Finance

Cottage owners got richer on paper over the pandemic, with property values rising by as much as 160% in some parts of the country. Great, isn't it? But also more complicated for your succession plan.

Keeping the family cottage peaceful and familial requires a cottage sharing agreement that sets out the rules for dividing the responsibilities and usage of this place that holds so many happy childhood memories.

If you have recently retired and are in your mid-60s, you have a choice to make. Do you take your government pension entitlements, or defer them to a later date in order to receive a higher amount?

Now is not the time to panic. Dr. Mark Soth, the man behind the physician finance blog Loonie Doctor, discusses how the pandemic hit doctors’ incomes and what he tells physicians about saving for retirement.

There is no question globally there is a powerful movement towards passive (index) investing and the use of exchange traded funds (ETFs) as an investment vehicle to access those indices. The question is why is this happening? First, we must review the "what."

Conventional wisdom is to avoid realizing capital gains in order to defer taxation as long as possible. However, there are some times when harvesting the capital gains in a corporate investment account could actually defer tax even more.

Residents in their final year had prepared to write their certification exams[1] this spring. Then the pandemic struck. Now, with exams delayed until at least the fall, recent resident graduates are having to make some changes. In addition to having to adjust for the new exam timing and all that goes along with that, many are dealing with financial impacts as well.

Canada has finally come up with its most accurate picture of the distribution of net worth for Canadian families. The Parliamentary Budget Office released its report titled “Estimating The Top Tail Of The Family Wealth Distribution In Canada” in 2020. Here is a brief summary of what this report is all about.