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What is the ORPP?

Posted by Admin1034 in Blog, Uncategorized

The Ontario Retirement Pension Plan is a new, provincially managed pension plan being created for residents of Ontario. It is intended to cover people who don’t have workplace pension plans, giving them extra income in retirement. The province estimates about 3.5 million workers will participate….

Design for Ontario Retirement Pension Plan revealed

Posted by Admin1034 in Blog, Uncategorized

The government of Ontario has revealed some details about how the new Ontario Retirement Pension Plan (ORPP) will be structured and administered. Benefit indexation is conditional on funding, and the self-employed are exempt from contributing. Premier Kathleen Wynne, Minister of Finance Charles Sousa, and Associate…

Marriage and the high net worth

Posted by Admin1034 in Blog, Uncategorized

Saying “I do” is perhaps the most rewarding and riskiest investment any individual can make, but according to experts, the stakes for high net worth clients can be exceptionally high, with millions of dollars of assets on the table. From protecting wealth to combining legacies,…

NO HOUSING CORRECTION IN 2016

Posted by Admin1034 in Blog, Uncategorized

Canada’s economic conditions are gradually improving as the country climbs out of a technical recession. Statistics Canada recently stated the nation’s GDP grew 2.3% in Q3. Modest increases in employment and earnings, coupled with low interest rates, should also support real estate demand in 2016….

CLIENTS NEED HELP DISCUSSING INHERITANCES

Posted by Admin1034 in Blog, Uncategorized

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…

Planning for Retirement

Posted by Admin1034 in Blog, Uncategorized

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…