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...
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...
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...
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...
When it comes to planning your estate, some decisions are easier than others. Some of the hardest decisions involve choosing the right people to take your place when you’re gone, including your executor and the guardian of your children. The two roles are very different, but...
More than half of Canadians don’t have a will. Ultimately, this lack of foresight is a truly selfish decision. It leaves your family members in a terrible position where they have to guess what you would have wanted. Let’s say you didn’t do any estate planning....
Losing a spouse can be one of the most traumatic events in a woman’s life. But with women living longer, on average, than men, it’s likely to happen. In fact, many widows have many happy, healthy years without their partner. Circumstances do vary, but there are...
According to Statistics Canada, women live nearly five years longer than men do on average.[1] They also have higher rates of disability and they may have earned less than men during their working years. They will also have different questions to answer and challenges to address...