Business & 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

Trudeau is right: 40% of Canadians don’t pay income taxes, which means someone else is picking up the bill

Prime Minister Justin Trudeau said this week “low-income families don’t benefit from tax breaks because they don’t pay taxes."Cole Burston/The Canadian Press Many people were upset with Prime Minister Justin Trudeau this week for saying “low-income families don’t benefit from tax breaks because they don’t pay taxes.” Of course, some were upset because they felt

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

The real reason people fail to save enough for retirement — and what you can do to limit the damage

Perhaps as important as how much you need to save to retire is an understanding of the things that prevent people from saving enough in the first place — despite their best intentions.Illustration by Chloe Cushman/National Post files While there are conflicting opinions on whether Canadians are saving enough for retirement, there is no doubt

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