Wealth Management

Recall your last vacation? How much time did you spend planning where you were going, how were you going to get there, and what activities you would enjoy once you arrived? Sadly, most people spend more time vacation planning than they do financial planning. A financial plan is the roadmap for your future and the…

Are you Retirement Ready? If you’re retired, or soon to be, you’re likely a Canadian baby-boomer. You are seeking more information about your retirement beyond merely finances, and advisors are uniquely positioned to provide you with additional retirement insight and planning. Currently, Canadians aged 65 years old, can expect to live an additional 22 to…

So, you’ve been chosen to be the Executor of someone’s Will – maybe a loved one or maybe a friend. Cause for congratulations, perhaps? It is an honour to be asked, however, the responsibilities of an Executor are very important and can be very extensive. It is not like taking up a new sport or…

An Estate Plan is not just for the wealthy and consists of so much more than just having a valid Will. A well thought out Estate Plan has many components and will require professional assistance with the ultimate goals of protecting your estate, retaining more wealth, and leaving a legacy for your family. More importantly,…

Housing prices have been climbing quickly. This is especially true in major urban centres where most Canadians live. The rate of increase for the average sale price appears to be climbing faster than people are able to save. Some Canadians see the dream of homeownership vanishing, others wonder if the choice to own is appropriate…

Inflation Planning: What’s the risk and what can you do about it? With inflation at a 30-year high of 4.8% as of December 2021*, it is likely that the Bank of Canada will raise interest rates sometime this year to help curb inflationary pressures. If borrowing costs increase, there is typically a reduction in consumer…

If you are looking to invest for your future with a five-, ten- or thirty-year time horizon, then now is as good a time as ever to invest. Waiting for a pullback in stocks with a long-term time window is not going to make an enormous difference. If the market could predict a crash in…

Improving your financial life doesn’t have to be a major undertaking. Sometimes it’s easier to break it down into smaller tasks. The following is a list you could easily implement over the course of a year which will put you on the road to greater financial success. January Create a budget and include lump sum…

Which option is best for you? Term Life Insurance A term life insurance policy provides the policyholder with insurance for a pre-defined period, typically one, five, ten, 15, 20 or 30 years, or until a specific age like 60 or 65. If the term expires and you are still alive, there is no payout. However,…

Do you know which mix of savings vehicles is right for you? There are registered retirement savings plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and registered education savings plans (RESPs).  Determining which savings plan or combination of savings plans is best depends on your personal situation and your objectives. Each savings vehicle can hold different types…

When you invest, it is helpful to have an understanding of what types of investments your advisor may allocate your money to and the associated risks and benefits that accompany each. Some investment vehicles that are used in building client portfolios can be categorized as the following: Cash (Or Equivalents) Money in cash form is…

Cottages often hold a lot of sentimental value to families. Many cottage owners would like to see their children and grandchildren get the same joy from the property that they did, even after they are gone. Leaving a cottage to your family though has tax implications and if they aren’t planned properly, can be a…