Wealth Accumulation

What You Need to Know About Guaranteed Minimum Withdrawal Benefit Annuities

Guaranteed Withdrawal Benefits, or GMWB, are options in some segregated fund contracts that allow the policy holder to receive a guaranteed income for life. These types of contracts can be appealing for retirees looking for a guaranteed income stream and who are nervous about market fluctuations.

Continue Reading →

The Value of Participating Life Insurance

Participating insurance can serve a variety of purposes for both individuals and businesses. For business owners, it may work well as a tax planning vehicle. For individuals, it may serves as a way to provide a modest inheritance to their loved ones after they are gone. Whatever the purpose of the policy, Participating insurance comes with a set of characteristics that offer great value to the policy owner.

Continue Reading →

What You Need to Know About Appointing a Power of Attorney for Your Finances

Many people may worry as they get older about what will happen if they are no longer able to manage their finances and personal property. It can be a good idea to be proactive in planning ahead for a time when you may need help managing your affairs. One option available to Canadians to address this financial planning concern is appointing a Power of Attorney.

Continue Reading →

Child Life Insurance Policies

Many people do not want to think about life insurance for their children, but it can have benefits that exceed simply paying out in the event of a child’s death. Buying life insurance for your child can provide them with important protection in their adult years in the event that they become uninsurable. Some policies can even operate as a savings vehicle, providing your child with significant amounts of equity if they were to need it.

Continue Reading →

Creating and Maintaining an Estate Plan

While uncomfortable to think about, effectively planning ahead for when you are no longer here can save your loved ones a great deal of time, money, and emotional hardship. Estate planning can be complicated, but there are some basic “must-do’s” that should be regularly updated and reviewed. Below is a simple checklist for making sure your estate plan is up to date.

Continue Reading →

How Young Professionals Can Set Themselves Up for Financial Success

Starting your professional career comes with lots of difficult money decisions. Having a steady stream of income for the first time is a great feeling but knowing what to do with the money can be confusing. Below are 5 strategies that all young professionals should employ to make sure their finances stay on track.

Continue Reading →

What is an Emergency Fund and How to Build One?

An emergency fund is a cash reserve that is set aside for the sole purposes of providing a financial bridge in case of emergency.

Continue Reading →

6 Tips for More Successful Investing

There is no one and done way to invest, but there are a few tried and true principles that have served investors well over the years.

Continue Reading →

Income Brackets and Updated Tax Rates

Both income planning and retirement income planning have become increasingly important to investors. With an aging population, we will see the latter take center stage in many discussions of wealth management. Importantly, a key element of retirement income planning is tax avoidance and reduction.

Continue Reading →

RRSP vs TFSA

Whether you should invest in a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) is a question that affects almost every investor, regardless of age or amount of savings. For most, the answer is a bit of both. If you have a looming short or medium-term need (under five years) that will require funds, the untaxed TFSA withdrawals is likely the right choice. For longer term, retirement needs, you’ll want to invest in an RRSP.

Continue Reading →

Recent Posts

Categories