June 2020 Book a Meeting
 
 
Canada: True North Strong and Free - Together

Over the past several weeks, provinces across Canada have relaxed social distancing rules and begun the process of "re-opening" for business.

Looking back over the past three months, while there have been many moments of stress and anxiety, there have also been moments to be thankful. What is there to be thankful about?

First, we can be thankful for all the frontline workers (doctors, nurses, grocery clerks, etc.,) who stood tall and brave when we needed them most to keep Canada running during this unprecedented COVID-19 pandemic. And to...

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Economic Crisis Teaches Important Lessons

If any good can come from an economic downturn it is that people are forced to think more seriously about their financial success strategy.

Many people affected by the economic damage wrought by the recent COVID-19 pandemic will change their financial habits by cutting back on spending, reducing debt and increasing their savings. But, for many other Canadians, life will likely continue as usual where the pursuit of an optimal life style now overshadow concerns about future financial security.

It’s not uncommon for successful people in their 30s and 40s to conduct their financial lives under the impression that...



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When Should I Start Receiving CPP?

If you apply on your 60th birthday, you’ll get about 30% less of the age 65 monthly pension. But, if you wait until you’re 70, you’ll get about 40% more. Should you hold out for the higher income, or start early?

Start early and you’re sure to get it. If you wait, and die before it starts, the income you could have had is lost...

Start early and you’ll get more. Every year you postpone it means twelve payments that you will never get. This is money you could be saving and investing. Your investments probably could produce far more than you might gain by postponing the start of your CPP income. Early CPP payments can augment your RRSP. If you don’t need...



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You have power over your mind - not outside events.
Realize this, and you will find strength.
Marcus Aurelius
 
The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering of tax, legal, accounting, or professional advice. Readers should consult their own subject matter experts for advice on the specific circumstances before taking any action. The opinions expressed are those of the owners and writers only. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus of the mutual funds in which you invest. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc., Other Products and Services are offered through Flann Financial Group.
 
Flann Financial Group
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Ph: (604) 881-1200