Financial Planning

A formalized savings plan that uses a registered plan, such as a Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) or a Registered Retirement Income Fund (RRIF), is one of the soundest ways to realize your retirement goals. Here are some strategies you can use to maximize the benefits of your RRSP, TFSA and RRIF.

Towards the end of the year, many investors review their investment portfolios to determine the anticipated tax impact of any capital gains and losses realized during the year. For investors who have realized significant capital gains, this article examines various strategies to help reduce the impact of a potential tax liability of these gains, regardless of whether they were the result of a voluntary or involuntary sale.

Having a TFSA works. Get one working for you. Whether you’re saving for a new car, a home purchase, your child’s education or retirement, a TFSA can help you reach your financial goals sooner.

Research from Statistics Canada shows that between 2010 and 2013, the total amount donated by Canadians to charitable or non-profit organizations increased by 14% to $12.8 billion.1 In 2013 alone, the majority of Canadians (82%) made financial donations to a charitable or non-profit organization. In addition to annual donations, many people want to leave a lasting legacy, and cite charitable bequests as an important estate planning goal.

Prepare now to retire well later.

Entrepreneurs who have built successful companies often want to see their business passed effectively to the next generation. However, a sale or transfer of ownership of the business will generally trigger capital gains tax. If the value of the shares of your business has increased, you or your estate may be burdened with a substantial tax bill. The business may even have to be sold to cover the liability.

Over the next two decades, upwards of US$84 trillion globally is expected to pass from one generation to the next – both from the silent generation to boomers and from boomers to millennials.1 But before your hard-earned assets can be used by future generations, you’ll want to make sure they are passed down in the right way. You don’t want your family to squabble over your legacy or squander your estate away in a manner worthy of an episode of Succession.

Are There Gender Differences Among Entrepreneurs?

Women in Wealth: A financial golden age has arrived

A Cohabitation Agreement is a contract made between a married or unmarried couple who live or want to live together and want to protect their individual interests while determining each person’s rights and responsibilities, should the relationship end in the future. This article explains the types and features of Cohabitation Agreements and provides considerations to determine if you need one.

If you own a vacation property, this provides information on the tax consequences of selling a second home and highlights important estate planning considerations, if your plan is to keep your vacation property in the family for the next generation.

As you plan for your retirement, it is critical to consider your current expenses as well as your future expenses.

Wealth Planning Questionnaire

Financial Planning Year-End Checklist

Contribution Reminder For Your RRSP, TFSA and RESP Accounts

Financial Resolutions for 2023

This is a helpful resource summarizing important tax, retirement and estate planning information.

Insurance is generally thought of as a risk management tool; however, as a business owner or incorporated professional, insurance can provide multiple benefits, including the potential for significant tax savings. This article looks at three insurance strategies that can be implemented into your financial plan to supplement your retirement savings, help protect your business, and help you maximize the value of your estate