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.
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
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.
The right funds for down payment savings, real estate profits Canada’s hyper hot housing market means lots of Canadians are parking savings on both sides of a housing transaction: many younger people are saving for a down payment and some sellers need to bank their profits while they downsize, move to another town or rent
Think twice before naming a friend or family member as your executor Research has shown that most Canadians name a family member or friend in their will as executor of their estate. While this may seem like a natural choice, it may not always be the best one. Your executor is personally responsible for your
Headline versus core inflation: which really matters? There are two key measures of inflation: headline inflation and core inflation. This year, headline inflation has dominated the headlines, but which is the most important for investors? Headline inflation. Headline inflation is a kind of “raw” inflation figure reported through the Consumer Price Index (CPI) as measured
Are fund investors learning not to panic? When the stock market experiences a crash, as it did in the spring of 2020, the script is predictable: investors sell their stocks and take refuge in “safer” fixed-income and cash-equivalent securities. A U.S. research company, DALBAR, has been documenting this behaviour and the price mutual fund investors