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,...

Building wealth is essential when trying to reach important financial goals, be it funding a child’s education, buying a home or enjoying a comfortable and meaningful retirement. Working with an investment advisor is often a good way to save more money, achieve greater tax efficiency and grow long-term wealth through investing. However, investing for the future can be highly complex and typically requires specialized skills, experience and discipline to succeed. The same applies to retirement...

Contest for clients only. We Value Your Feedback! Leave your Comox Valley Infinity Wealth/iA Private Wealth advisor a Google review for a chance to win a $200 gift certificate to the OhSpa in Courtenay. Between February 5th and March 5th, 2025 click here and share your experience with us. Each review will an entry to the contest. The winner will be contacted on March 6th, so don’t miss your chance to participate. Please read the rules here.

Paying off debt is an important step towards stress-free financial health. Here are a few tips to help you. Analyze Take a moment to determine how much you’re paying in interest on your various sources of credit. Imagine if this amount went directly into a savings account! Print your recent statements, get out your coloured markers and categorize your expenses. It will surprise you to see how much you spend on certain expenses and where your money is going. Budget You might find it easy...

What should your priority be: to pay down debt or grow your savings? It depends on your situation. Take a look at yours and see what works best for you. Advantages of paying down debt By paying off your debt more quickly, there’ll be less interest to pay and the repayment period will be shorter. Advantages of saving for retirement It’s no secret: the earlier you start to save, the more time your money will have to grow. What’s more, by contributing to a registered retirement savings plan...