Early in our lives, we create a will at one of the first material changes – marriage, birth of a child, purchase of our first home. As we age, our ideas and needs of what should happen at our deaths evolves. Further, the...
When estate planning and financial planning with clients, I am often asked if the house should be placed in joint name with the children to avoid probate. While I am not a lawyer and independent legal advice should be sought in...
October 30th, 2014 the federal government introduced three income tax measures intended to relieve the tax burden for families: Income-splitting – starting 2014, an annual...
A popular method within retirement planning is using a Bucket Strategy. Tobin’s strategy called for allotting stocks between a “risky bucket” and a “safe bucket”. When applied to financial planning it often changes form to allotting...
In trying to predict the future direction of equity markets and the economy, population demographics play a central role. This article does a great job of describing the current situation in the United States. It provides context to many of...
We do not give legal or tax advice. However, we have been asked this question from a client and thought it was worthwhile to publish the answer for general information. The protection of a taxpayer’s RRSP against potential...
If you are a Canadian resident who owns US real estate, learn about your potential estate tax liability and how to reduce it. This report is courtesy of PWC Tax Insights (for information purposes only). Read this Tax Insights for more details.
The goal for many Canadians during the dreary months of winter is to get away somewhere warm and dry. Those who do this for extended period each year are called snowbirds. Many snowbirds are well-to-do and readily able to afford a few months...
The lyrics of this song (Bob Dylan 1964) resonate within the investment industry today. There are big changes coming to the standard of reporting and transparency that investors should expect from the institutions they do business with....
Let’s look at an Insured Annuity Strategy If you are an investor that is not comfortable with risk, and are currently using interest bearing investments, you have not been experiencing high rates of return. Income from these investments if...