The Hidden Role of Luck in Building Wealth

When it comes to money and investing, a lot of people fall into the same trap: chasing what’s "hot” right now. If a certain stock, sector, or trend is making headlines, many will jump in–hoping they’ve found a "sure thing.”

The funny thing is, that’s the exact opposite of how real planning works. Whether it’s a financial strategy, goal setting, or life in general, lasting results come from acting before the proof is obvious.

Think about New Year’s resolutions. When you commit to exercising three times a week or finding a new job, you’re betting on something you want, not something you already see. At first, there’s no evidence it...

Smart Tax Tips for Small Business Owners

Running a small business is exciting and rewarding–but it also comes with plenty of challenges. Between managing cash flow, building your client base, and keeping customers happy, taxes can easily slip down the priority list. With some planning, though, tax season can be less stressful and even work to your advantage.

Keep Records Year-Round

The number one rule for stress-free tax filing? Stay organized all year long. Keep receipts, invoices, and statements in one place–whether that’s a file folder or a cloud-based accounting system. Regular bookkeeping not only saves hours at tax time but also gives you a clear view of your business performance.

As year-end approaches, run a quick estimate of your income and expenses. If you’ll owe taxes, set aside funds now to avoid a last-minute scramble. If a refund is coming, filing...

When Retirement Savings Meet Healthcare Realities

Ted and Martha had always planned well for retirement–about $600,000 in their RRIFs, which gave them nearly $4,000 a month before taxes. Everything seemed secure–until Ted began experiencing cognitive impairment.

For a year or so, Martha managed to care for Ted at home. But eventually she had to make a heart-breaking decision: move him into an extended care facility.

Today, depending on your province and whether you’re using publicly subsidized or private care, costs can vary dramatically. For example:

In British Columbia, the maximum monthly rate for long-term care services (publicly subsidized) is $4,073.40 in 2025, while the minimum is about $1,466.20.

Across Canada, private long-term care can cost anywhere from $6,000 to $15,000 per month...