https://youtu.be/AGK9Rs4Aqqk Introduction: The quiet problem most people don’t see Here’s a slightly uncomfortable truth: a lot of Canadians are doing “everything right” financially and still leaking wealth. They earn well. They invest consistently. They avoid obvious money mistakes. Yet a big chunk of what they build never really becomes theirs to keep. It drifts away […]
If an individual loses the ability to manage their financial affairs, some people believe the spouse can simply take over. However, that’s only permitted if the spouse was named in a power of attorney document (mandate in Quebec). In a power of attorney, you appoint someone to manage your finances if you suffer a cognitive […]
Canada is the only G7 nation without an estate or inheritance tax, but the government still collects tax on Canadians’ estate assets, often at the top marginal rate. For example, assets in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) are taxed as income on the final tax return. Also, 50% […]
November is “Make a Will” month in Canada, so it’s an appropriate time to discuss not only the importance of having a valid will in place, but how critical it is to have a will prepared by a legal professional with the necessary expertise in estate planning. Adverse consequences of not having a will If […]
https://youtu.be/v-KSdJjmXE4 You’ve worked for years to save and invest. When your accounts crossed into the $2 million zone, it felt like a victory lap. You might even be picturing stress-free days ahead. You know what? That number is a milestone, not the finish line. Once your wealth hits that level, new challenges emerge—bigger market swings, […]
Life sometimes has its uncertainties. Major economic events, such as a deep recession, or personal challenges, such as job loss or divorce, can shake our financial stability. Corporations and governments establish contingency plans to protect against unexpected calamities, but individuals can also put a plan in place. Here are three ways you can help safeguard […]
https://www.youtube.com/watch?v=pwkxcp9Hkqk Today’s housing market remains challenging, leaving many first-time home buyers hard-pressed to come up with a down payment. So, quite often, parents or grandparents want to help out. As of April 1, 2023, a new avenue has opened to help fund a down payment: the First-Home Savings Account (FHSA). Although you can’t contribute directly […]
https://www.youtube.com/watch?v=0uYwJpb5qQo&t=4s When markets have been below their peak for some time, it’s helpful—psychologically and financially—to keep in mind that down markets have always been followed by recoveries. Psychologically, you’ll feel reassured that better days are ahead. Financially, you’ll be able to continue investing while prices are lower. No one, experts included, knows when a bear […]
https://youtu.be/xHAhd9pEJHQ It’s only human nature to want to take maximum advantage of a bull market and resist investing in a bear market. But our natural inclinations aren’t always the wisest investment choices. When markets are strong Say that an investor is enjoying solid returns from their equity investments during an extended bull run. This person […]
In this month’s Portfolio Construction, our team at CI Multi Asset Management reviews the implications of Russia’s Invasion and what they mean to the investment landscape. Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer We are all saddened by the news of Russia’s invasion of Ukraine. We hope this war will end soon and […]
