Financial Resolutions for 2026
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Give your finances a boost this new year. Here is a list of financial resolutions to help you become better off by the end of the next twelve months:
Eliminate personal debt. – Brad and Angie had fallen into the very common habit of buying lots of ’stuff’ with their credit cards and soon were carrying a balance from month to month. At 19.9%, it is very expensive to live this kind of lifestyle. And any new purchases attract the same financing charge from date...
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Maximize Your RRSP Return Through Asset Location
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Do you know the real rate of return on your investments? Generally, Canadians measure the success of their investments based only on the rate of return. While it provides a good snapshot of whether an investment is doing well or not, it is not the only criterion for a true picture of success. A good portfolio is based not only on the return, but also by the tax implications of the investments.
Investors can optimize their real rate of return by utilizing effective asset location strategies to reduce tax exposure. Carefully dividing your investments between registered and non-registered portfolios will help to maximize your overall return. Keep in mind, investments inside your RRSP are tax deferred and a TFSA (Tax Free Savings Account) is not taxable. But everything outside of these investments will have a...
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Too Much Life at the End of the Money
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You have probably heard the phrase; too much month left at the end of the money. Paying for housing, groceries, fuel, utilities and various child rearing expenses, although very necessary, can put a huge strain on a family when outlays sometimes exceed your income. Fortunately, this is usually only a temporary hiccup in most people’s lives.
However, people aged 40-50 years are beginning to face new financial issues concerning not only their immediate family but also their parents. Yes, parents. Increasing life spans are forcing many Canadians in this age bracket to think more and more about the financial requirements of their parent’s retirement years. There is a growing likelihood than many of today’s seniors will eventually be struggling with the problem of an underfunded...
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Success is where preparation and opportunity meet.
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Bobby Unser
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This material was prepared by AdvisorNet on behalf your Investment Advisor with Aligned Capital Partners Inc. (“ACPI”). This material is provided solely for general information and should not be considered individual investment advice or construed as an offer or solicitation to buy or sell securities. The information contained herein may not apply to all types of investors. Before acting on this material, please seek professional advice, as appropriate, based on your personal circumstances. All opinions expressed and information provided herein are subject to change without notice. Although this material has been compiled from sources believed to be reliable as at the date of publication, we cannot guarantee its accuracy or completeness. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment, please remember that past performance is no guarantee of future performance. ACPI is a full-service investment dealer and a member of the Canadian Investor Protection Fund (“CIPF”) and the Canadian Investment Regulatory Organization (“CIRO”). Investment services are provided through Shafik Hirani’s Private Wealth Management Practice an approved trade name of ACPI. Only investment-related products and services are offered through Shafik Hirani’s Private Wealth Management Practice of ACPI and covered by the CIPF.
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Shafik Hirani's Private Wealth Management Practice
#601 - 110 9th Ave SW, Calgary, AB
T2P 0T1
Ph: (587) 349-2274
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