You’ve put a lot of time and effort into your will. You've spent the time having those difficult discussions and dwelling on something you’d rather not. The last thing you want is for the taxman to come in and wreak havoc on your carefully considered plan. It’s essential to consider all angles when you’re planning your will. Unfortunately, taxes and tax planning need to be a part of that plan.
Whether you agree with the cliche, ‘cash flow is king’ or not, all of us, employees, business owners and retirees, it’s vitally important to keep your cash flow in check. To help you keep your money moving in the right direction, we’ll explore the concept of ‘cash flow’ and give you some tips on how to adjust both ends of the faucet.
Most farmers don’t enjoy thinking about selling the family farm, the dream they’ve worked so hard to build. It’s more than just a business – your farm is your home, your heritage. But, by not prioritizing farm succession planning, you risk setting your farm up for failure, or at least a less effective, bumpier change of hands.
For most of our lives, our plan for retirement revolves around saving and investing. We make plans with our financial advisors and keep them up-to-date to ensure we are able to pay our own way through retirement. But then we turn 60 and a surprise big decision hits: When should I start collecting CPP and OAS? We can help.
Ensuring your family’s financial security is at the top of your priority list, therefore the last thing you want to do is leave them with debt – such as an unpaid mortgage. To help you decide how to best protect your family, here are 5 Q&As to help clarify whether mortgage or personal insurance is right for you.
No one likes to start by thinking about the end. It’s so far away and takes so much planning for the least interesting part of the whole endeavour. But, whether you’re a serial entrepreneur, or simply looking to grab control of your own future, an exit strategy is integral to good business planning.