You're not alone if the prospect of talking with your heirs about estate planning makes you uncomfortable. In fact, earlier this year a poll by the Canadian Imperial Bank of Commerce showed that nearly 50 per cent of Canadians have not broached the topic of...
Month: November 2015
How not updating your will can cause conflict among family members
Creating a will is an essential part of any comprehensive estate plan, but too often disputes over estate assets -- along with the resulting heartache among family members -- are due to mistakes in the will or failure to update it when major life events occur.For...
Committee considers new rules for financial advisors in Ontario
The Financial Planning Standards Council is the not-for-profit organization that establishes professional standards for financial planners in Canada. An appropriately qualified professional can earn a Certified Financial Planner certificate, but there is currently no...
Survey: Many Canadians unsure of how to maximize retirement savings
Do you have a retirement plan but are not quite sure of whether it will be enough when you reach retirement age? If so, then you are not alone.According to a recent survey of 2,000 Canadians, fewer than 10 per cent said they knew what kinds of investments would...