Personal Finance articles

Wealthy on paper, couple with $2.9 million in assets needs to sell a property to finance retirement

Wealthy on paper, couple with $2.9 million in assets needs to sell a property to finance retirement

Situation: Couple has two houses, modest financial assets and no company pensions Solution: Sell city house, pay debts, buy condo until wife’s retirement, move to the cottage A couple we’ll call Fred and Felicity, both 60, live in British Columbia. Fred retired a few years ago from a job in publishing. Felicity does seasonal administrative

Former Dragons’ Den star’s divorce case highlights trouble with ‘expert testimony’ in family law

Robert Herjavec, an entrepreneur and Canadian reality television personality best known for his appearances on Dragon’s Den and Shark Tank.Files The more complex our world has become, the more likely it is that litigation will involve expert evidence. Many family law cases require the expert testimony of psychologists or social workers who make recommendations on

This Alberta couple has all their kids’ education money in cannabis stocks. What could possibly go wrong?

Currently this family's RESP is almost entirely invested in marijuana stocks.National Post illustration Situation: Three kids, three rental properties, and a lot of pot stocks in portfolios Solution: Sell rentals, build RRSPs, TFSAs, diversify, cut taxable income In Alberta, a couple we’ll call Emily, 40, and Robbie, 37, are raising three children on a combined

Toronto and Vancouver most ‘vulnerable’ to interest rate hikes as personal debt soars, CMHC warns

Personal debt levels in Toronto and Vancouver continue to hit record-levels.Postmedia Network TORONTO — Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency

Canadians’ household debt burden creeps higher

Total credit market borrowing, however, slowed for the third consecutive quarter.Canadian Press OTTAWA — The amount Canadians owe relative to their income ticked higher in third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally-adjusted basis. That compared with

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