Introduction Inheriting assets from a loved one can be both a financial opportunity and an emotional journey. While it offers the possibility of achieving long-term goals like buying a home or retiring early, it may also bring a mix of conflicting emotions such as guilt or anxiety. Handling an inheritance wisely requires balancing emotional considerations […]

Introduction Creating a Will is a commendable step in securing your estate’s future. However, it’s equally important to ensure that your Will stays relevant as your life evolves. According to Domenic Tagliola, a Tax and Estate Planner at TD Wealth, updating your Will is a continuous responsibility. Significant life events or legislative changes could render […]

Introduction Being asked to serve as an executor of an estate might feel like an honor, but it’s also a significant responsibility that can quickly turn into a challenging and overwhelming task. Here’s what you should know before accepting this role and why professional help might be the better option for everyone involved. What Does […]

Introduction Julie Cole, co-founder of Mabel’s Labels, knows firsthand how crucial succession planning is when selling a business. Cole started Mabel’s Labels in the early 2000s with a simple goal: to create a business that allowed her more flexibility to care for her child diagnosed with Autism. What began as a basement operation flourished into […]

Introduction Retirement planning is a lifelong journey that requires proactive steps tailored to your current stage of life. Whether you’re just starting out, balancing multiple financial responsibilities, or approaching retirement, understanding how to align your goals with your financial strategy is key to a secure and fulfilling retirement. Here’s a guide to help you navigate […]

Introduction Retirement planning can be uniquely challenging for physicians in Canada. Balancing years of service to a demanding practice with the complexities of financial planning means that retiring as a doctor often requires more careful consideration compared to other professions. Julie Seberras, Senior Manager of Wealth Planning Support at TD Wealth, notes, “For physicians, the […]

Introduction When Canadians approach retirement, one of the most frequently asked questions is, “How much money will I need?” While it would be convenient to have a single number to answer this, the truth is that retirement planning is deeply personal and multifaceted. The answer depends on your unique lifestyle goals, financial situation, and the […]

Introduction Planning for retirement has evolved significantly over the years. Gone are the days when Canadians could simply rely on a company pension, the Canada Pension Plan (CPP), and Old Age Security (OAS) benefits to fund a comfortable retirement. Today’s retirees face a different set of challenges and opportunities, including longer life spans, changing economic […]

Introduction When it comes to saving for major milestones like buying a home, Canadians have several registered accounts to choose from, including the First Home Savings Account (FHSA), Tax-Free Savings Account (TFSA), and Registered Retirement Savings Plan (RRSP). Each account offers distinct advantages and tax benefits, and understanding the differences can help you determine the […]

Introduction Paying taxes is an inevitable part of life, but understanding and utilizing tax strategies can significantly reduce the burden and help you maximize your savings. While taxes fund essential public services like healthcare, education, and infrastructure, they also offer incentives to encourage beneficial financial behavior. Here are five effective tax strategies for Canadians to […]