When markets move, headlines multiply, and opinions come from every direction, many investors feel like they absolutely need to do something. Buy. Sell. Reorganize. Adjust. React. As though taking action automatically means good financial management. And yet, in wealth management, some of the best decisions are sometimes the ones that involve doing nothing. Not out…
As retirement approaches, many homeowners consider downsizing their home — a smaller space, less maintenance, simpler living. But before selling, it’s worth asking: what if keeping (or even buying) a larger principal residence could actually be more beneficial — not only for you, but also for your heirs? The Capital Gains Exemption in Canada One…
When we think about estate planning, we often picture a will or splitting assets fairly among heirs. And that’s a great start. But beyond those essentials, there are strategies that can truly make a difference, for your loved ones and for the causes you care about. Planned Giving: Multiply Your Impact A recent article published…
When we think of life insurance, we often see it as a safety net for our loved ones in case of death. However, what many don’t realize is that it can also be a powerful investment tool, particularly for business owners and entrepreneurs. When used wisely, universal life or participating life insurance is more than…
Life is different once your children leave home and start out on their own. Whether you have a sense of melancholy or feel free and easy as you look forward to a new chapter, it’s important to recognize that various aspects of your financial life may change. More discretionary income. When your children become financially…
Registered Retirement Savings Plans (RRSPs) hold a prominent place in many people’s financial planning. However, their popularity often rests on a simplified perception of their tax advantages, which does not always take into account the challenges they may pose in the long term. A recent article from La Presse, titled “Inévitable, l’impôrt sur l’héritâge ?”…
Just like moving into your first apartment requires preparation, starting your wealth management journey needs a solid foundation. Proper planning and the right tools are essential to achieving your financial goals. Here are the must-haves to get off to a good start. 1. A Clear and Realistic Budget: The Foundation of Everything Before thinking about…
Maximize your investment in their future The bond between grandparents and grandchildren is special. You get to share your wisdom and stories with eager listeners and occasionally, you get to treat them to ice cream before dinner. If you’re able, you may want to plan to leave a legacy for your grandchildren. One of the…
The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance. Not all parents are comfortable sharing their financial life with their children, but your efforts in getting them to…
Loyalty programs Each loyalty program has its own rules about whether points can be transferred to a beneficiary, so check your programs’ policies. When allowed, list the loyalty program in your will and name the beneficiary of the points. Also, provide your executor with each loyalty program’s login information. Digital assets In your will, you…