your taxes over time

Layer your retirement income to minimize your tax billHaving multiple retirement income sources is a great idea. And that diversity, with proper planning, can reduce the income tax you pay. Most of us understand the basic retirement savings methods: a registered retirement savings plan (RRSP) or a spousal RRSP. We save a little bit of money when we can and reduce the income…

Should you be a Do-It-Yourself investor?

Your time is valuable, and many people don’t have the willingness or knowledge to tackle the task on their own

Should you be a Do-It-Yourself investor?I’m often asked if you should be a do-it-yourself investor or hire someone to give guidance. My answer is always the same: it depends. If you’re a DIY investor, how much time and effort are you willing to put into managing your money? There’s a cost to managing your money no matter how you do…

Diversifying your portfolio in one neat package

An ETF is a low-cost mutual-like fund that trades on the stock market, with a significantly different fee structure

Diversifying your portfolio in one neat packageExchange-traded funds (ETFs) seem to be all the rage. There are more than 600 ETFs traded on the Toronto Stock Exchange and it seems like new ones are being created almost every day. An ETF is basically a diversified investment pool that’s very similar to a mutual fund, with the exception that they’re sold or…

The trouble with money

We crave, mythologize, demonize and fight wars over money. Why can’t we just treat it with respect and maintain harmony in the home?

The trouble with moneyMy husband and I recently got into a mild argument over finances. It started with calculating costs for a trip east with friends to see a football game. It ended with a tally of summer bills and how on earth they would ever get paid. This happens in countless households. Money – or lack of…

Taxing professionals no way to grow the economy

The Canadian government has eliminated tax credits without using the resulting revenues to cut rates more broadly

Taxing professionals no way to grow the economyBy Charles Lammam and Jason Clemens The Fraser Institute The Liberal Party ran on and won the 2015 federal election in large measure because of its promise to improve the economy. Unfortunately, in too many cases the actions of the now-governing Liberals run contrary to this important goal. The latest example is the government’s proposal to eliminate…