Back to Basics
What problems does the financial industry solve for Canadian consumers? Where is the value added for interacting with the financial industry and why use an Advisor versus doing it yourself online? To address these questions, here is a refresher on why the financial industry exists in the first place. Simply speaking, there are two basic […]
Can You Be Over-Insured?
Most Canadians take the correct steps to protect their property against loss in case anything they own is lost or stolen. Concerns about recouping losses if a home is robbed, or a favorite vintage guitar is destroyed during a basement flood, are questions with very routine answers. But when it comes to considering the value […]
Identifying Alzheimer’s Symptoms
As the human brain ages and matures, it’s perfectly natural for memory to undergo a great deal of changes. The brain becomes less pliable and less able to form memories, which can lead to occasional forgetfulness or absent-mindedness. More severe symptoms might be a sign of something more serious, such as Alzheimer’s. According to research […]
Principal Residence Exemption Rule Changes
The new October 2016 Federal Government Principal Residence Exemption (PRE) rules are causing many Canadians to review and revise existing Wills and Estate Planning strategies according to STEP (The Society of Trust and Estate Planners). To track the capital gains that foreign buyers have been avoiding on the purchase and sale of Canadian residential real […]
Critical Tips for Avoiding Identity Theft
No one wants to think about having their identity stolen or experiencing a theft of their finances. It is unpleasant, distasteful, and often feels like the type of thing that happens to other people, not to ourselves. The sad truth is that, every single year, identity theft crimes result in billions of dollars lost by […]
Long-Term Care Solutions
There is a common misconception that, if left unaddressed, can having a devastating effect an individual’s long-term financial well-being. It is the belief that long-term care costs are fully covered by provincial health care plans if you or a loved one ever need this special type of care. . Unfortunately, this is simply not the […]
Remember Me!
With spring just around the corner, many Canadians have young people in their lives who are graduating from university, professional schools or community colleges. When the excitement of Commencement wears off, they are faced with the challenge of finding their first full-time paid jobs. The following are a couple of ideas from a book by […]
Your Most Valuable Asset
What is your most valuable asset? Many people will think about this question and come up with a variety of answers, but most people will likely say their home is their most valuable asset, while others may say a business they own or a retirement portfolio. But for some people, understanding the answer to this […]
Avoiding Family Conflicts After a Death
No one likes to think about their own mortality, but making a proper estate plan can help to lessen the grief of loved ones left behind. Alternately, without a written estate plan, surviving family members are often saddled with the responsibility of making estate decisions without a clear understanding of the deceased’s wishes. The effects […]
Fulfilling Your Wishes
With many Baby Boomers now moving into their sunset years, the growing concern is how they will efficiently and effectively plan for the transfer of their wealth to the next generation? A recent survey by RBC Wealth Management estimated that the amount of money changing hands over the next twenty years is about $400 billion. […]