Helpful Articles

Financial Pipeline – August 23, 2021

Globe & Mail – January 13, 2022

Why You Might Need A Human Advisor

How To Use Cash Cows To Pay For Estate Taxes

How The Stock Markets Works

World in 2030

Our experts provide an overview of recent global events and their impact on the markets.

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

Truths We Follow

The benefits of making a charitable donation are countless – from helping those in need to the personal satisfaction of giving back to the causes that are important to us. Charitable giving also makes good sense from a tax perspective. With proper planning, you can reduce your total income tax liability and maximize the value of your donation.

There is a subtle but distinguishable difference between charitable giving and philanthropy. Charitable giving is often an immediate one-time cash donation or donation of time, made in response to a specific request or an impulse that is personally and emotionally driven. While philanthropy is more complex and involves a long-term strategic gifting approach that often focuses on issues or causes that reflect an individual’s interests and values. However, from a generational standpoint, to millennials (or “Gen Yers”), those born between 1980-1995, and Generation Z (“Gen Zers”), born between 1996-2010, `giving’ may mean something totally different.

Philanthropy is an important financial planning consideration for many Canadians, and an integral part of their wealth management plan. A Charitable Gift Fund (“donor advised fund”), established through the BMO Charitable Giving Program, allows you to create a flexible and customized philanthropic solution that will have a lasting impact on causes that matter to you and your family.

Charitable giving is an important wealth planning consideration for many Canadians. While making a cash donation to charity is a common gifting strategy, Canadians often ask, “How can I do more?” By considering one of the following life insurance strategies, you can often magnify the benefits of your donation dollar compared to a traditional cash donation.

Like many Canadians, making the world a better place and creating a legacy aligned to your personal values, beliefs and convictions is an important wealth planning priority. Establishing a private foundation can help you achieve these priorities and give meaning and structure to your philanthropic goals. It can also help you to pass these values on to your children and grandchildren, by involving them and other family members in your giving strategy and family legacy.

Death & Taxes - Life's Only Certainties

While most Canadians are aware of the April 30 personal income tax filing deadline, there are other important tax deadlines that must be observed over the course of the year – especially if you want to take advantage of certain tax deductions and credits. This calendar summarizes several important dates on the tax calendar and offers some tips to help you with your overall wealth planning. Where a deadline falls on a weekend or a holiday recognized by the Canada Revenue Agency (“CRA”), the deadline is generally extended to the next business day.

At BMO, we take your security seriously. We are committed to respecting and protecting the privacy and confidentiality of the personal information you entrust to us. It is also important to know how to keep your information secure. This article provides a few simple ways you can protect yourself online, as well as some key reminders for detecting fraud. Please be reminded that these are suggestions and we recommend that you speak to a technology professional about your digital security.

Talking Points is a weekly piece from the desk of our Chief Economist, Douglas Porter. The brief note captures the key developments and major emerging themes from the economic and financial market fronts, and serves as an overview of the weekly Focus publication.

This article highlights relative investment and insurance options for three major life stages – starting out, the peak earning years, and approaching retirement.

This article discusses common digital asset considerations and important information for making sure they are properly addressed in your estate plan.

Wealth Themes provides timely articles on a variety of wealth planning topics. This month we focus on the impact of emotional intelligence and behavioural finance on our investment decisions. We also include an article to assist in having healthy discussions about family wealth with your adult children and, with the new school year fast approaching, information on the increased RESP withdrawal limits.