Family businesses are the backbone of our economy, and their future success is critical. Over the years, many successful family business owners have told us that they have not completed a proper succession and estate plan. 

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients.

What does that mean? As an investment advisor with well over 25+ years in the financial services industry, I am often asked “…what does that mean” when communicating with people outside and sometime within our industry. I must therefore be very mindful in my day-to-day communications to not use financial terms / jargons.
The purpose of this article is to try to simplify some of the many terms that we use daily so that they become more common place. What is a bull or bear market? Do I have a healthy net worth? When do I start the decumulation phase of my life? Can I earn a rate of return that is higher that inflation? What is this asset allocation thing that I keep hearing about? What is a 60/40 portfolio?

As the focus on RRSP season is over, we turn our attention to the current tax season. It is important to note that personal tax returns must be filed by April 30th. We kindly ask that you provide us all documentation at least two weeks prior to the appropriate deadline.

Your company is an operating company or an investment holding company. It has retained profits or surplus cash that is not paid to you, since you do not need the income. Your corporation invests the cash in a balanced portfolio including a traditional fixed income component, which you earmark for your heirs or favourite charity. You want a financial planning strategy that will reduce taxes annually and increase the funds available when you die.