What is Power of Attorney in Ontario and Why You Need to Understand it

What is Power of Attorney in Ontario and Why You Need to Understand it

If something should happen to you such as an accident or illness that impacts your ability to make financial and/or personal care decisions for yourself, then who will make those important decisions for you? That is why, once you have passed eighteen years of age (sixteen for personal care), you can and should have a Power of Attorney in place. This article covers the basics of power of attorney in Ontario and why you need to understand it.

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Why Life Insurance is an Important Part of High-Net-Worth Family’s Asset Allocation

Watch Bloom Investment Counsel Inc.’s Kevin Willis join Al G. Brown & Associates’s Elli Schochet for a discussion on why life insurance is an important part of high-net-worth families’ asset allocation and how to take advantage of this asset class to protect, preserve and build wealth.

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3 Reasons Why You May Wish to Consider a Prenup in Canada

Are you planning to get engaged, or are you recently engaged? A prenuptial agreement (or “prenup” for short) may be the last topic you or your partner want to have a conversation about right now; however, when two people come together, it is a partnership, and you are joining your assets. Stay informed—here are three reasons why you may wish to consider a prenup.

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Building Your Wealth: Is it Better to Rent or Buy a Home?

When building your wealth, is it better to rent or buy a home? Contrary to popular perception, renting doesn’t necessarily mean that you are throwing money away every month and buying doesn’t necessarily mean that you are building more wealth in the long-run. It all depends on what you do with your money—subject to current interest rates, the state of the housing market, and the state of the economy. Here are some monetary considerations connected with the “rent vs. buy” decision.

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Canadian Wealth Management Industry: Past, Present, and Future (Updated 2022)

In Canada, the use of the term “wealth management” in the financial services industry took off in the early 1990s.

Today, wealth management is the largest growth component of most Canadian financial institutions. We only need to look at 2021 and 2022 Q1 earnings reports to see that the wealth management divisions of Canadian banks and mutual fund companies are primary drivers of their high revenues.

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