Author: Bloom Investment Counsel, Inc.

The Importance of Estate Planning for Canadian Business Owners

Written by Bloom Investment Counsel, Inc. on October 19, 2022. Posted in Estate Planning. No Comments on The Importance of Estate Planning for Canadian Business Owners

Life happens, and business owners would be wise to plan an organized, tax-efficient transfer of assets in the event of an untimely or unexpected death or incapacitation. Business owners work hard to accumulate wealth, so most probably don’t want their wealth to be used in ways that go against their wishes or for their heirs to be left with a significant tax liability. Two primary goals of estate planning, therefore, are to 1) distribute assets according to the owner’s wishes and 2) minimize tax liabilities.

Estate planning in Canada is not as difficult as many may think. This article covers the basics of estate planning for Canadian business owners.

Is Buying a House a Good Investment to Build Wealth?

Written by Bloom Investment Counsel, Inc. on October 12, 2022. Posted in Life Events. No Comments on Is Buying a House a Good Investment to Build Wealth?

Many people may tell you that buying a house is a good investment to build wealth—but is it, really?

Buying a house requires taking money out of your pocket for the initial purchase and an ongoing outlay of cash for property taxes, maintenance, insurance, and utilities, among others, for as long as you own the house. This article points out two additional, hidden, downsides of purchasing a house for investment purposes which you may wish to know before you decide to purchase your next investment property.

What Does a Stock’s Dividend Yield Mean?

Written by Bloom Investment Counsel, Inc. on October 12, 2022. Posted in Investing. No Comments on What Does a Stock’s Dividend Yield Mean?

Dividend yield on a stock means how much dividend income you will likely receive relative to the current price of the stock. It is the ratio of a stock’s annual dividend payment compared to its current price. However, dividend yield can, at times, be misleading to the average investor looking to invest in dividend-paying stocks. Learn more about dividend yields in this article.

Planned Giving vs. Regular Charitable Donations

Written by Bloom Investment Counsel, Inc. on October 3, 2022. Posted in Philanthropy. No Comments on Planned Giving vs. Regular Charitable Donations

Over the past decade or so Canada has been one of the top ten most charitable countries. Making charitable donations has become a regular aspect of life for many high-net-worth individuals and families. But what is planned giving and how is it different from making regular charitable donations?

Diversifying to Reduce Your Overall Investment Risk

Written by Bloom Investment Counsel, Inc. on October 3, 2022. Posted in Investing. No Comments on Diversifying to Reduce Your Overall Investment Risk

Have you diversified to reduce your overall investment risk? Even if you are currently investing in funds or are relying on the expertise of a discretionary investment manager, it’s always a good idea to think about diversification.