Leaving More to Your Family

Leaving More to Your Family

Imagine a $1 million estate including $200,000 of stocks in a non-registered account, a $300,000 Registered Retirement Income Fund (RRIF) and vacation property valued at $500,000. But it’s not $1 million to the heirs. There’s a $100,000 capital gain on the stocks and...
How to Minimize Clawbacks

How to Minimize Clawbacks

Most people are familiar with the Old Age Security (OAS) clawback, which reduces the OAS benefit by 15% for every dollar of net income above $77,580 for the 2019 income year. The payment is fully eliminated when net income reaches $125,696. Minimizing the OAS...
When life changes, so do financial plans

When life changes, so do financial plans

When life changes, so do financial plans Life is what happens to you while you’re making other plans, the saying goes. We just never know when the unexpected may happen. Here are four scenarios that look at various life changes and how financial plans adapt to...
5 SIGNS YOU’D MAKE A GREAT BUSINESS MENTOR

5 SIGNS YOU’D MAKE A GREAT BUSINESS MENTOR

The modern business world could always use more decent, professional, and knowledgeable mentors, but do you have what it takes to truly be the next one? It’s important to take the time to consider the way you work and interact with others, for it’s not just about how...
BRIDGING THE RETIREMENT INCOME GAP WITH AN ANNUITY

BRIDGING THE RETIREMENT INCOME GAP WITH AN ANNUITY

As the reality sets in that you’re edging closer towards retirement, finances can become a concern. How will you guarantee consistent retirement income and be able to maintain your established living standards? When in doubt, consider an annuity as a means of avoiding...
3 INVESTMENT RULES FOR ESTATE TRUSTEES

3 INVESTMENT RULES FOR ESTATE TRUSTEES

An estate trustee is responsible for performing various duties to encourage the wellbeing of the estate in question, as well as its beneficiaries. Among those duties includes careful and thoughtful investment in order to bolster the strength of the estate. There are...