One key outcome of the pandemic is the harsh reminder that anything can happen at any time. Many Canadians recognized the importance of having a financial cushion – especially business owners affected by COVID-19 shutdowns and those unable to work. We can’t predict if or when a challenge will arise, but we can prepare to manage the financial consequences. Here are examples of unexpected events and the solutions you can put in place in advance…
Read MoreOne of the tax breaks the government gives to couples takes place when the first spouse passes away. That person’s Registered Retirement Income Fund (RRIF) can be taken over by the surviving spouse without taxes being payable at the time. So those funds continue to grow on a tax-deferred basis. But what happens if the surviving spouse only takes the minimum required RRIF withdrawals throughout retirement?…
Read MoreA lot of you may have noticed that some of your favourite products and services have become more expensive, or even out-of-stock. These are the side effects of central bank monetary policy and COVID-19 shutdowns. When consumer demand and inflation are going up, how can you be sure your investments do too?…
Read More…a trust can be used by just about anyone to meet a variety of estate planning needs. One of the most common uses is controlling how an heir or heirs will receive their inheritance…
Read MoreThe year just ended demonstrates how different investors can react to the same market conditions. Starting in early 2021 and well into the summer months, stock markets surged overall…
Read MoreIs borrowing to invest a good idea? All you need to come out ahead is a return on your investment that’s greater than the interest you pay on the loan. That makes it especially tempting when the market is climbing…
Read MoreWe all like to learn about tips and tricks to get ahead financially, but not all of them are widely known. Here’s a collection of lesser-known wealth management strategies for everyone, from students to seniors....
Read MoreListen in on what Wilmot George, Vice-President of Advisor Consulting: Tax, Retirement and Estate Planning, has to say about the outcome of the recent federal election…
Read MoreThe Graduated Rate Estate (GRE) has become an important estate planning tool in Canada since its introduction in 2015. Most trusts are subject to taxation at the highest marginal tax rate. A GRE allows the estate to use graduated tax rates up to three years post death, providing significant tax savings and the opportunity for income splitting…
Read MoreMost parents who think about helping a child buy a home have something in common. When they bought their first home, it was significantly easier to make the down payment than it is now. Today, real estate prices have escalated, mortgage regulations are stricter and the cost of living is higher…
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