During the summer months, many families spend time together away from the hustle and bustle of daily living and retreat to one of the “four Cs” of summer: the cabin, condo, chalet or cottage. Unbeknownst to you, however, is that lurking under the surface of…
One of the surprises in this year’s Federal Budget was the announced increase in the small business deduction for corporations. Simply put, this means the small business tax rate will be lower. This is welcome news to small business owners, who will benefit from being…
It’s not unusual for grandparents to want to give money or gifts to grandchildren. And as the Canadian population ages, you may find more clients choosing to skip over their adult, and more financially secure, children in order to provide for the younger generation. Grandparents…
To say estate planning can be problematic is a gross understatement. Administering an estate can be compared to undertaking a renovation—it’s almost guaranteed something will go wrong. It can be relatively minor, or land the estate in court and cause irreparable harm to family relationships….
Seniors today have never been better off financially, and are four times richer than their parents were at the same age in the mid-1980s, says a report from BMO Economics. “Many Canadians 65 years and older have benefited from strong equity, bond and real estate…
Today’s advisors manage complicated portfolios and navigate an increasingly complex financial system for their clients. But what happens when an advisor is incapacitated or dies suddenly? How will clients continue to be served without disruption? Death or incapacitation aside, many financial advisors are approaching retirement…
One of Canada’s largest auto insurance providers is working to tailor products for the Uber ridesharing service. Intact Financial says its intention is to market the products under the Intact and Belairdirect brands. The company is Canada’s largest provider of property and casualty insurance, collecting…
We have developed a financial strategy that significantly reduces the cost of funding life insurance coverage. The strategy known as Capital Squared, is most beneficial for shareholders of private corporations that have investable retained earnings and high net worth individuals with discretionary income. The Capital…
A buy-sell agreement is a legally binding contract which protects the interests of the company’s owners and permits the business to continue in the event of the death, disability, or retirement of a business owner. A buy-sell agreement, commonly referred to as buy-sell arrangement, is…
Estate Planning Considerations for Family Business Owners Once you have set your succession plan, you should then ensure that your estate planning goals are coordinated with this plan. When coordinating the estate and succession planning, balance is critical. There are many tools you can use…