It is estimated that Canada’s baby boomers and early Gen Xers will inherit $1 trillion over the coming 20 years in a monumental transfer of wealth. If you are one of these beneficiaries, here are 3 key considerations that will help prepare you and make it easier to tackle the difficult decisions that you will need to make about your inheritance.
Is your money working for you, or are you working for your money? While the latter is all too common, there are many ways in which you can achieve financial freedom and gain the ever-lusted after luxury of more time by engaging in inactive income streams where the money earned requires little work, or no active involvement to generate ongoing capital. In this article, Bloom Investment Counsel takes you through interest income.
While the charitable giving space is often seen as a community open only to the ultra-wealthy or dominated by men, the philanthropic community is constantly evolving.
It is an invitation to women and minorities to embark on charity on their own terms—and of their own accord.
Are you looking to work with an independent investment manager, one who has the skills and expertise to look after your or your family’s investments and manage them for you? Many people are embarrassed or even scared to talk about wealth management with an investment manager—but working with a financial professional, or even simply setting up an introductory call to speak with someone, could help ease your financial stress.
The key is to start talking… but there are a myriad of options and working out which manager is the best fit for you can be daunting. Here are questions you should ask before, during and after your introductory investment consultation with a manager to help you make this important decision.
The charitable giving space in Canada is certainly well populated, with over 170,000 charitable and non-profit organizations in 2021 (of which 85,000 are registered with the CRA), contributing an average 8.1% of total national GDP.
With such an abundance of causes, each with their own story and proposed impact, many philanthropically-minded Canadians have explored and implemented Donor-Advised Funds in their wealth plan to achieve their philanthropic goals. What is a Donor-Advised Fund, and what are the benefits of using one? Read this article to learn more.