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How To Pass Money To Heirs While Minimizing Taxes In Canada

Written by Bloom Investment Counsel, Inc. on June 21, 2022. Posted in Life Events. No Comments on How To Pass Money To Heirs While Minimizing Taxes In Canada

Grandparents or parents of high-net-worth families who have amassed wealth beyond their personal needs may at one point or another contemplate how to pass money to their heirs, while minimizing taxes.

If this sounds like you, you are not alone. Over the coming decade, Canadian inheritances could hit $1 trillion. Some Canadians focus their attention on estate strategies to transfer their wealth after their passing, while others are keen to give during their lifetimes—but in both cases, wish to keep as much of their wealth intact as possible and shield it from taxation.

As we enter an age of unprecedented wealth transfer, you should be prepared. In this article, we highlight 4 ways to transfer wealth while minimizing the tax bite in Canada.

How to Select a Charity and Build an Enduring Philanthropic Legacy?

Written by Bloom Investment Counsel, Inc. on June 20, 2022. Posted in Philanthropy. No Comments on How to Select a Charity and Build an Enduring Philanthropic Legacy?

Leaving a philanthropic legacy is a great way to ensure that your name (or your family’s name) lives on and to make a positive impact on a cause or a community for generations. But how do you choose which charity to support in Canada?

Here are 3 important tips for making that decision, along with a way to generate the desired income for donation purposes, which we hope will help guide you towards making a meaningful decision.

Bear or Bull? Dividend Investing is Timeless

Written by Bloom Investment Counsel, Inc. on June 20, 2022. Posted in Investing. No Comments on Bear or Bull? Dividend Investing is Timeless

Should you invest in dividend stocks in a bear market or a bull market? While price appreciation of a stock can be negative, dividend income is never negative. Dividend investing is timeless. Here’s why.

Should I Continue to Invest in Dividend Stocks During a Rising Interest Rate and Inflationary Environment?

Written by Bloom Investment Counsel, Inc. on June 13, 2022. Posted in Investing. No Comments on Should I Continue to Invest in Dividend Stocks During a Rising Interest Rate and Inflationary Environment?

Many investors turn to dividend stocks for income which can be especially attractive in a low interest rate environment. But what about a rising interest rate environment when there are potentially other types of investments whose yields may start to look attractive? Do dividend stocks perform well in periods of high inflation?

In this article we provide some thoughts about investing in dividend stocks in a rising interest rate and inflationary environment.

Here’s Why Dividend Investing is Not Just for Retirees

Written by Bloom Investment Counsel, Inc. on June 13, 2022. Posted in Investing. No Comments on Here’s Why Dividend Investing is Not Just for Retirees

You may have heard about retirees living on dividend income, but is dividend investing just for retirees? If wisdom comes with age, and retirement planning almost universally includes increasing portfolio allocations to dividend-paying, income-producing equities, then should we follow this sage advice much sooner? Many people have the impression that dividend-paying stocks are not as exciting as growth-oriented stocks—we don’t agree with this. Here’s why dividend investing is not just for retirees.