Protect Your Financial Future: Year-End Planning Tips for Canadians

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Canadian's financial future

As Canadians prepare to close out the year, now is the ideal time to review financial health and set the stage for a successful 2025.

Francis Gingras Roy, senior investment and financial security advisor at Manulife Wealth and author of The Investment Revolution, emphasizes the importance of a year-end financial health check to help Canadians build resilience and secure their financial future. His actionable advice includes:

  1. Set a Financial Plan: Having a solid plan helps make confident decisions and prepares you for unexpected situations.

  2. Budget and Review Cash Flow: Track your spending and income to stay aligned with long-term goals and avoid lifestyle inflation.

  3. Build an Emergency Fund: Prioritize saving for unexpected expenses to protect against financial shocks.

  4. Stay Invested and Avoid Timing the Market: Maintain a steady approach to investing—resist the urge to jump in and out of the market.

  5. Diversify for Stability: Balance your portfolio to spread risk and create a more resilient financial foundation.

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