May 17, 2024 If you’re like most entrepreneurs, your family business isn’t just a job – it’s your passion. That’s why you’ve invested so much time and effort into growing your business. Now that retirement is on the horizon (or no longer an abstract, way-in-the-future thought), you’re turning your attention to next steps. More specifically, it’s time for a succession plan. Succession planning is complex and the transition process could take years. Let’s look at some key considerations so you...

February 22, 2024 For most Canadians, the Registered Retirement Savings Plan (RRSP) is foundational to long-term financial security. In this article we’ll look at the key features of RRSPs and the many benefits that make them so popular. How RRSPs work You can contribute to an RRSP from the first time you have qualifying earned income until December 31 of the year you turn 71. For any given tax year, you can make contributions during the calendar year or up to 60 days after that. As an...

Fidelity Investments is offering a chance to take part on their contest to top-up your TFSA for this year! Click on this link to enter a draw with Fidelity to win a $7000 contribution to your TFSA. Please read and understand that this opportunity is provided by Fidelity and not iA Private Wealth. Before entering your name, you should have read and understood that this is a marketing campaign and will provide Fidelity Mutual Funds Canada your email address to deliver marketing information that...

January 29, 2024 Cybercrime is on the rise in Canada. From 2014 to 2017, fraudsters managed to take over $405,000,000 from Canadians1. Know the signs to protect yourself. Spoofed websites Anyone can get an internet domain address. Unfortunately, this ease of access means that fraudsters can create misleading sites imitating real websites like Facebook, or your bank. If you don’t see through the fraud, and enter your username and password, the fraudster will then have that information. Be...

January 22, 2024   While many people want to purchase a home, it’s become a greater challenge in today’s economic environment. Consumers are financially stretched by high inflation that’s lifted the price of food, fuel and just about everything else. On top of that, central banks have raised interest rates to help control inflation, leading to soaring mortgage rates. Never mind that real estate valuations – while largely off their peak – remain high, especially in large urban centres....

January 15, 2024 While some people love their job so much they never want to retire, for a lot of us the only thing better than saying goodbye to the rat race is doing it sooner than expected. But before clocking out early, there are a few boxes to check to ensure you’re making the right choice. Figure out your finances The first thing to consider is whether retiring early is financially feasible. Working with an advisor to assess your wealth plan may identify issues affecting your long-term...