I can choose who gets my money when I die, right?

Find out under what circumstances the courts may step in to change estate distribution instructions....

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How to minimize the tax payable by your estate

Canada does not have an estate or inheritance tax, but your estate assets are still subject to income and capital gains tax. Learn strategies, such as spousal rollovers and gifting to adult children, to reduce your estate’s tax liability....

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Investing a lump sum

Have you received an annual bonus or inheritance? Studies show investing a lump sum all at once tends to beat investing gradually, but personal factors matter as much as market analysis....

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Who will manage your finances if you cannot?

A power of attorney document (mandate in Quebec) ensures someone you trust will handle your financial affairs if you suffer a cognitive impairment. It’s a crucial step for every adult, regardless of age....

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A “beneficiary lottery” is what happens when you leave an inheritance to chance

Learn why the order of deaths in a couple may mean some beneficiaries get a windfall while others are left out in the cold....

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The importance of having a professionally drafted will

Discover why everyone should have a valid will that is prepared by a legal professional....

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Taking RRIF withdrawals in kind

You must withdraw a minimum amount from your Registered Retirement Income Fund (RRIF) each year. If you want to keep the investments instead of cashing them out, you can....

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FIRE versus YOLO

FIRE (financial independence, retire early) tells you to save, and YOLO (you only live once) asks you to spend. They just might get you thinking about your own saving or spending habits....

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The importance of including your pets in your estate and incapacity planning

Estate plans should cover pets too. Learn how to protect your pet’s future if you become unable to care for them....

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How vacation property upgrades save tax

Can spending money save you money? Well, in a way, yes. Find out how improvements you make to your vacation property can mean less tax on capital gains down the road....

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