As the old saying goes, the only certainties in life are death and taxes. Given this reality, it’s beneficial to have an up-to-date estate plan that reflects your wishes for potential care needs and distributing your assets to loved ones, while also minimizing your estate’s tax liability to help facilitate an effective transfer of wealth. While creating a comprehensive estate plan is important, it’s equally important to communicate your plan to family members – as well as your specific...

  It’s normal to have questions about the best savings vehicles for you.   To determine which one is best for you, it is important to ask yourself one question: “What am I saving for? Short- and medium-term projects or long-term projects?” Depending on how you answer this question, you will be able to move toward an RRSP, a TFSA or another type of investment account. RRSP If you’re thinking about retirement and/or your current income is higher than it will be when you retire,...