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Income Splitting

Smart Tax Strategies for Retirees: Income Splitting

Income tax is one of the largest expenses any retiree has. A smart tax strategy to reduce a family’s overall tax burden is to split the income. This means to shift income from a spouse or common law partner (CLP) who is in a higher tax bracket to one who

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RESP for kids

Registered Education Savings Plan (RESP)

My kids are 18 and 20, does setting up a new Registered Education Savings Plan (RESP) still make sense? Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® A new client asked if it still made sense to set up a new RESP for his

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naming your executor

Who should you name as Executor?

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® A common question I received as an advisor is whom should we name as executor in our Wills? The true answer is that it depends on your situation. It usually ends up based on how complicated

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Questions to ask your Financial Planner

Questions to Ask When Interviewing a Financial Planner

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Deciding on which financial planner to hire is a particularly important decision for families to make. The following are key questions that FP Canada has designed to help in the selection process. How to Interview a

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Beneficiary Designations
Blog

Avoid a huge $$$$ mistake. Check your beneficiary designations now!

A recent article from CBC,  Halifax women calling for more protections on RRSPs after husband’s sudden death by Emma Davie, reviews what can happen if ...
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Income Splitting
Blog

Smart Tax Strategies for Retirees: Income Splitting

Income tax is one of the largest expenses any retiree has. A smart tax strategy to reduce a family’s overall tax burden is to split ...
Read More →
RESP for kids
Blog

Registered Education Savings Plan (RESP)

My kids are 18 and 20, does setting up a new Registered Education Savings Plan (RESP) still make sense? Excerpts from the Book – Preserving ...
Read More →
naming your executor
Blog

Who should you name as Executor?

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® A common question I received as an advisor is whom should ...
Read More →
Questions to ask your Financial Planner
Blog

Questions to Ask When Interviewing a Financial Planner

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Deciding on which financial planner to hire is a particularly important ...
Read More →
FAMILY CONVERSATIONS
Blog

COVID-19 and the Essential Family Conversations You Should be Having

COVID-19 has brought family planning and care issues to the forefront for many families as concerns for their loved ones and their economic well being ...
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The Definitive Guide to Protecting, Investing, and Transferring Wealth.

You can purchase a Hard Copy of Preserving Wealth HERE

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