Although relying on an inheritance is possibly the worst financial advice anyone could give you, the fact is that the average inheritance a Canadian receives is over $100,000. The challenge is figuring out the best way to spend that money. It’s easy to spend the money...
Whether you’re a single mom by choice or by circumstance, you have a lot on your plate. It isn’t easy to manage childrearing and a career – especially if you don’t have a partner (or an involved partner) in your life. Unfortunately, nearly one-third of Canadian...
It happens all the time. A young woman shows up with a baby bump and is immediately put on the “mommy track.” A new female manager is hired, but she isn’t invited to a dinner meeting with a client because she “probably” wants to be...
Life is not for the faint of heart. As longevity increases, it becomes more common for Canadians to face a serious illness before their death. In fact, data from Statistics Canada suggests nearly half of Canadian deaths can be attributed to cancer and heart disease alone.[1] While...
When it comes to financial planning, women value financial security above everything. Perhaps that’s why they carry less debt than men[1]; they are more cautious and risk-averse. They tend to focus more on the long term – and they can get better returns that way...
When it comes to finances, more than half of Canadian women are paying the bills and taking care of general household budgets. Yet fewer than half of them are participating in investment decisions or creating long-term savings goals.[1] There are a number of reasons for this,...
“The road to success and the road to failure are almost exactly the same.” –Colin R. Davis Anyone who sets out to put together a will has the best of intentions. They want to ensure their family is cared for. And in some ways, creating even...
For most people, creating a will is nothing more than a task on a to-do list. You want to finish it up, check it off your list and forget about it. The problem is, circumstances change. You may have gotten married, been divorced, had children, started...
According to a recent survey by Lawyers’ Professional Indemnity Co., the majority of Canadian adults don’t have a will. No doubt there are a number of reasons for that, but an estate plan isn’t just for the elderly or the wealthy. Most people put together an...
When people think of estate planning, they usually think about a will. A basic will names your beneficiaries and the assets they will receive. It can be a very simple document that is completed in a short period of time. But while that basic will may...