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

BORROWING TO INVEST

Is 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 and interest rates are low, such as right now. Say that an investor contributes their maximum allowable amounts to their … Read More

SHOULD YOU HELP YOUR CHILD BUY A HOME?

Most 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. So a parent might feel it’s reasonable to step … Read More

LESSER-KNOWN WAYS TO PROFIT AND SAVE

We 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. A WIN-WIN FOR CRITICAL ILLNESS INSURANCE Did you know you can purchase critical illness insurance and get back all of your premium dollars if you … Read More

WHY FINANCIAL LIFE SHOULD INVOLVE BOTH SPOUSES

If you’re like most couples, each spouse ends up assuming responsibility for certain roles. Usually, that’s all well and good – but not when it comes to financial life. Here are several reasons why you’re better off when both spouses are involved in wealth management. APPROACH GOALS MORE EFFECTIVELY Very often in money matters, two heads are better than one. … Read More

RETIREMENT AND THE “WHERE” FACTOR

Have you thought about where you’ll enjoy your retirement? Hundreds of thousands of Canadian retirees believe the best place to spend winter is in the U.S. Sun Belt and other warm destinations. Many purchase vacation properties in Canada where they stay for long stretches throughout the year. Some are quite happy to stay put and others move to be closer … Read More