At IG Private Wealth Management, we believe it takes a careful mix of expert financial knowledge and agility to get the best from today’s markets. That’s why we developed the iProfile™ Private Portfolios.
There’s an easier way to help you shape your philanthropic legacy. Continue your tradition of charitable giving and experience the benefits of a private foundation, without the upfront costs and administrative responsibilities.
For many families, it is much more important to preserve the family cottage than any other asset. Those who want to leave the cottage to their children must plan for the tax consequences and disputes which may arise upon their death. The concepts here apply to any vacation property, including a ski chalet or condo.
We all want to be remembered; and a thoughtful, personal estate plan can help ensure your legacy is exactly what you want it to be. Whether your focus is on maintaining family harmony, reducing stress for your loved ones, being fair and equitable, or maximizing wealth transfer – your efforts now will help ensure a smooth transition of your estate.
Time in the market, not timing the market, is what builds wealth Stephen Rogers, Investment Strategist John Maynard Keynes once famously noted “In the long-run we are all dead.” Investors can count on a similarly long-term truth: in the long-run stock prices rise, but in the short-run they are notoriously hard to forecast. No matter what increments of time are...
Adding your adult child as a joint owner to your property could have unintended tax and legal consequences.* If you’re a Canadian living outside Québec, and are considering sharing ownership of an asset with a child during your lifetime, be careful. There are two distinct forms of joint ownership. You’ll need to specify which type you’re choosing, but also be...
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children. Blended families are families where some or all of the children in the family are not the natural or adopted children of both spouses or common-law partners. Determining how an estate such as this should...
As a business owner, having a well thought out tax and estate plan is key for financial success. Business owners sometimes say, “My business is not complex or big enough to warrant a tax and estate plan”. But quite often, this is not the case – a plan’s value is maximized when implemented before it is truly needed. Think about...
Individuals can grant powers to others to manage their affairs in a number of different circumstances using various types of documents, often known as a power of attorney. Being appointed as a substitute decision-maker for someone’s financial affairs through a power of attorney is a huge honour and obligation. Here are some of the more important things to keep in mind for those taking on this significant role.
When an estate or gift is left to a child, it can be subject to a family property claim if the child later separates or divorces. But, there are ways to protect the inheritance, which ensures your child is the sole beneficiary.