The rapid evolution of artificial intelligence (AI) is about to transform various industries, and the financial planning industry is no exception. With advancements in machine learning, data analytics, and automation, over the next few years AI is expected to reshape how financial planning is done, and its impact is expected to continue to grow from [...]

Home prices are finally starting to come down throughout BC, largely due to interest rate rises. And assuming we see another couple of years of rate rises, we should see prices recede accordingly to a level that is hopefully sane once again.  That means that for younger couples without a home today, starting now to […]

Do you want to know the secret to both financial success and a happy marriage along the way?   The first key is to make sure you're paying yourself first. This can be a real problem for people that are either not employed on a regular basis or are self-employed with a volatile income.  But the [...]

The tax rules governing the valuation of corporate-owned life insurance, for purposesof determining the fair market value (FMV) of private company shares on a shareholder’s death1, are well established. Subsection 70(5.3) of the Income Tax Act (the Act) provides that in valuing the shares ofthe corporation, the FMV of any corporate-owned life insurance on the […]

Part of the ideal of Canada is that it is a country of fairness.  Whether you agree of not, there is a process in place that allows anyone to challenge an existing law or statute based on the constitution. That's exactly what's happening with Bill C-208 right now.  It's a case that is being watched [...]

By Cass Schneider A YOUNGER PERSON’S GUIDE TO RRSPs  Authors note:  This is Part 1 of a series on basic money management for younger people.    People my age often put off saving until they are making more money, out of debt or more confident in their job prospects.  As a result, they often don't [...]

There may be situations where your client owns a life insurance policy and the life insured isanother individual (e.g., their business partner, spouse, or child). Your client has died owning thispolicy and now the ownership of the policy needs to be changed. What are the tax implications of theownership change and is it possible to […]

This episode’s insurance article is on Estate Freezes. Over the years we’ve done a number of them for some of our business clientele. While this approach is certainly not for everyone and can be difficult to grasp, the strategy can help to save considerable tax in certain situations. If you feel this may help your […]

We’re regularly working towards improving our education so that we can help you. One of the things we did (well Mark and I did) this Christmas holiday was to review The Psychology of Money. It’s a book detailing timeless lessons on wealth, greed, and happiness, written by Wall Street Journal columnist Morgan Housel. The book […]