The Three Recipients of Your Wealth: Family, Tax Man, or Charity?
Introduction: As we build our wealth and financial security, it’s essential to consider the ultimate destination of our hard-earned assets. When it comes to distributing our wealth, there are typically three major contenders: our beloved family members, the ever-present tax man, and the noble causes supported by charitable organizations. In this blog post, we […]
Case study: A middle-aged dentist with an ailing elderly mother and a brother struggling with drug addiction
Lawrence is a hardworking dentist with a thriving practice and a happy family life. When his widowed, 80-year-old mother Nancy had a stroke, Lawrence knew he had to step in and ensure she had a solid plan for the future. Nancy needed to move to a long-term care home and, if she recovered well enough, […]
Case study: An enterprising couple with a clear vision for retirement but clouded prospects for selling the business
After more than four decades spent building a family and technology business together, husband-and-wife entrepreneurs Sam and Natalie are ready to think about retiring. They have a clear idea of what they’d like to do in retirement – golf, travel, and volunteer with their favourite charities – but are unsure if they’ll have enough money […]
4 Financial Lessons to Emerge Stronger from the Pandemic
It’s probably fair to say that most Canadians will be happy to bid farewell to 2020, and there are still three months to go until the end of the year. The pandemic has taken a heavy toll, from the loss of lives and jobs to the disruption of schooling and retirement. Financially, countless individuals and […]
Achieving Financial Confidence During Retirement
Everyone has their own vision of an ideal retirement. For some, it means escaping winter for warm climates and playing as much golf as possible. For others, it’s all about time with grandchildren, volunteer work or pursuing favourite hobbies. One thing that no one wants in retirement is financial stress, yet that has been one […]
Smart Financial Planning for Business Owners
Being a business owner can be stressful at the best of times. Amid mandatory lockdowns, unpredictable stock markets and a widespread economic slowdown, the past few months have dialed up the pressure and uncertainty even more than usual. Every business owner has their own unique challenges and requirements, yet some concerns are relatively universal: managing […]
Putting your needs first: Why group insurance doesn’t cut it
Employment contract? Check. Benefits? Check. Group insurance? Check. Do you clearly understand what you are covered for and are all your insurance needs taken care of? Not so fast. If you have group coverage through your job, it can
Passing on the family cottage
For countless Canadians, the cottage has a special place in our heart. It’s the patter of little feet and the joyous splash of our kids running along the dock and plunging into the lake. It’s the cozy afternoon of hot chocolate and
Women embracing philanthropy with financial planning
There is good in all of us. Particularly in Canada, we all make an effort to help those in need, whether it’s making donations, attending fundraisers or volunteering with a community group.