Ask the Money Lady, Dear Money Lady, I invest on my own but am thinking of talking to a financial planner from my bank to expand my portfolio. Do you think that is a good idea or should I just keep doing it on my own?  Should I take on more risk to get a better return? John Dear John, Good question – but make sure your new [...]

Ask the Money Lady, To My Money Lady Readers, From many of your emails, I have noticed that a lot of you are invested in GICs, and I know this is something that you want to do to ensure you do not lose any money and maintain your capital.  Because the rates of return are now so low, GICs no longer keep up with inflation and when you [...]

Ask the Money Lady, Dear Money Lady, We are now close to the end of the year and I had great intensions to save and invest in my RRSP this year, but I have not saved anything.  I’m going to blame COVID – but it was really just me not making it a priority.  My financial planner said I should take out an RSP Loan but then I [...]

Ask the Money Lady, Dear Money Lady, I have heard that you have to pay taxes upon your death. Is that the case in Canada? And how is it determined?  As an older man I am worried about whether or not I will be able to afford this, and I would prefer to not make my children pay for it. We do NOT have a “Death Tax” but [...]