Harris Douglas Asset Management
36 King Street East, Suite 433 M5C 3B2 Toronto, ON, Canada

How the pandemic will shake up retirement, and what you can do now to get ready "With the arrival of a second wave of COVID-19, now seems a time to focus on more immediate concerns than how the pandemic will affect people retiring in the years ahead. But retirements that begin 10, 20 or even 30 years from now will be shaped by decisions made today."

How can David protect his new home and mortgage from job insecurity? Read the latest contribution from Stephanie Douglas in this weekend's Globe and Mail Financial Facelift series and find out what she had to say. Interested in reading more of Steph's financial facelift contributions? Check out the media section of our website at www.harrisdouglas.com. #harrisdouglas #financialplanning #investing #markets #financialadvice #financialplan

Working or learning remotely? Tips for building a home office on a budget "With schools around the country expecting some remote learning in the months ahead and employers encouraging staff to remain at home beyond the end of the year, many Canadians have decided to upgrade their workspace from the couch or kitchen table to a more appropriate setup."

Snowbirds, COVID-19 and what to do with your sunbelt property "With the spectre of a second-wave pandemic shutdown and fall weather starting to take hold in Canada, snowbirds who would normally be flocking south over the next three months are struggling with difficult decisions."

Good news, mortgage shoppers: Rates are plumbing new lows. But will they stay there? "Central bankers have a simple message for you mortgage shoppers: Interest rates will remain low for a long time. But there’s one important question such borrowers should be asking: What could go wrong with the low-for-long rate thesis?"

Beware high-risk homes that drive up insurance "When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save you a bundle."

At Harris Douglas, we are in the business of helping our clients achieve their financial goals. What are your financial goals? Give us a call today to learn how our holistic approach to wealth management can help you achieve your goals and see for yourself why we have a 100% client retention rate.* *as of September 24, 2020... #harrisdouglas #investing #financialplanning #wealthmanagement

What do as Canada Student Loan payments resume "Thousands of recent graduates are facing the end of the six-month freeze Ottawa imposed on repayments and interest for Canada Student Loans in response to the coronavirus outbreak. Oct. 1 was the first day monthly payments resume."

Canadians forced to miss work due to COVID-19 can start applying for new federal aid "Canadians forced to miss work because of COVID-19 can start applying for financial support from the federal government today."

Benjamin Franklin’s Timeless Money Advice "Benjamin Franklin was arguably the most successful person who lived in colonial America. There are many lessons to learn from his biography, but the following nugget of wisdom about choosing principles over luxury is timeless."

Ontario eyes converting emergency pandemic measures on wills into permanent legal reforms "After scrambling to pass an emergency order in April to allow virtual signing and witnessing of wills at the height of the COVID-19 pandemic, the Ontario government put out a call to the legal community last month seeking proposals for permanent reforms to the law on estates."

Five defensive personal finance moves to make as we head into a pandemic autumn "In personal finances, as in fighting COVID-19, keep your guard up this fall. Contain the risk in your investments, look for opportunities to cut spending and get out in front of your debt problems. Here are five ideas to get you going." #harrisdouglas #financialplanning #investing #wealthmanagement

Many Canadian snowbirds debate winter plans amid COVID-19 pandemic "Last Friday, authorities announced that the partial closure of Canada’s border with the U.S. will be extended until Oct. 21. While the restrictions don’t apply to entry to the U.S. by plane, and land crossings are limited to essential travel, they may still impact how snowbirds approach the winter."

Here’s How To Make A Perfect Cup Of Coffee At Home "A perfect cup of coffee can be achieved with a few steps at home - and save you a lot of money otherwise spent on those daily coffee shop jaunts!"

6 ways to relieve stress naturally "To relieve stress, you can try strategies like exercising, practicing relaxation techniques, getting more sleep, eating healthier, connecting with loved ones, and finding ways to laugh."

Canada’s household debt burden sees record decline in second quarter "Canada’s household debt burden fell by a record amount in the second quarter as consumers slashed spending during the COVID-19 crisis and put a windfall of disposable income toward paying off debt and building savings."

Biden vs. Trump on the U.S. Economy "The implications of the decision in November will not only determine the trajectory of U.S. economic policy over the next four years, they will also be felt far beyond the country’s shores."

