There are many reasons to gift money. It may be fulfilling to see what "inherited" funds contribute to while you are alive. Gifting assets to family members during your lifetime may help to reduce the overall family income tax bill. It may also provide an opportunity to teach adult children how to invest. If you are contemplating gifting funds to adult children, there are a few things to keep in mind.
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Seniors comprise a growing share of our population: Canadians are living longer than ever and, at the same time, having fewer children than decades ago. As the number of seniors continues to grow, they have increasingly become a target for fraud.How can we protect seniors from fraud? We have a few suggestions on where to begin...
For many business owners, one of the most valuable business assets is the business owner themselves: their ability to work, generate income and contribute to the business. As such, having insurance to protect the owner can be an essential component to the business.
If you have opened a Registered Education Savings Plan for the benefit of children or grandchildren, chances are that you have been disciplined in contributing over the years. However, have you considered the way in which you will eventually withdraw funds from the RESP?
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