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In the absence of proper planning, the succession of cottages and vacation homes can trigger family disputes or create significant financial headaches and adverse tax consequences.
A trust can be an effective wealth planning tool in the appropriate circumstances that may be beneficial to you and your family as it can facilitate income splitting, business succession, and estate planning.
A majority of Canadians do not have a Will and are letting the government determine how to allocate their wealth when they die.
Key wealth planning strategies that you can consider to manage your financial well-being during this period of heightened volatility.
The wisdom of consolidation and the advantages of working with just one investment advisor
Considering if joint ownership is good estate planning or problematic tax planning.
