2 min read

Funding your child’s future: Canada Learning Bond

By Trevor Lagerwerf on Nov 14, 2019 1:43:04 PM

Saving for your children’s education can be tricky. For low-income families it can be even trickier. The Canadian government has a program to help those families: the Canada Learning Bond (CLB).

Topics: Saving for the Future RESP
3 min read


By Trevor Lagerwerf on Oct 7, 2019 1:38:10 PM

From our previous blogs What is a TFSA, really? and What is an RRSP? you can learn both offer tax advantages to help you reach your savings goals.

Topics: Saving for the Future Retirement Planning TFSA RRSP
4 min read

What is a Tax-Free Savings Account, really?

By Trevor Lagerwerf on Sep 17, 2019 3:16:50 PM

A Tax-Free Savings Account, or TFSA for short, is a registered account that was launched by the Federal Government in 2009 with the goal of helping you grow your savings without paying taxes on the interest or investment income you earn. Although they’re tax-free, the government keeps track of your contributions and the earnings you accrue on your investment. It’s a bit of a deceiving name choice as there are many different investments you can hold inside a TFSA, aside from a savings account. You may hold as many TFSA contracts (or accounts) as you want, as long as you do not exceed the cumulative contribution limit. Let me break it down:

Topics: Saving for the Future TFSA Investing Advice
3 min read

Living with your investments and yourself post-retirement

By Trevor Lagerwerf on May 26, 2019 5:19:50 PM

At PenFinancial, we know that retirement is both a goal and a destination. I meet many people that have planned for how to get to retirement, but have no idea what to do with their finances or their time when they get there. They struggle to answer when I ask what their plans are for retirement. Some say they’ll enjoy staying home every day. It may sound great for a while. Lounging in your robe and not having to deal with coworkers is great. But what happens when you start to go stir crazy? What happens when you want more from your retirement? Staying home every day isn’t as great when you don’t have enough money to do anything…or any idea of what you want to do.

Topics: Saving for the Future RRSP Investing Advice Financial Planning
3 min read

Building blocks for your future: Learning to invest in your 30s

By Chris Heckley on Apr 10, 2018 7:26:08 PM

Welcome to your 30s! You’ll be spending less money on fun and more money on necessities. You’ll be spending less time with friends and more time at work. Your 30s are a time defined by one thing: change.

Topics: Saving for the Future Personal Budget Financial Planning
3 min read

Vacationing on Veranda Beach: Where to escape and explore in Niagara

By Catherine Palmer on May 18, 2017 12:21:21 PM

Finally – Spring has sprung in Niagara. Birds are chirping. Plants are growing. Mud is everywhere. Warmer winds are blowing. But when we look out our front windows at the sun on our verandas, we can imagine the glory of summer. And the fun of summer vacations! 

Topics: Saving for the Future Personal Budget
3 min read

Planning for the end of the rainbow

By Chris Heckley on Mar 17, 2016 1:21:25 PM

March: a time of great commitments. Commitment to spring breaks. Commitment to cold weather complaining and spring dreaming. Commitment to shamrock headbands and “Kiss me — my father’s second cousin was Irish!” shirts. But you don’t need to rely on the luck of the Irish to save for your retirement.

Topics: Saving for the Future Retirement Planning Financial Planning
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