In the longest-running study on happiness, the Harvard Study of Adult Development found that social connections are the strongest predictor of happiness and health, which in turn may contribute to greater longevity.1 Retirement planning is more than a “number.” Of course, our role is to support your wealth management so you have the means to […]

Canadians are wealthier than ever. The latest statistics show that average household net worth reached $1.03 million last year and continued to rise. Total wealth has grown by 30 percent since 2019, with Millennial and Gen X wealth climbing by over 10 percent in 2024.1 Despite facing one of the toughest job markets in decades […]

When it comes to preserving family wealth, many affluent Canadians face a familiar challenge: how do I pass assets along to future generations in a tax-efficient way? In the past, we’ve discussed various ways to support an intergenerational wealth transfer, such as the use of a testamentary trust, a life annuity and introducing you, as […]

The eleventh letter of the alphabet has taken on new meaning. The letter “K” is now used to describe the bifurcation in today’s economy. Different consumer segments and the businesses that serve them are growing at different rates. Indeed, there’s a divergence. The upward-slanting arm of the “K” represents higher-income households with strong consumer spending, […]

While many of us are unhappy about the high taxes we pay, one way to ease the burden is by fully using tax-advantaged accounts. Yet RRSP participation rates have declined over the past two decades, from 29.1 percent of taxpayers in 2000 to just 21.7 percent in 2022. The good news is that high-income earners […]

One of the questions we’ve had from clients during the prolonged bull market is: How often should I change my risk tolerance? The answer: Not often. Risk tolerance is the personal comfort level that an investor has with financial risk in the markets. In the most basic sense, it is your ability to stomach swings […]

Happy 2026! If improving your financial well-being is on your list of New Year’s resolutions, a great place to start is with your estate plan. A comprehensive plan ensures your assets are distributed according to your wishes, while helping to maximize the legacy you leave behind. If you already have an estate plan in place, […]

It is the end of an era. After 60 years at the helm, one of the world’s most closely watched investors has stepped down as CEO. Very few people stay in one role for six decades. For context, the median tenure with a single employer has dropped to 3.9 years in the United States, while […]

As the year draws to a close, many retirees turn their attention to mandatory Registered Retirement Income Fund (RRIF) withdrawals. This year, there is added anticipation about whether the federal government will follow through on its election promise to reduce 2025 RRIF minimum withdrawals by 25 percent. At the time of writing, no announcement has […]