When Things Go Wrong In Estate Planning

A Family Let me tell you about a family and their estate. The family consisted of a widower, Charles, and his two adult sons, William and Harry.* Charles and his late wife had drafted mirror wills years ago. William, the elder son, was the estate trustee,...

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Mothers and Financial Planning

Mother’s Day 2022 inspired me to write this blog post on some of the financial aspects of being a mother.   Women who take time out of their careers to become mothers often find that they are held back, or pressure is placed on them to cut...

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The Problem with Tax Refunds

You may have seen an article published on April 29 by CBC about “angry and frustrated” teachers who find themselves in the unfortunate position of having their tax refunds delayed. This is because the Eligible Educator School Supply Tax Credit that many teachers had claimed...

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Are You a (CPP) Dropout?

When I was a teenager, some of my acquaintances dropped out of high school. In B.C., where I grew up, the rule was that you had to be at least 16 years old to make that choice. I suspect that far fewer make that choice...

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Navigating Testamentary Capacity

You have an elderly widowed neighbour. You know her so well that she asked you to be the executor of her will some years ago, shortly after her husband died. Recently, you have noticed a few changes in her lifestyle. She is full of excitement...

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Give It Away: Financial Gifts and Tax

Give it away, give it away, give it away now Give it away, give it away, give it away now Give it away, give it away, give it away now*   You have reached a level of wealth that gives you a sense of contentment. You are confident that...

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What can a life insurance agent do for me?

I will admit to a bit of a love-hate relationship with life insurance. On the one hand, insurance is almost always appropriate to buy at some time in your life. On the other hand, as someone with a chronic health condition, kidney disease, I couldn’t...

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