Life insurance is an important expense for many Canadians. It helps ensure loved ones are taken care of, should anything happen to you. This is especially true if you’re the main provider of your family. Many Canadians pay into life insurance policies to cover the loss of income. It ensures family members and loved ones can continue to support themselves financially. Canadians with life insurance policies need to know: is life insurance taxable in Canada? Keep reading to learn more. Related Reading: How Inheritance Works in Canada Table of contents Is life insurance taxable in Canada? Is mo ..read more

You may have heard the term “economic bubble” at some point in your investing journey. But what are bubbles in economics and why should you be concerned with them? The long and short of the matter is economic bubbles arise when the perceived value of a commodity exceeds its real value greatly. This typically occurs over a short period of time and is a result of over-excitement or disproportionate hype. To learn more about economic bubbles, keep reading! Table of contents What are bubbles in the economy? How a bubble is formed in economics What causes bubbles to burst in economics? What is a ..read more

These days, it seems everyone is talking about money. How much or how little there is, world events from the economy, and the acquiring of material possessions are just a few examples. Is this simply the modern world we live in? Or is there be a deeper issue at play? And how is that affecting our attitudes towards money on an individual level? While our society has become very money-obsessed, there is a condition called money dysmorphia that you may be experiencing. In this article, we’ll explore what money dysmorphia is, common symptoms, and strategies to overcome it. If the oversight of fina ..read more

It takes a lot of time and dedication to establish and build wealth, whether it was acquired personally or inherited through sudden wealth. After all that hard work, it would be a shame for it to be squandered. Successful people know it’s easy to get on top, but hard to stay on top! So, what do you do to ensure your wealth remains intact? There are a variety of wealth management solutions available to affluent Canadians, one of which is a single family office. Table of contents What is a single family office? What is single family office vs multifamily office? Download Your Free Guide 6 ..read more

Client privilege is an important consideration when hiring a professional. This is especially true when it comes to your legal and financial affairs, but it could apply to other aspects of your life, such as working with a therapist. As a general guideline, client privilege is the right of a client to communicate with a professional freely and openly without worrying about that information becoming public. In this article, we’ll explore what client privilege means, circumstances where it can be broken and how it applies to legal and financial professionals. Keep reading to learn more! Ta ..read more

Throughout history, financial markets experienced numerous ups and downs, trials and tribulations. It would be wonderful if we never had to witness or worry about recessions, but history shows this is the natural cycle of the economy. As the old saying goes, what goes up must come down! At the moment, there are whispers of an impending recession in Canada, perhaps even a depression, along with other parts of the world. The definition of a recession is an economy that is experiencing a reduction in spending, decline in the output of goods and services, high unemployment, and lower consumer cons ..read more

In the world of finance, there are tons of ways to measure the value or potential of an investment, particularly in the stock market. Seasoned investors often spend ample time fine tuning their approach to investment decision making. Each investor will have a unique opinion on how to make trades based on their experience, goals and risk tolerance. A popular quantitative metric is the price to book value ratio. In this article, we’ll deep dive into what the price to book value ratio is, how to calculate the ratio, and how to assess it. Continue reading to find out more! Table of contents What ..read more

Pretty much everyone in Canada can agree that a recession is coming in 2024 from expert economists to typical consumers. As an investor, you might not want to see the value of your portfolio decline rapidly during this time of economic uncertainty. The question becomes, how to recession proof your portfolio for the upcoming year? In this article, we’ll explore the characteristics of a recession proof portfolio and what to do to establish that in your own portfolio. Keep reading to learn more! Table of contents What does a recession-proof portfolio look like? Should you rebalance portfolio d ..read more

A globalized world means international travel, trade, and abroad work opportunities. Surely, you’ve heard of the digital nomad movement of freelancers and work-from-home employees globetrotting to reap lifestyle and cost benefits from living abroad. But how do they deal with taxes if they work for a Canadian company but live in a completely different country with its own separate tax laws? Or, if you’re self-employed or a business owner, what country do you pay taxes in? Our vetted roster of wealth management companies often get these questions from investors living abroad. But for now, we’ve ..read more

Ever received a suspicious voicemail from the CRA? Then, when you call back the number to “pay your debt,” something just doesn’t feel right about the person on the other line. With Canada’s rising fraud rates, chances are that the suspicious call could swindle you of your personal information and money if you aren’t careful. You’d be surprised how common fraud is — the financial loss associated with it might bring feelings of insecurity, shame, and embarrassment. But that’s why security and risk management are so important in the wealth preservation strategies that Wealth Management Cana ..read more