Preparing an estate directory

Preparing an estate directory

Imagine if an estate executor (or personal representative, liquidator or estate trustee, depending on the province) was about to administer an estate, only having the will. They would have a tough time searching for contact people, important documents and hidden information. That’s why it’s important to develop an estate directory including everything your executor needs.

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Filing taxes? Remember pandemic support payments are taxable income

Filing taxes? Remember pandemic support payments are taxable income As you pull together all the usual slips and information to prepare for the tax filing season, don’t forget about the potential impact of the government’s pandemic support programs. The most important thing to know is that income from all Government of Canada’s pandemic support programs

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Keep performance in perspective, especially after a major market event

Keep performance in perspective, especially after a major market event If you pay close attention to your mutual funds’ performance, the past 12 months may have put up some wonky numbers. That’s because the crash of 2020 and the quick recovery could mean wild swings in short-term performance periods like 1-month, 6-month, or 1-year returns.

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Looking for more after-tax retirement income? Consider these strategies

Looking for more after-tax retirement income? Consider these strategies Once you’ve retired, your financial focus becomes making the most of your retirement savings – and that means paying as little tax as possible. Fortunately, there are things you can do to structure your income flow in a way that maximizes your after-tax income. Consider the

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