Since 2020, inflation has been on everyone’s mind and for good reason, grocery prices have skyrocketed, and for many items, costs haven’t dropped much over the past five years. Even though inflation rates have fallen from the peaks of 2021 and 2022, it may not feel that way in our day-to-day lives. Understanding the long-term impact of inflation on your purchasing power is essential. Take a simple example: currently a loaf of bread costs around $3.27. If inflation were zero,

Often, we have conversations with clients about their overall estate plans. Not a comfortable conversation at times, but one that is an important part of a financial plan. Specific conversations regarding a potential Power of Attorney (POA) should be taken seriously and given plenty of thought while you have the time and capacity. Taking it a step further, conversations with your POA about your wishes is very important. It is not uncommon for a POA to be sprung into action fr

We often talk to our clients about the importance of having a will. It’s important for many reasons, but one of the most important is providing clear instructions on how you want your assets distributed after you pass away. Since, no one gets a pass on dying, why don’t most Canadians have a will? Many think that the consequences are only great if their wealth is great. This is simply not true. Family disputes can arise because of items small in value but great in sentimental

There is no better way to save for school! Registered Education Savings plans (RESPs) are the best plans to save for your children’s future education aspirations. If you contribute $2500 into an RESP, the government will automatically match 20% and put $500 into your RESP to grow tax sheltered. You can do this every year for each of your children until they turn 18. The most any child can earn is $7200 in grant money. Starting early is the key to earning long term compounded