TIME FOR A VACATION PROPERTY CHAT?

If you plan on passing down your cottage, cabin or chalet to your children, make sure they actually want to own the property. Finding out where everyone stands will prevent family conflicts down the road and help you with tax and estate planning. GAUGE YOUR CHILDREN’S INTEREST When you ask your child or children about eventually taking over the property, … Read More

SINGLE? ESTATE PLANNING IS STILL IMPORTANT

It’s natural to think that estate planning for a single person would be less involved than for someone who’s married with children. But that’s not necessarily the case. Many estate planning measures that are made automatically by a married individual, such as leaving estate assets to their spouse, require more time and thought for a single person. CHOOSING AN EXECUTOR … Read More

WHAT TO DO WHEN RETIREMENT APPROACHES

When retirement arrives, you want to enjoy this new chapter in your life – not start off with a multitude of financial decisions and to-dos. You can have comfort instead of chores by taking care of a few financial matters as retirement is approaching. ASSESS INSURANCE NEEDS When your working years end and you no longer receive group benefits from … Read More

IS CRYPTOCURRENCY FOR INVESTORS OR SPECULATORS?

Can you name three things you can pay for with cryptocurrency in Canada? If you’re like most Canadians, you’re probably struggling for an answer, and this illustrates what makes cryptocurrency so unusual. Without fulfilling its purpose as a viable currency, it has become a worldwide investment phenomenon. If you want to know three things cryptocurrency can pay for, here are … Read More

CONCERNED ABOUT INFLATION?

Recently, Canada’s inflation rate climbed to a 30-year high. While that affects our cost of living with goods and services getting pricier, rising inflation also impacts our investments. The good news is that inflation is already one of the potential investment risks that money managers and advisors monitor and respond to, as needed. IMPACT ON INVESTMENTS Generally, an inflationary environment … Read More

RRIF, MEET JLTD

One 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 … Read More

PREPARE FOR THE UNEXPECTED

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 … Read More

RESPONSIBLE INVESTING IS ALSO SMART INVESTING

Today, more and more investors have greater expectations from the companies they invest in. It’s about more than companies turning a profit – it’s about how they do it. Are they protecting or harming the environment? Are they respecting or disregarding human rights? Investors want to know that companies are good corporate citizens. Investment management firms have reacted to investors’ … Read More

CONTROL THE INHERITANCE YOU LEAVE TO YOUR HEIRS

If you were to imagine someone establishing a trust, you may picture an individual leaving their hilltop mansion and being driven by their chauffeur to stately law offices visited only by the rich and famous. In reality, a trust can be used by just about anyone to meet a variety of estate planning needs. One of the most common uses … Read More

WHEN’S THE BEST TIME TO INVEST?

The 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. Some people wondered if they should boost their investment amounts to capitalize on the booming markets. But others worried about buying into the market at all when prices are high. Investors … Read More