Life insurance is just one of the various ways Canadians can donate to charitable organizations and receive a donation tax credit. This is accomplished by the donor making the desired charity the owner of the donor’s new or existing life insurance policy.

The TFSA can be an very powerful tool for wealth generation. Investment income earned inside your TFSA (interest, dividends, and capital gains) do not create an income tax liability.  Gains are truly tax-free.

If you were successful in generating wealth during your working years, your advisor or financial planner may inform you that you have more money than you will ever spend. Instead of worrying about “do I have enough,” your concern shifts to “how do I protect what I have saved?”

Several times a year, I receive questions from clients about adding an adult child as a joint owner of their assets.  This could be bank accounts, investment accounts, or even as a joint owner of their home. 

The TFSA can be a very powerful tool for wealth generation. Investment income earned inside your TFSA (interest, dividends, and capital gains) do not create an income tax liability. Gains are truly tax-free.

No one wants to run out of money during retirement. That is why the most common question I get asked is, “do I have enough?”

Don’t ignore expenses you know are coming (new roof, new car).

How does your advisor pick which clients receives the first phone call when the next 2008 happens?

Sequence risk becomes a big problem once you start withdrawing from your portfolio.