A Challenge for New Clients: How to Choose a Trusted Advisor

If you’re in business for yourself, you have a unique opportunity to build wealth in an asset class that others don’t have: equity in a business enterprise that some day may be sold for millions of dollars. In addition, that business can spin off income for family members that can provide significant tax advantages, done well. Understanding how to realize on this asset requires the help of a trusted financial advisory team. Who should be on that team and how do you find them? This is a challenge your next new business clients may wrestle with. Here are some tips on how you can open discussions to help them:

Enjoying the summer cottage is a Canadian tradition. Do you know what your cottage is worth? According to David Christianson, this week’s guest columnist, a valuation this year might be a good idea, as high cottage values could bring succession challenges.  

Do you know of a non-resident receiving OAS? To ensure that OAS payments are not interrupted, please let them know that a special return must be filed.

Summer time is family time—and a good opportunity to review the funding of education for little ones. In this RESP review, the object is for advisors, parents, and grandparents to consider whether this registered plan is the right one for your new addition.

To everything there is a season. . .and, unfortunately within a circle of life, illness may arise. This event may in fact require an inter-advisory team of financial professionals to help your loved one transition from capacity to incapacity.

Imagine this true-to-life situation: A single daughter brings her stricken mother into her home to care for her after she has suffered a stroke.

Since 2004 certain members of the Canadian forces or a Canadian police force serving on a deployed operational mission that is assessed at a high risk level.