Although we like to focus on the joy and excesses of the season, a year-end must remind us of some looming deadlines as well. With increasing wealth accumulated in RRSP and RRIF accounts and their punitive tax treatment upon death, it is important to note that there are some time-limited rules that must be respected when distributing funds from the deceased’s registered accounts. Delays could tamper with the spousal and qualifying beneficiary rollover provisions and should be avoided wherever possible.


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People have long understood that a goal with a short-time frame and a tangible benefit has a greater likelihood of being achieved than one that will take years to achieve. This article links successfully achieving a goal with being in a sentimental mindset when you undertake the commitment required to achieve the goal. That got me thinking: what would you bring to a meeting with me to put you into the right sentimental mindframe for a financial goal? Your passport? A photo of a home or car? A photo of your parents are your post-secondary convocation?


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Giving Tuesday has become a world-wide phenomenon promoting philanthropy alongside the excesses of Black Friday and Cyber Monday. Usually, the emphasis is on the tax benefits for individuals and explains the use of the donation tax credit. This article focuses on corporate philanthropy as a way of aligning corporate and client values. Read on!


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This article highlights some simple ideas you can implement to reduce the clawback of your OAS benefits. These strategies all form part of our plan to save you taxes, preserve your Federal income streams and optimize your goals.


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This article presents several viewpoints with respect to the intersection of financial planning and genetic testing. As a fee-for-service financial planner, my role is to create financial models that project your household’s financial situation into the future. I believe that my clients will benefit substantially from the progress made in medicine and genetic testing. The better we can understand the opportunities and constraints that lie ahead of us, the more knowledgeable our decisions will be with respect to the delicate balance between living for today and protecting ourselves from outliving our wealth.


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In reading this article, I was reminded of clients who not only want to know, “will I be OK?” but are interested in learning about what others in similar situations are doing with their wealth. This article identifies 10 common ways in which wealth is used and shared.  In my experience, clients do like to spend on vacations, hobbies and services – especially as they age. I don’t see many people who want to isolate themselves as the article describes but I am increasingly seeing the focus turn towards inter-generational transfers and philanthropy.


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An emergency fund is the least sexy of all the financial planning topics. However, knowing that your financial obligations will be covered for a period of time—no matter what happens to your job, health, or personal circumstances—is critical. This is true whether you’re just starting out or already have substantial savings.


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I have taken countless exams over the course of many years of study. Frequently, they use multiple-choice questions. Yet, I’ve never seen the option, “It Depends”—which is often the most accurate response in financial planning. Here are some issues to consider and discuss with your financial planner and/or accountant.


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In the coming weeks, we’ll be busy collecting receipts, following up on t-slips that have been misplaced and wishing that we could have done a better job of our tax planning. Unfortunately, by the time we’re in the middle of tax reporting, it may be too late to do much tax planning.


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For the past 17 years, I’ve been a certified financial planning professional (CFP). During all that time, I’ve been explaining to people what I do because they’re confused. I blame industry jargon on this problem, so let me straighten things out a little…


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