What Should You Do if You Are the Beneficiary of an Inheritance? Canadian retirees are in the midst of the most significant intergenerational wealth transfer ever. As of 2012, the percentage of Canadian families who received inheritance stood at approximately 28% across all provinces in the country. Moreover, this number
How To Handle Beneficiaries During Divorce? Major life events may prompt you to make necessary updates on your estate plans and life insurance. And, a divorce is no exception. In the process of dividing assets, ensuring your children adjust smoothly, and getting your life together as a single parent or
What to Consider When Picking Life Insurance Beneficiaries Life insurance plays an important role in protecting your loved ones if something happens to you. Therefore, choosing the right beneficiary for your policy is one of the most important processes after securing the coverage. In the world of life insurance, the
Return On Investments in Canada Return On Investment (ROI) is the measurement of how profitable an investment is. An ROI calculation should help evaluate the efficiency of an investment. By comparing how much you put into an investment versus what you earned from it, you can assess performance. Every investor
What is a Personal Balance Sheet Like other people globally, Canadians often have new year resolutions and dreams of improving their financial situation. However, these goals never seem to see the light of day. In fact, a report has it that 80% of these dreams don't reach the quarter-year mark.
Individual Retirement Accounts In Canada Canada has many types of retirement accounts that are available. The most commonly discussed around the water cooler are the TFSA and RRSP. However, there are many more to note. You may even have one of these or end up with one in the future.