Hey look at that...I learned a new term today!
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BUT, as I mentioned earlier, people that work with an Advisor are less stressed about money than those who don't...
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No more $45-$50 fee because you were 3 cents short on an auto-withdrawal you forgot about...and then another one because they tried to pull the funds again 2 days later.
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That number went down significantly with Canadians that have a financial plan.
If you don't want to be in the 67%, reach out. The earlier you start, the easier it is!
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Up from $1.54m last year.
With an average annual rate of return of 6%:
If you started at 25, you'd have to save $915/month ($457 each) to hit $1.7m at 65.
35 - $1,790/month ($895 each).
45 - $3,850/month ($1,920 each).
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If you haven't already...you might want to get on this next week!
I mean, assuming you want to lower your 2025 taxable income...
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Income tax refunds...carbon rebates...CPP payments...etc. People getting paper cheques, sticking them in a drawer, and forgetting about them.
$2 BILLION worth!
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Starting to trend in the right direction again!
It was 64% in 2019 - right before covid. Just a guess...but I'm thinking the pandemic wiped out a lot of Emergency Funds and they haven't been built back up yet. Just a guess though.
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If you have the same priority for 2026, and want some help to make sure you hit your goals, reach out...I know a guy who can help ;)
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The gap in Ontario was the largest (over 30%), with people requiring $794,400 of coverage but only having $552,000.
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Have you SEEN the price of Ten Lords-A-Leaping this year?!! GREAT GOOGILY-MOOGILY!!
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Die Hard (1988) was number 16.
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That's a whole lotta chequing account monthly fees! ;)
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I would really expect this to be higher but I'm glad it's not!
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Smart...
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A few good stats come out of this survey. I'm sure we'll see more of them as we get closer to the holidays :)
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RDSP = Registered Disability Savings Plan.
Highlights:
Up to a 300% grant match - PER YEAR - on your contributions
Up to $1,000 in bond contributions - PER YEAR - regardless of what you contribute
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And number 7 is set to come out in February next year.
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A "milestone" is any event of achievement that marks an important stage in your life. Think...buying a house, or paying all debt, or retirement, etc.
BTW...I have "CFP" in my bio....just sayin'
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Last week, for the first time, they added a 30 year bond to the mix which was "well received by investors."
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So, as of January 1, 2026...if you were born in 1991 or earlier...and have never had a TFSA before...you can put $109,000 in that bad boy with no over contributions penalties. You know, incase you happen to find $109,000 in the couch cushions or something...
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I had a short chat about FHSAs at an event last night which sparked this post.
It's a pretty popular account - and for good reason! If buying your first home is on your radar, one of these should probably be in your plan.
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I agree with the 89% but I'm also genuinely surprised
When looking at those who had life insurance vs. those who didn't - those WITH felt more in control of their finances and more prepared for unexpected life events - makes sense as that IS the point of getting insurance!
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Cost was the biggest reason the 65% weren't likely to get it.
That said, it can be WAY less expensive than people think.
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That's a good thing btw...this is a good change ;)
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The earlier you start, the easier and more likely it is that you'll hit any goal.
If you'd like to be part of the 25%, send me a message. I'll help you get there.
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That's not the trendline we want to see.
If you're not sure where to start, reach out...I can help.
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