3 Great Financial Apps

When life gets busy, it’s easy to lose track of your budget or even veer from your financial goals. Whether you’re a business owner, a professional or a stay-at-home parent, managing your finances requires time and effort that you simply may not have. Enter the financial app: a great way to keep track of your […]

Sudden Wealth Syndrome: Part II

The risks associated with Sudden Wealth Syndrome (Part 1: the risks) are well documented and threaten the more than $750 billion in inheritance Canadians expect to receive over the next decade. There are two critical steps families should take to improve the odds of preserving the family fortune: Start early Kids with financial savvy have […]

Financial planning

According to the most recent data available from Statistics Canada, approximately 465,000 Canadian families are blended, meaning one or both parents have children from a previous relationship. The portrait of a typical Canadian family is changing rapidly, especially in Quebec, where couples are less likely to marry than elsewhere in the country and where blended […]

Sudden Wealth Syndrome: Part I

[social_share] We’ve all heard the story about the lottery winner who quickly squanders his wealth and has little to show for it. It’s a modern-day fable, warning us that money can be washed away as quickly as it rolls in. This is no urban legend. In fact, almost all Canadian families that find themselves suddenly […]

Managing Risk with Insurance

As part of a financial plan, insurance is typically thought of as a solution employed to protect against the risk of future financial loss. While this is a very important application of insurance, additional innovative solutions are being used to safeguard the value of investors’ assets in a tax-efficient manner and to ensure that one […]

Understanding Capital Gains

It has been almost 50 years since the federal government introduced taxes on Capital Gains. Before 1972, all capital gains were tax-free. Capital Gains Tax (CGT) was introduced to provide replacement revenues to compensate for the abolition of taxes on inheritance, and to provide additional revenues to finance the growing cost of social security systems […]

Six Steps for Building a Financial Plan for Ageing Parents

We have touched on the issue of caring for ageing parents in the past, but we’re revisiting it again because – for many if not most of us – it remains an inescapable fact of life. In a recent issue of Time magazine, writer Christopher Mathews offered some invaluable insights about the six basic financial […]

Helping Aging Parents Look After Themselves

Aging parents – distressing though it is to recognize – inevitably face declining capacities over which they have diminishing control. As a result, many of us are confronted with the unenviable task of managing the wealth, health and overall wellbeing of parents who can no longer adequately look after themselves. Before things take a turn […]