Commentary
Over the last few years, most Canadians should have noticed a clear divergence of our economy versus the U.S. What’s most worrisome
is this divergence is expanding and accelerating at a faster pace.
For instance, last month (link) we wrote about how much worse the giant housing affordability issue will get for Canadian homeowners,
because of the higher renewal mortgage rates through 2024-2025 and 2026. In the U.S., most mortgage borrowers have a 30-year fixed
mortgage so they have been unaffected by the rise of interest rates creating an important divergence between our two economies.
Unfortunately, Canadians face another big challenge created by what we believe are some of the bad policies in Canada. The Canadian
GDP per capita has shrunk 5 quarters in a row. In particular, the Canadian GDP per capita was down about 4% annualized in the third
quarter. The National Bank chief economist explains it pretty well in their memo titled “the population trap.” 1 Click here to read.
Following two difficult years, the need for giving continues to grow, in Canada and across the world. For those who would like to make philanthropy a part of their legacy, here are seven key considerations (and surprising tax benefits) you should be aware of.
Leaving a lasting legacy for your family can involve careful planning and a team of professionals. Here are five questions that can help get you started.
Q: My dad is in his 70s and has mentioned moving in with his new girlfriend. Should we be concerned about protecting his assets if the relationship gains common-law status?
Stepfamilies are common, but planning for who gets what after you die is anything but routine. When families come together, each with their own possessions, ensuring your assets go where you want is key.
The Private Giving Foundation was the first-of-its-kind fund in Canada. Jo-Anne Ryan, Executive Director and architect of the foundation speaks to us about the value of flexible giving and how you can make an impact with your good fortune.
For couples who meet later in life, retirement planning may seem a little daunting. But it doesn’t have to be. If you get started now, and ask the right questions along the way, it can even be exciting. Here are a few questions that should be top of mind.
