Estate Planning: Worried About Beneficiaries
Though the pandemic now feels like a distant memory, it did bring about some positive changes. One notable outcome was that many clients began to take a closer look at their estate planning. In doing so, some discovered that they were concerned beneficiaries might not be able to responsibly manage their inheritance. As a result, […]
The RESP: Would You Turn Down “Free Money?”
There are many reasons to consider a Registered Education Savings Plan (RESP) to save for a child’s future education: tax-deferred growth within the plan, earnings taxed at the child’s tax rate when eventually withdrawn and, of course, the Canada Education Savings Grant (CESG). The CESG consists of funds paid into the plan by the federal […]
Cultivating Financial Habits from a Young Age
“The best way to teach your kids about taxes is by eating 30 percent of their ice cream.” – Bill Murray, Comedian While repeated in jest, this witty remark highlights an important truth: teaching children about financial responsibilities early on can have lasting impacts. Many of us spend our lives working hard to build […]
Live Long & Prosper: Better Health, Better Wealth
Many of us remember the classic Star Trek mantra “live long and prosper,” which may be worth reflection as we enter the leisurely summer months. The keys to a longer and more prosperous life are often rooted in fundamentals that include both health and wealth. Better Health, Better Wealth Not surprisingly, physical, mental, and […]
Three Perspectives On Our Higher Cost of Living
With higher inflation, the increasing cost of living has been top of mind for many Canadians. While there has been good news on the inflation front given continuing signs of easing, here are three perspectives on our rising cost pressures. 1. Today, less of our paycheques go to necessities. Despite a substantial rise in […]
Increasing Capital Gains Inclusion Rate: Planning for the Cottage or Cabin
Welcome to the summer – and the return of cottage and cabin season! While many of us are eager for some rest and relaxation, cottage and cabin owners may face new concerns due to increases to the capital gains inclusion rate. Looking ahead to when property is eventually transferred or sold, owners are likely to […]
Video: Timing Your CPP Benefits – To Defer, or Not to Defer
To Defer or Not to Defer: Realizing Capital Gains
The proposed* increases to the capital gains inclusion rate have prompted some investors to ask the tax-planning question: To defer, or not to defer? Tax deferral is commonly viewed as a way for investors to create greater future returns, since funds that might otherwise go to paying tax can remain invested for longer-term growth. Yet, […]
Thinking Beyond Retirement: A Higher Purpose
It has been said that “if you are what you do, when you don’t…you aren’t.” As you think ahead, have you contemplated a plan for what you will do in retirement? Many of us plan by working hard, saving consistently and investing for the future to ensure a financially secure retirement. As stewards of […]
Video: Behavioural Finance – Understanding Hidden Biases
