Chapter Eight: Who Actually Owns The Inheritance?
For your FREE Copy of Preserving Wealth, CLICK HERE The rest of the week was a real scorcher. The temperature was still in the mid-thirties, but there was no wind, not even a breeze. David and Alice were coming up for a week of holidays, so they had planned to get away early on Friday […]
Chapter Seven: So, You’re an Executor – What are Your Duties and Liabilities?
For your FREE Copy of Preserving Wealth, CLICK HERE The first three days of our vacation were perfect. The temperature was near thirty degrees, with just enough of a breeze for windsurfing. The kids were behaving, and all seemed right with the world. Sally was at the cottage this week, too but was staying up […]
What is a Certified Financial Planner?
Managing your finances and investments can be complicated. You may not be comfortable investing on your own. If you need help making decisions about how to manage your finances best, a Certified Financial Planner (CFP®) may be the answer. The CFP® marks after a planner’s name indicate they have achieved and maintain internationally recognized standards […]
Key 2023 Financial Planning Facts and Figures
RRSPs Spousal RRSP Rules TFSAs Old Age Security (OAS) OAS Claw Back (recovery tax) 2023 Canada Pension Plan (CPP) Payments Registered Education (RESP) Limits Probate Fees in Ontario Ontario Withholding Tax for RRSP and RRIF withdrawals: 2023 Canadian Controlled Private Corporation (CCPC) Tax Rates for Ontario Important Dates: Source of Information: Download our White […]
The 32 Blog Posts from 2022
Below I have sorted the thirty-two blog posts I wrote last year by topic of interest to make the content easier to find. Some of the articles are good, some are ok, and some are… Feel free to forward them to any family or friends who may find them of value. If you have any […]
What To Do with Cash Now
The Bank of Canada has raised its policy rate over 2022, and it is currently 3.75%. Prior to the interest rate increases this year, there were not many options for your cash reserves. With inflation running at 6.9 % today, you need to earn as much interest as you can on your cash. KEY TAKEAWAYS: […]
What to do during a Market Downturn or Recession
With the market decline this year and a potential recession, people want to know what they should do with their investments and financial plans. You can take the following suggestions and actions to help navigate a market downturn. Key Suggestions Avoid doing anything drastic With a market decline, it can be tempting to get out […]
Your Retirement Road Map: How to Make the Transition to Retirement
White Paper INTRODUCTION Likely you have worked most or all your adult life, often for over 30 years. At some point you will be looking to make the transition to retirement, or perhaps have the ability to make work optional. Typically, when you first started to work, your largest financial asset was your ability to […]
What should you expect in regular progress meetings with your advisor?
Regular progress meetings should be scheduled during the year to update and adjust your retirement income plan. Your advisor should behave more like a guide to help you navigate the changes in your life by adjusting your Retirement Road Map to keep it on track. As part of this effort, a regular and ongoing review […]
Where do Financial Advisors work?
If you are unwilling to create and manage your own Retirement Road Map, you will want to find an advisor that specializes in working with people who, like you, are planning for the transition to retirement or who may already be retired. A report from July 2014 called “Sound Advice Insights into Canada’s Financial Advice […]