Wealth Management

When people think about financial planning, they often focus on investments, retirement savings, and tax strategies. While these are all important, one of the most critical elements of a sound financial plan is often overlooked: protecting your family’s financial security if life takes an unexpected turn. For many households, the greatest financial risk is not…

Buying your first home has never been so intimidating or expensive. The market is at an all time high, many homes are entertaining multiple offers, selling well over their asking price, and now, interest rates are beginning to rise. If you’re looking to enter the market for the first time, you’re going to want to…

When contemplating the next steps for your corporate ownership and succession planning, maintaining fairness among family members is often a main priority even though all families members may not be involved in the business. One crucial aspect often overlooked is estate equalization, particularly in family-owned or closely-held businesses. Unequal distributions of wealth can lead to…

This article is based off our podcast episode “Paying Down Debt vs. Saving with a Wealth Advisor”. If you prefer to listen rather than read, you can find it here. It’s been about two years since Central Banks started increasing interest rates to combat inflation. For anyone with debt in their lives, the question has…

What goes into a comprehensive Financial Plan? Financial plan is a broad term and it can be applied pretty loosely. But that’s okay, because a financial plan can be very different for everyone. Each individual situation will have different levels of focus and concentration, and it certainly isn’t a cookie cutter, one size fits all.…

Dramatically boost your retirement assets with tax-deductible corporate contributions How an Individual Pension Plan (IPP) works An IPP is a tax-deferred savings vehicle used to invest and save for retirement. Contributions are tax-deductible and made directly from the corporation. Similar to an RRSP, the assets inside an IPP are tax-deferred until withdrawn, at which time…

The cost of university has risen sharply , and so has the importance of graduating with a desired and marketable set of skills and knowledge. Without a post-secondary education, employment and life opportunities are more limited now than ever before. Contributing to a grandchild’s education helps them and their parents, and helps you stay connected…

Staying Calm When Markets are Volatile Why Avoiding Short-Term Performance Figures Can be a Sound Strategy In times of economic turbulence, it’s normal to feel apprehensive when you’re about to read your portfolio’s performance. And, of course, seeing the fluctuating short-term results doesn’t help. It is more important to keep your sights on the bigger…

Most of us know that having a will is important, but statistics show that what we know about wills and the action we take with wills are very different. According to a survey conducted by CIBC in 2013, more than half of Canadians die without a will. If you die without a will in Canada…

How Jane Financially Prepared for Divorce Jane is divorced. Going through divorce was a difficult time, not just for her but for her entire family. The emotions were draining, but the financial strain made it even worse. As Jane prepared for divorce, there were so many decisions to be made quickly. She knew she had…

Spousal Registered Retirement Savings Plans must not be universally understood by investors, because they are not utilized to their maximum benefit. These financial vehicles were designed to encourage retirement savings with tax breaks at the time of contribution and at the time of withdrawal, just like regular RRSPs. Spousal RRSPs provide an opportunity for the…