With the winter holidays fast approaching, many media campaigns are asking us to remember the less fortunate in our communities and beyond, and to donate generously to help support them.
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If there’s one thing we can count on every January, it’s financial forecasts for the upcoming year. Whether online, in the business press, on television or on the radio, predictions abound on markets and the economy.
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If you own or plan to own a U.S. property, seek legal and tax advice from an advisor specializing in cross-border estate planning to ensure your wishes on death are realized in the most tax-effective manner.
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When a person dies, decisions regarding the funeral are left to that individual’s executor (liquidator in Quebec). Practically speaking, funeral planning normally falls to the family. Without clear instructions, this may result in distress and uncertainty.
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Events in your life or changes involving the person you designated may call for a review of your executor—also known as a liquidator, estate trustee or personal representative, depending on the province.
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Whenever you have a chance to defer paying tax, a common thought is, “Why pay tax now when I can pay it later?” However, there’s more to the story than simply postponing the tax bill.
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In a typical estate plan, each spouse leaves their assets to the other. When the second spouse passes away, assets are distributed to the children. However, an estate plan is not usually typical when you remarry and have children from a prior marriage.
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You may think the vast majority of couples retire at the same time. However, the last time Statistics Canada reported on Canadians retiring together or not, only about 30% of couples retired together.
Here’s a look at why couples retire together or apart and how each choice comes with its own benefits and concerns.
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The Bank of Canada’s interest rate cut in June was slight yet significant. It was the first rate reduction in more than four years and a signal of cuts to follow, which we’re already seeing.
One of the first things that interest rate cuts bring to mind is lowering the cost of borrowing, but they can also affect investment performance.
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Interestingly, spouses with very different—even opposite—investment personalities may quite easily develop an investment program that’s just right for the couple. Yet, in some cases, partners who view investing the same way may need to proceed with caution.
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