Naming Beneficiaries for Your Financial Assets

Naming Beneficiaries for Your Financial Assets

When naming a beneficiary for each of your financial assets, the obvious choice may not always be the best choice. You should consider tax and estate planning implications, among other things. We have listed important items you should consider when naming beneficiaries for major financial assets: Tax-Free Savings Accounts With a Tax-Free Savings Account (TFSA), […]

Helping Your Teens Develop Good Money Habits

Helping Your Teens Develop Good Money Habits

It seems like it happens in the blink of an eye. One minute you’re cradling your newborn, the next you’re dealing with an ornery teenager. Life changes significantly as your children age, and you have to consider more than coping with mood swings. These money tips from your financial advisor at The Beacon Group of […]

How RRSP/RRIF Designations Can Protect Your Family

How RRSP/RRIF Designations Can Protect Your Family

Naming beneficiaries for your RRSP and RRIF investments is not an easy process. There are many different options, each with their own benefits and tax implications. Beneficiary designations for these accounts are an important part of the estate planning process. Possible beneficiaries for your RRSP and RRIFs include your current spouse or your children/grandchildren. In […]

*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.