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According to a disability planning workshop by the Mackenzie Institute, the CRA reported that more than 365,000 Canadians under the age of 49 who qualify for the Disability Tax Credit have not opened and taken advantage of a Registered Disability Savings Plan (RDSP). The result is billions of dollars in potential government grants and bonds remain uncollected. The good news is that it is possible to catch up on missed grant and bond payments! Read on to see how.

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Average retirees surveyed in the US between age 62 and 75 found that 3/4 of them had seen their assets remain the same or grow in retirement.¹ (Barron’s Dec. 2021)

Why is that? - Here are some observations:

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Tuesday March 8, 2022 was International Women’s Day and the theme for this year was “Gender equality today for a sustainable tomorrow”.

Women have made incredible strides, both professionally and personally, in the last half century. They are better educated, have greater responsibility in the corporate world and are leaders in many professions.  But despite the professional and financial successes women in the workplace have earned in recent generations, they are still facing challenges.

Some of these challenges include:
 

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The purpose for life insurance is to make sure that the ones we care about the most will always be taken care of. Whether you are hard to insure or have health issues, we can help put a plan in place at Brandon Lindsay.

Can I get life insurance if I have health concerns or pre-existing condition? Yes. There are many avenues designed specifically for Canadians with medical conditions.

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Arranging the smooth transfer of assets to heirs can be a challenge for many reasons.¹ (Manulife Nov. 2021)

The first one relates to time. Often, probate is required before instructions can be carried out and your beneficiaries can receive their inheritance – and the process of obtaining probate can be a lengthy one, frequently taking 6 to 18 months, or longer if it’s contested.

As the end of the year quickly approaches, like me you are probably looking forward to enjoying the upcoming festive season. However, along with your last-minute shopping, another activity which makes sense at year end is tax loss selling.

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A will is a key component of an effective estate plan. Advertisements for do-it-yourself will kits leave the impression that one need only fill in a few blanks to create a legally enforceable will. Be careful! ¹ (Sunlife)

Risks with do-it-yourself Wills

You may miss out on tax and personal planning opportunities that do not require a will

Without being properly informed about tax, estate, family and property laws, you run the risk that your wishes are rendered void

When people think of Life insurance, at the heart of it, it’s about taking care of loved ones. They see life insurance as a tool that protects people they care about from the potentially devastating financial losses that can result from a premature death. However, life insurance can also help you and/or your estate preserve wealth. Here are four scenarios to consider. 

Use life insurance to fund your retirement

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Financial stress can affect more than your wallet; it can have a ripple effect, impacting your health and relationships. The relationship between mental health and finances in some instances are dynamically linked.