Wealth Management

A Trusted Contact Person (TCP) is someone you choose who can help us protect your financial well-being. What is the Role of a Trusted Contact Person? A TCP is a resource that may help protect you in possible circumstances of financial exploitation or where we may have concerns about your ability to make decisions due…

As the holiday season nears, many Canadians will make the bulk of their charitable donations for the calendar year. While many of us may not have the cash resources for charitable gifting, we may have investment assets that could be used instead of an outright cash gift. The following provides some helpful information if you…

While Registered Pension Plans ruled the retirement saving scene in the past, the high cost of these plans has had employers looking for cheaper plans for their employees. Group RRSP’s offer a flexible, cheap alternative to traditional pension plans and have become a popular option for some employers. Did You Know? A Group RRSP does…

John and Mary have worked hard to build a successful business. A business that John hoped he would pass down to one of his three children. Mary encouraged her children to follow their passions; therefore, she was less confident than her husband that one of their children would take over the business. And unfortunately, the…

T’is The Season… For Budgeting Holiday seasons are times where you get to share memorable moments with your loved ones. It is also an opportunity to take personal time off and relax. Whatever is the case for you and whoever you are sharing the holiday with, you need adequate budgeting to ensure you get lasting…

“Being financially literate is a powerful thing” – Otegha Uwagba, Author and Entrepreneur Regardless of age, employment status, or marital status, one of the key objectives of the financial planning process is to help you gain the financial knowledge you need to take charge of your finances. A Financial Plan helps break down the enormity…

Having a proper estate plan in place will ensure that your loved ones are protected if you were to pass away. As soon as you have any assets or property it is time to contact your team of professionals to discuss what would happen to those assets if you were not here anymore.  Neglecting to…

The events over the past two and a half years have taught us many lessons in life and business. Whether preparing to expect the unexpected, adapting to rapidly changing laws and regulations, or feeling a direct impact on sales and profitability, these events caught many by surprise. While no one could have fully prepared for…

Executive Summary Our population is getting older, and the life expectancy in this country continues to grow. Today, 65-year-old Canadians live on average to age 87 (men) and 89 (women). As people age, their health care needs continue to rise. Long Term Care Insurance assists with the costs of aging. Like Disability Insurance which pays…

The Headlines Depending on who you ask and the definition they use, a recession has occurred or is about to occur. The traditional definition is two consecutive quarters of economic decline measured in Gross Domestic Product . A more complex definition is a slowing of economic activity and an increasing unemployment rate. Financial and lifestyle…

Did You Get a Raise or Bonus? Save it! Receiving a raise or a bonus is a great accomplishment that lends a feeling of accomplishment and celebration. Many of us opt to use the bonus to buy something we’ve been wanting, like that flat screen television, for example. Rather than splurge, however, why not hold…

So, you’ve saved for your child’s education within a Registered Education Savings Plan (RESP), hoping that they will pursue post-secondary education one day. Congratulations! They are enrolled! For all these years, your contributions, grants, and growth have been tax-sheltered. So now you’re wondering how best to get the money out of the plan and how…