Wealth Management

As many of us know, financial stress can impact many areas of our lives. According to the 2020 Financial Stress Index, FP Canada™ found that the worse financial shape we are in the more likely we are to have severe stress-related issues in our lives. The study found that taking on more debt caused higher…

It is important to be financially healthy! Canadians have ranked money as their greatest cause of stress in life and it doesn’t have to be this way. FP Canada’s latest research found that one-in-10 report the pandemic has significantly impacted their stress levels. Canadians between 18 and 34 years old, in particular, have reported being…

Why Do We Procrastinate on Building a Financial Plan and Fail to Follow Through? It’s common to think of financial planning as something you’ll get to one day in the future. Often, it’s not until we face some sort of financial emergency or urgent situation that we realize we’re not as financially stable as we…

When you work with a Financial Planner you are working with an expert who provides the “human touch” – which is so much more relevant and important than ever for Canadians dealing with increasingly complex lives and financial decisions. Your Financial Planner can help navigate through conflicting priorities, tough money decisions and help you deal…

Effective December 1, 2020, regulators will be making changes to how the commuted value of a Defined Benefit Pension Plan will be calculated. The Canadian Institute of Actuaries (CIA) reviews and updates its guidance on a periodic basis. The last major update to the Commuted Value (CV) standards was in 2009. There are 2 major…

Realtors in Ontario can now incorporate and pay themselves through that corporation. Significant tax advantages can now accrue to essential professionals for all the risk assumed by self-employed, commission-based registered brokerages, brokers and salespeople. Elements of the “Trust in Real Estate Services Act, 2020” will protect consumers and real estate professionals with strong rules and…

Last week’s market ups and downs resulted in the index being flat for the week. Many clients have asked IAIC about the similarities to the financial crisis of 2008/2009 and the Coronavirus, in comparison, is likely to temporarily reduce general global economic activity.

The Independent Accountants’ Investment Counsel Inc provides an update on the investor reaction to the unfolding Coronavirus (COVID-19) story which has caused significant market volatility.