Blogs

Hello;

Arranging the smooth transfer of assets to heirs can be a challenge for many reasons.¹ (Manulife Nov. 2021)

The first one relates to time. Often, probate is required before instructions can be carried out and your beneficiaries can receive their inheritance – and the process of obtaining probate can be a lengthy one, frequently taking 6 to 18 months, or longer if it’s contested.

As the end of the year quickly approaches, like me you are probably looking forward to enjoying the upcoming festive season. However, along with your last-minute shopping, another activity which makes sense at year end is tax loss selling.

Hello;

A will is a key component of an effective estate plan. Advertisements for do-it-yourself will kits leave the impression that one need only fill in a few blanks to create a legally enforceable will. Be careful! ¹ (Sunlife)

Risks with do-it-yourself Wills

You may miss out on tax and personal planning opportunities that do not require a will

Without being properly informed about tax, estate, family and property laws, you run the risk that your wishes are rendered void

When people think of Life insurance, at the heart of it, it’s about taking care of loved ones. They see life insurance as a tool that protects people they care about from the potentially devastating financial losses that can result from a premature death. However, life insurance can also help you and/or your estate preserve wealth. Here are four scenarios to consider. 

Use life insurance to fund your retirement

Hello;

Financial stress can affect more than your wallet; it can have a ripple effect, impacting your health and relationships. The relationship between mental health and finances in some instances are dynamically linked.

Everyone has financial goals. Maybe you’re saving for a vacation or buying a car. You might be looking to purchase a home or cover a child’s education. Funding retirement is another common goal. Your own goals could be any combination of these – or you may have others as well.

Whatever your financial objectives, having a plan is the first step towards achieving them. A financial plan reflects your short- and long-term goals, sources of income, savings and debts, time horizon, investment risk tolerance and other factors that are uniquely yours.

In times of uncertainty or stress, it can be difficult to make the right investment decisions because we often let emotion or intuition guide us. We are less likely to spend time carefully sifting through all the pros and cons. This default behavior can be an obstacle when trying to achieve our long-term financial goals.

Hello;

Have you ever faced a decision of trying to choose between an RRSP (Registered Retirement Savings Plan) and TFSA (Tax Free Savings Account)? This is a question I get asked often. Hopefully, this blog will give you the insights to help you decide.

A Little Background on RRSPs

Hello;

A key element of retirement income planning is the sources of retirement income, a major one of which is government benefits such as CPP. The importance of CPP retirement benefits will range from trivial to significant. To get handle on CPP, here are a few central questions answered about CPP. ^{1 (Investment Executive Nov. 2017)}

What is the best age to begin receiving a CPP retirement pension?