Canada is undergoing the most significant wealth transfer in history, with growing numbers of Baby Boomers hitting retirement and an estimated $1-trillion expected to change hands to the next generation. However, how smoothly that transfer goes can vary significantly from family to family—and many Canadians are vastly underprepared.
Fairy tales and fables may be predominantly aimed at children, but they often contain lessons that are relevant to grown-ups. We examine four age-old bedtime stories that hold important truths for investors.
An introduction to this important legal process.
You might be able to plan for many of your retirement expenses, but there are likely going to be unexpected things that come up.
The idea that a U.S. recession could be imminent is likely to spark anxiety among investors. We highlight five considerations that investors should pay attention to.
After spending nearly two decades saving for a child’s post-secondary education, it’s time to start paying for it. When money is paid out of a registered education savings plan (RESP), the various types of payments and tax treatment can cause confusion. There’s also the question of what to do with RESP savings that aren’t used to pay for post-secondary education. The good news with withdrawal options is that they provide opportunities to implement strategies to reduce the associated tax cost.