Supporting a Home Purchase? Five Questions to Ask
Without a doubt, home ownership has become increasingly out of reach for younger generations (chart, bottom). Canadian home prices have risen faster than in any other G7 country—nearly quadrupling over 40 years (graph, bottom). As such, many families are stepping in to help. Beyond easing financial stress, this support can have added benefits. Many high-net-worth […]
Summer Celebrations: Advice for New Grads (and Old Grads Alike!)
“If you want to change the world, start off by making your bed.” —Admiral William H. McRaven In 2014, Admiral William McRaven delivered a commencement speech that quickly went viral, amassing over 10 million views. In it, he shared 10 principles he learned during his gruelling Navy SEAL training—lessons that helped him navigate not only […]
THINKING AHEAD: Planning a Tax-Efficient Withdrawal Strategy
“A dollar’s value depends on the tax trail it travels.” How and when you access your income sources can influence the taxes you pay, your eligibility for government benefits and your long-term financial health. Whether you’re accumulating wealth, transitioning between career stages or planning for retirement, a tax-efficient withdrawal strategy can make a meaningful difference. […]
The Illusion of Speed
It has been said that “there are decades where nothing seems to happen, and there are weeks where decades happen.” The sweeping global tariffs, announced by the U.S. on April’s “Liberation Day,” caught the world off guard—disrupting long-held norms in global trade and world order. This may signal the beginning of a new chapter—one where […]
Investing in a Corporation
Download this PDF here. For business owners or incorporated practitioners that generate surplus funds not required to meet personal lifestyle needs or the needs of the business or practice, the question becomes how to maximize the value of these funds? As personal marginal tax rates can be significant, does it make sense to simply invest […]
Why Warren Buffett’s Cash Reserve Is Growing
Warren Buffett’s increasing cash reserves at Berkshire Hathaway have drawn significant attention from market watchers. In his latest annual letter—eagerly awaited each year by many investors for its sage wisdom—Buffett addressed the topic directly: “Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in […]
Food for Thought: A Weaker Canadian Dollar
The Canadian dollar’s (CAD) weakness has raised questions about its broader impact and the path forward: The CAD is trading below its historical average. To start 2025, it fell below 68 U.S. cents—a level not seen in two decades. The decline has been driven by factors such as diverging U.S. and Canadian monetary policies (lower […]
Spring Cleaning – When Less Is More: Simplifying Your Finances
Former Wall Street Journal finance columnist Jonathan Clements has long advised readers to plan on living past age 90. But when, at age 61, he was diagnosed with an illness that gave him just a year to live, his financial priorities shifted. His focus turned to ensuring his family would be well-prepared for a time […]
We’re Finalists Again! Wealth Professional Awards 2025
We are thrilled to share some exciting news with you! Cresco has once again been recognized as finalists in the prestigious Wealth Professional Awards 2025, being named Excellence Awardees in three coveted categories: 🏆 Advisory Team of the Year 🏆 Canadian Advisor of the Year – Dean Bradshaw 🏆 Excellence in Philanthropy and Community Service […]
Federal Government Defers Capital Gains Inclusion Rate Increase to 2026
Download this PDF here. The Minister of Finance and Intergovernmental Affairs, Dominic LeBlanc, announced that the federal government will postpone the implementation of the proposed increase to the capital gains inclusion rate—from one-half to two-thirds. Originally set to take effect on June 25, 2024, the new proposed implementation date is now January 1, 2026. While […]