A will need not be probated. The power of an estate trustee derives from the will itself. However, in certain cases, a grant of probate (now awkwardly called a certificate of appointment of estate trustee with a will) is needed and the estate trustee will have no choice but to apply for probate and to […]
The reduction will partly offset increases to CPP premiums next year Clients who own small businesses and who are worried about upcoming Canada Pension Plan increases got some relief Thursday. The Canada Employment Insurance Commission announced a decrease in employment insurance premiums for 2019. The 2019 rate will be $1.62 per $100 of insurable earnings, […]
How does paying 6.59 per cent interest on a mortgage grab you? If that sounds high, it should, because Canada’s average five-year fixed mortgage is only 3.47 per cent. Yet thousands of seniors will pay that higher 6.59 per cent in a reverse mortgage, a loan secured against home equity where you make no payments […]
Get recession-ready by monitoring yields and corporate spreads Investors who are anxious about the next recession should stay ahead of the curve—the yield curve, that is. Listen to the full podcast on AdvisorToGo, powered by CIBC. “The shape of the yield curve is one of the best predictions of recessions,” said Patrick O’Toole, vice-president of global […]
Personal finance experts are a pretty soft-spoken bunch. It isn’t often that they say they would “never ever” advise buying a certain financial product. But that is exactly what they generally say when asked about mortgage protection insurance, according to Anne Marie Thomas of InsuranceHotline.com, an insurance comparisons site. Mortgage protection insurance isn’t the mortgage […]
Millennials are not inclined to get financial help or professional advice after receiving an inheritance, a survey from TD Bank says. The survey found that 83% of millennials who have received or expect to receive an inheritance feel confident in their ability to manage the gift. But almost half of those (46%) who have received […]
The late stages of market cycles are particularly difficult for investors to navigate. We share our market views and investment insights to help keep your investment plans (and focus) moving forward, and leave the mistakes in the rear-view mirror. Key investment strategies for late-stage market cycle investing: Decrease equity overweight positions and don’t abandon fixed […]
With current conditions bringing volatility back to the markets, active portfolio managers have an opportunity to buy good stocks at attractive valuations. Volatility persists, with lots for investors to digest this spring Market volatility persisted throughout April. The risk of a trade war between the US and China and escalating geopolitical tensions over the situation […]
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward, American writer (1921-1994) Time to adjust the sails The world economy and financial markets continue to progress through the later stage of the business cycle. This is not the time to overreach with aggressive, growth […]
The US government continues to turn up the heat on trade. Understandably, you may be wondering what this means for the economy, the markets, and your investment portfolio. With trade uncertainty being just one of the risks we see in the later stage of the business cycle, we recommend investors move toward a neutral portfolio […]