2026 June Newsletter - Keeping Financial Plans on Track This Summer

 

Keeping Financial Plans on Track This Summer

 

As summer begins, shifting routines and new plans can create a natural opportunity to reflect on your financial priorities. Whether you are working toward a home purchase, building a family, or planning for longer-term goals, seasonal expenses and lifestyle changes can affect both day-to-day cash flow and future planning. This may be a good time to revisit your strategy and consider how it aligns with what you are working toward.

 

Review changes in your priorities and spending: Summer can bring added costs such as travel, home projects, and family activities, making it worthwhile to reassess current spending needs.
Reassess savings, investments, and upcoming milestones: Whether you are planning for retirement, education costs, or a major purchase, this can be a useful time to review how your current approach aligns with your broader objectives.
Reconnect on your plan for the months ahead: If your priorities have shifted or you would like to revisit your strategy, I invite you to reach out for a conversation.
 

Important Reminders

• The First Home Savings Account (FHSA) is now available through TD Wealth Private Investment Advice.  Supporting the next generation is top of mind for many clients and plays an important role in wealth and legacy planning conversations. The FHSA can play a role in these discussions by offering a tax-efficient way to support first-time home ownership while introducing structured wealth planning early on.  Click here to learn more, or contact us to open an FHSA account.
• If you are contributing to a RESP, the deadline to qualify for the current year’s grant eligibility is December 31, 2026. Please contact us if you would like to review your education savings plan.

 

Wealth Perspectives

Below are a few articles and insights that stood out this month.  Click here to read more articles.

 

Exit options: 4 succession strategies for business owners

When it’s time to move on from a business, owners have more choices than they may realize beyond simply selling or passing it to a family member. Jeff Halpern, Business Succession Advisor at TD Wealth, outlines some of the exit strategies and shares why planning ahead can be key to a successful outcome. Among the options is the Employee Ownership Trust that allows owners to access a $10 million capital gains exemption — but only until the end of 2026.

 

Five things to know about FHSAs

From contribution rules to investing and long-term planning, First Home Savings Accounts share familiar features with other registered plans, but with important differences. Nicole Ewing, Principal, Wealth Planning Office at TD Wealth, walks through five practical considerations for families helping loved ones save for their first home, including what to keep in mind if home-buying plans change.

 

Is your child ready to inherit?

Preparing your child for an inheritance isn’t just about the Will — it’s about readiness. Mindi Banach, Tax and Estate Planner at TD Wealth, explains how parents and grandparents could distribute assets in stages, so wealth is passed down gradually rather than all at once. She also shares why family conversations about money should include investing and charitable giving.

 

Useful Tips

Use Extra Caution: Phishing Scams and Added Protection

Phishing emails and text messages may appear to come from TD in an attempt to collect personal information. TD would never ask clients to complete tax forms through email or text links.  Here are some useful tips:

• Watch for red flags, such as urgent requests, suspicious sender addresses, unusual links, or messages asking for confidential information.
• Do not click suspicious links or respond to unexpected messages.
  Report phishing attempts by forwarding the email or sending a screenshot of the text message to phishing@td.com.
• Consider adding a Trusted Contact Person (TCP), someone we may contact only in specific situations, such as concerns about fraud or difficulty reaching you.  Please contact us if you would like to add a TCP to your account.

 

To book a quick mid-year financial check-in or annual review this June, simply contact me and I will be in touch shortly.