Retirement is a time filled with new possibilities, but it also brings its own set of challenges—especially when it comes to managing changing expenses. In the early years, you may be focused on enjoying newfound freedom with travel or spending…
Retirement should be a time of comfort and security, but achieving that requires more than just one steady source of income. To truly make the most of your golden years, it’s essential to draw from multiple income sources, each carefully…
Retirement planning is a crucial aspect of financial security, and for family-owned enterprises, it carries even greater significance. Unlike traditional employees, family business owners must balance their personal retirement goals with the long-term sustainability of their business. A comprehensive retirement…
Retirement in Alberta offers a wealth of opportunities, especially when it comes to maximizing senior benefits. Understanding how to leverage these benefits can significantly enhance your financial security. For families with family-owned enterprises, strategic tax and benefit planning is essential…
I've encountered numerous instances where financial advisors provide oversimplified advice that might sound beneficial in the short term but prove costly in the long run. A common piece of advice is to "keep your RRSP/RIF as long as you can…
Imagine securing your family's financial future with a tool so powerful, yet often underestimated. Permanent life insurance isn't just about covering the "what ifs"; it's about embracing the "what can be." For family-owned enterprises in Canada, it's not only a…
For individuals accustomed to higher earnings transitioning into retirement, the Old Age Security (OAS) pension may introduce an unexpected element to financial planning: the recovery tax. Here's how it plays out and strategies for managing it as you start receiving…
In this blog post, we explore the foundational aspects of Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs, and how trust income can impact these benefits for your elderly parents. Although we often get seniors who are disappointed…
The Canada Pension Plan (CPP) stands as a pillar of retirement security in Canada, offering a foundation upon which individuals can build a stable retirement income. For owners of family-owned enterprises, understanding and maximizing CPP benefits is not just a…
Retirement planning is a crucial aspect of ensuring the longevity and prosperity of your family enterprise. Let's explore the top 10 tax considerations to keep in mind as you plan for a seamless transition into retirement. Succession Planning and Tax…