While most adult Canadians acknowledge the need to prepare for the transfer of their wealth to the next generation, there is merit in preparing for the transfer of wealth from the prior generation. Both the parent and child can benefit from engagement in a discussion…
This true or false quiz will test your knowledge of estates. You may find some information worth sharing with clients. In Ontario, marriage revokes a will. …
The return of volatility—as valuations and investor complacency remain elevated—will make it vital for investors to consider hedging against downside risk and cut back on certain investments in the new year, finds the BlackRock Investment Institute’s (BII) 2015 Investment Outlook. BII anticipates divergent monetary policies…
The “Capital Squared Strategy” provides you with permanent coverage, and significantly reduces net cash flow. This is achieved by applying key features of the policy that enable easy access to capital, and guaranteed/growing estate benefit and cash value. The following is a detailed explanation of…
Ottawa urged to close loopholes in tax-free saving accounts that will put billions in pockets of wealthy. Prime Minister Stephen Harper on the hustings during the 2011 election campaign, during which he promised to double the contribution limit for tax-free savings accounts. (Adrian Wyld/Canadian Press)…
Most people don’t realize how much TFSA contribution room they actually have, says Jamie Golombek, managing director of tax and estate planning for CIBC Private Wealth Management. Though many Canadians know the annual contribution limit of TFSAs started off as $5,000 and that it’s now…
Many advisors don’t realize that Whole Life insurance policies can be either participating (par) or non-participating (non-par). Yet your prospects and clients own both, and rely on you to answer questions about their policies. So let’s correct this common misconception. When a WL policy is…
The country’s annual inflation rate climbed higher than economists’ expectations last month, accelerating to 2.4%, Statistics Canada said Friday. The October increase follows a 2% rise in September. The federal agency says the consumer price index climbed as prices rose in all of the categories…
A client just told you they declared bankruptcy. What will happen to their registered investment accounts? The protection provided under Canadian law for registered investment products varies by type of account and insolvency proceeding. Here, we’ll focus primarily on Ontario. RRSPs and personal bankruptcy All…
Peggy and Assaf’s 17-year-old son, Samir, plays defense for a hockey team in Belleville, Ont. He just earned a partial athletic scholarship to theUniversityofMichiganto play for the Wolverines, a Division 1 NCAA team. The scholarship covers his four-year tuition and living expenses, except $44,000 ($11,000…