A Registered Education Savings Plan (RESP) is one way you can help lay the groundwork for a lifetime of learning. There are many financial benefits to consider as well, including government grants and tax-deferred growth of the investments within the RESP video…
Term insurance is an excellent short-term insurance option, but there are a few things to consider when the time comes to renew. Be sure to understand your needs and know your insurance options, as well as the varying insurance underwriting guidelines – being aware will allow you to make the right decisions. more…
How can you protect your assets and ensure that they go directly to your designated beneficiary? When working with your Advisor on estate plans, make your intentions crystal clear and have ample documentation to support these intentions. Communication and meticulous planning are key! more…
You’ve been diligently stashing away some money from every paycheque, contributing to your RRSP and/or TFSA. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to planning for your retirement, there are two distinct stages – accumulation and decumulation…more
The best method of covering a future tax liability, funding a gift to eliminate the tax, upon death is to purchase life insurance, which effectively transfers the risk away from the estate. Not only does it give you peace of mind, it also outperforms other alternative methods in terms of financial cost. More…
When it comes to your insurance, is it too risky to travel and what is the impact for those that have travelled or plan to do so? more…
As you navigate the ongoing impacts of covid-19 in your life, family, and business, I want to encourage you to not lose sight of the strategic and planning issues that will be the most important factors over time in determining the long-term success and sustainability of the things you care most deeply about. More…
Although all registered charities can issue donation tax receipts, not all charities can handle significant estate donations or receive more complex assets.
What should estate donors look for in a charity? More…
Those planning to pass on the cottage to their children may not realize the potential tax bomb that awaits…more
One of the most valuable assets business owners have is their private company shares. When an owner passes away, much of the company’s value will be eliminated by taxes. A proper estate plan can reduce unnecessary taxes. More…