Many retirees are in an enviable financial position: They have worked hard, invested wisely and spent prudently, leaving more than enough to fund their retirement. They won’t outlive their assets. This will leave an often sizeable inheritance for their children. However, there is more to…
Here are some of the essential documents, accounts, and types of information you should organize. When you’re getting your estate in order, there are many accounts, policies, documents, and other information to organize—and the list of to-dos can quickly become overwhelming. But our ultimate planning…
Why do wealthy individuals, those who have no need for more insurance, sign up for the largest whole life policies issued in Canada? Did they meet a high pressure insurance salesperson who convinced them to buy something they don’t need? Are they unsophisticated investors who…
CLIENT’S FINANCIAL FUTURE By Michael Bronstine GBK Strategic financial partners 01/24/2017 Clients are constantly searching for new strategies to maximize their financial position, be it through investments, insurance or savings plans. For the high net worth client, in particular, one financial expenditure is inevitable: tax….
Tony Maiorino / August 3, 2016 If we think about our relatives, friends, and colleagues, chances are the majority of us know more than a few families who resemble The Brady Bunch rather than the “traditional” definition of a family. The reality is, blended families are increasingly…
Staff / January 16, 2017 You have a lot to remember, so we’ve assembled this reference list of tax numbers. We’ll update it as things change. WORKING CLIENTS Maximum RRSP contribution: The maximum contribution for 2016 is $25,370; for 2017, $26,010. TFSA limit: The annual limit for…
BY The Canadian Press | November 3, 2016 When Deborah Ison decided to break up with her financial advisor last year, investment performance had nothing do with her decision. The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce…
Ben Dorn October 24, 2016 Difficult chats are worth having. Financial discussions can be tricky at the best of times but, when you’re dealing with family, they run the risk of getting out of control, especially when it comes to sensitive topics such as death…
Time to hunker down in your cottage by Romana King November 9th, 2016 The world’s collective jaws dropped after the early morning announcement: The next President of the United States is reality-TV star, Donald Trump. But Trump’s victory in the U.S. presidential race raises more questions…
Jamie Golombek / October 28, 2016 Upon death, absent a qualified rollover to a surviving spouse or partner, the fair market value of an RRSP or RRIF is included in the deceased’s estate as taxable income. The liability to pay the taxes generally falls on the…