Can’t I Just Make My Child a Joint Owner of My Rental Properties (Or Cottage) And Avoid Capital Gains Tax That Way?

Can’t I Just Make My Child a Joint Owner of My Rental Properties (Or Cottage) And Avoid Capital Gains Tax That Way?

This is one of the most frequent misapprehensions we come across and unfortunately, it is one that is regularly encouraged by well-meaning but misinformed (or occasionally less than scrupulous) accountants, advisors and lawyers. We’ll get into the details below but to summarize: You cannot get out of paying the capital gains tax on a property, […]

Effectiveness Vs Efficiency in Financial Planning

Effectiveness Vs Efficiency in Financial Planning

Order, sequence, precedence, priority. Whatever your discipline, whatever areas you choose to be an expert at, to ensure or maximize the chances of success there is an order of operations. Whether you are a chef, pour concrete, develop software, or fly aircraft, you know that doing things in their proper order is critical. In construction, […]

When Not Investing Could Make You More Money than a 6% Average Annual Return

When Not Investing Could Make You More Money than a 6% Average Annual Return

If I told you that with the same principal investment, the same taxes, the same rate of withdrawal, the same accounting and calculation methods, and the same time frame, I could give you more money with a 0% average annual return, which would leave you with more money in ten years than an investment with […]

Four Months of Free Life Insurance?!?!

Four Months of Free Life Insurance?!?!

For the first time ever, for a very limited time, and in response to the Covid-19 epidemic, you can get 4 months of totally free, fully underwritten, and guaranteed life insurance. As of now until December 1st, certain insurers are actually offering 4 months of free premiums for new applications. Additionally, if you have pre-existing […]

Life Insurance Quotes from All Major Canadian Insurer’s in Less Than 60 Seconds