Although men currently donate more in terms of dollar amount, Canadian women are slightly more likely than men to donate to charitable organizations.[1] That’s changing, though, as women’s income increases over time. Between 1985 and 2014, for example, the value of women’s donations tripled.[2] When you...
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...
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...
“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...
What have you always wanted to do? Some people have a lifelong dream to visit a faraway place, such as New Zealand, Ireland or even Whitehorse. Others dream of owning a cottage in a rural area. For others, starting a new business is their main...
When protecting an asset like your home, the easiest, most obvious solution may not be the best one. Let’s say your spouse has passed and your kids are grown. You invite your new partner to move in with you – but you don’t want to get...