If You Own Too Much Stock In One Company, It's A Good Time To Consider Diversifying "How much stock in one company is too much? When is the best time to start diversifying company stock or a concentrated holding? A financial plan can incorporate tax considerations, goals, timing, risk, and options to reinvest the proceeds." #harrisdouglas #investing #financialplanning #wealthmanagement #diversification

Financial Planner Shares Tips For A Happier Retirement "What does your dream retirement look like? Take action today to make it a reality." #harrisdouglas #investing #financialplanning #wealthmanagement

Donating shares from an RRIF "I have shares in my tax-free savings account and registered retirement income fund that I want to donate to charity. My broker said I would first have to transfer the shares in-kind to my non-registered account, which would be considered a sale, and I would therefore have to pay income tax. Is this true? Also, if I sell some other stocks in my non-registered account at a loss, can I use the loss to offset my taxes?"

Did you miss Paul on BNN Market Call today? Click on the link below to see how his past picks performed #Alphabet #FirstService #Disney. https://www.bnnbloomberg.ca//paul-harris-past-picks~2034833 Interested in watching more of Paul on BNN? Check out the media section of our website www.harrisdouglas.com.... #harrisdouglas #investing #financialplanning #portfoliomanagement

Paul will be appearing on BNN's Market Call today (September 14th) at noon. Tune in as he takes viewers calls on North American and Global equities! Interested in watching more of Paul on BNN? Check out the media section of our website www.harrisdouglas.com. #harrisdouglas #investing #financialplanning #markets #wealthmanagement #wealthmanager

Personal Finance For Young Adults: Stocks Vs. Bonds "You’ve probably heard of stocks and bonds. Both are essential building blocks of most investment portfolios and are often mentioned in the same breath. Stocks and bonds are two types of investments that can help you grow your moneybut how they do it and the returns they offer can be very different."

It’s Not Your Salary That Makes You Rich "A higher income level does not dictate wealth, but how you manage your money does." #harrisdouglas #investing #financialplanning #wealthmanagement

Preparing for retirement emotionally "Yes, retirement should be exciting. But for many of us, the thought of leaving our jobs forever can be daunting. After all, our careers play an important role in shaping our identity. And to suddenly cut the cord means we have to find something else to fill the void." #harrisdouglas #retirement #financialplanning #investing #portfoliomanagement

Warren Buffett and the $300,000 Haircut "From the earliest age, Mr. Buffett has understood that building wealth depends not only on how much your money grows, but also on how long it grows."

What Is a Stock Split and How Does It Affect Your Portfolio? "The Wall Street Journal tackles the ins and outs of stock splits, from how they work to why they happen less often."

4 Ways To Prepare Children Now To Oversee Their Inheritance Later "By discussing finances with your children early and often, you can set themand future generationsup for success when it's time to receive the wealth you've accrued."

The benefits and limitations of in-trust-for accounts "Many Canadians have turned to in-trust-for accounts or ITFAs to help save money for their children often for an education, but for other reasons as well."

Did you miss Paul on BNN Market Call today? Click on the link below to hear his views on the market! https://www.bnnbloomberg.ca//paul-harris-market-outlook~20 Interested in watching more of Paul on BNN? Check out the media section of our website www.harrisdouglas.com. ... #harrisdouglas #investing #financialplanning #portfoliomanagement

Managing Money as a Newly Married Couple "There are three main ways that couples manage their finances: separately, jointly, or with a combination of separate and joint accounts. Here are a few tips to help you figure out which strategies will work best for you both, along with the pros and cons of each system."

Paul will be appearing on BNN's Market Call tomorrow (August 20th) at noon. Tune in as he takes viewers calls on North American and Global equities! Interested in watching more of Paul on BNN? Check out the media section of our website www.harrisdouglas.com. #harrisdouglas #investing #financialplanning #markets

Risks That Can Derail Retirement "Make sure you have a proper retirement plancomplete with contingency and estate planningso you don’t outlive your money and be prepared for not only your finances to be affected but your personal life as well." #harrisdouglas #investing #financialplanning #retirement

Do you feel like COVID-19 has sabotaged your retirement plans? A comprehensive financial plan can help analyze your financial reality and goals while helping you set a plan to meet your retirement income needs. Visit our website www.harrisdouglas.com to learn more about our holistic approach to wealth management.

Do you have an estate plan in place for you and your family? Estate planning should be a financial priority at almost any stage of life. Visit our website www.harrisdouglas.com to learn more about our holistic approach to wealth management or contact us at 416-644-6209.