A majority of Canadians expect to leave assets upon death, but when it comes to having conversations about transferring that wealth, many say they haven’t discussed it with their families or financial advisors, finds a CIBC poll. 51% of Canadians expect to transfer wealth, but almost…
I realize that insurance agents get a bad rap. There are few people on the face of the Earth who can be more persistent than an insurance adviser. I often tell the story of the time I met with my own adviser who was trying…
In theory, this should be an ongoing process and the last 5 years before ‘pulling the pin’ should merely be refining your existing plan rather than starting from scratch. Of course, life doesn’t always work that way and the adage “better late than never” is quite…
Introduction Most of the mistakes regarding your estate planning if you own a businss can be broken down into 3 main areas: Working really had to build a successful family business / farm then putting no effort into the logistics of how the company will…
Nearly every advisor will admit they are looking to land the investment portfolios of high net worth clients, but despite this focus the market remains underserved on the insurance side. “There are more clients that are willing to write large cheques for big insurance policies…
Funding Your Golden Years Canadians are worried about their future. A majority say they live paycheque to paycheque and have no financial plan. In a poll by the Canadian Payroll Association, 57 per cent said they’d face financial difficulty if their pay was delayed by…
With many businesses quickly growing from small one or two man operations into significant employers, group retirement plans are all too often overlooked. Usually a growing company’s prerogatives are finding the right employees (in some cases finding any employees), finding and growing their facilities, and their own…
THE HIGH NET WORTH CLIENT’S FINANCIAL FUTURE 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. Unfortunately, as our wealth…
For many employed Canadians, a Registered Retirement Savings Plan (RRSP) is the only real tax shelter that is easily accessible. The Tax Free Savings Account (TFSA) option has clouded the picture, but if your taxable income will be higher than roughly $87,000 (after deducting RRSP…
Life insurance is kind of like the Rodney Dangerfield of financial planning. As one of most people’s least favorite financial topics, it gets no respect. When people think of a life insurance agent, they think of someone like this guy. Yet, it’s something that almost…