Food For Thought: We’ve Never Been Wealthier
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 […]
High-Net-Worth Planning – Cascading Life Insurance
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 […]
What Is the “K-Shaped” Economy?
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, […]
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 grueling Navy SEAL training – lessons that helped him […]