Michael Bronstine September 2021 Strategies to transfer wealth to the next generations. Many Canadians might be happy to save just enough money to pay for their retirement and leave something for their children. A growing number of Canadians, especially wealthy ones, may want their money…
Todd Gotlieb August 2021 Bonds have long been the solution for investors seeking capital preservation and reducing portfolio volatility. But falling interest rates have made it tough to earn a fixed income return while preserving capital. The current weighted average yield to maturity for the FTSE…
Michael Bronstine August 2021 Q: My wife and I are both 57 years old. I have a business in Ontario, from which I earn $260,000 a year, and my wife makes $40,000 at her job. We have maxed out our RRSP contributions and we will…
Michael Bronstine June 2021 Get more exercise. Cut out trans fats. Floss daily. Spend more time with family. We all know what we need to do to create more wellness in our lives. We have all got a mental list of “shoulds” and “one days”…
Todd Gotlieb June 2021 Preparing for retirement can go beyond finances, one of the biggest challenges is concern for the future of their clients or patients. Planning for retirement can take several advisors including a financial advisor, tax specialist and lawyer to help make the…
Michael Bronstine May 27, 2021 Discuss transition of ownership with adult children and set clear expectations early. The summer cottage, home, or cabin is often the most emotionally volatile of family assets. Whether it is about the great memories, ownership status, or a refuge from…
As retiring baby boomers need help with their increasingly complex finances, planning becomes more critical By: Todd Gotlieb – May 2021 The adoption of financial planning among financial advisors and their firms has gained traction steadily in recent years, and this trend is expected to…
Life insurance should already be on the radar of business owners By: Michael Bronstine In February’s 2018 federal budget, the feds clarified the rules around passive income for Canadian-controlled private corporations (CCPCs). The budget introduced a $50,000 threshold for passive, taxable income within a year, and…
Bill 245 has received royal assent, which also means that Ontario is a substantive compliance province and virtual will witnessing is permanent By: Rudy Mezzetta, Melissa Shin May 3, 2021 In Ontario, virtual will witnessing is now permanent, courts will be able to save invalid wills and…
A trustee’s tax liability has limits, a court case suggests By: Doug Carroll March 23, 2021 In February 2010, a woman learned she had only months to live and took steps to put her financial affairs in order. She executed a codicil naming one of her…