Family foundations are often formed with the best intentions. But, like many family businesses, family foundations also struggle to survive past the founding generation. What are the biggest family foundation challenges preventing success? Overcoming the issues that cause family foundations to fail is crucial for ensuring their longevity and effectiveness. Here, we’ll briefly highlight the top 20 challenges family foundations...
Cottage succession planning is one of the most emotionally charged and difficult aspects of an estate plan. Unlike a stock portfolio, cottages are touched by emotions, memories, and can’t be easily divided in the same way between your heirs. Therefore, cottage owners face unique estate planning challenges. So, this post will describe the key elements when doing your cottage succession...
Successful investing might be easier to achieve than many might expect. The trick is not using some complicated strategy. But instead, sticking to simple, easy to understand, and consistent principles. In this post, inspired by investment advisor Ben Felix, I’ll share 19 insightful lessons about successful investing that highlight the importance of simplicity and consistency, when thinking about the...
The nuances between capital costs vs operating costs are essential to understand for Canadian cottage owners. Effective financial management of these properties not only impacts immediate tax obligations but also affects long-term planning, particularly when considering the sale or generational transfer of the cottage. This post will explore the distinction between capital costs vs operating costs. And, underscores the importance...
Canada recently increased the tax rate on capital gains. So, investors are asking: “how to avoid capital gains tax in Canada”? This post will provide Canadian investors with a few strategies to avoid paying capital gains tax. Especially considering recent capital gain tax rate increases. Before we begin, let’s put your financial knowledge to the test. Try out our free financial...
Private equity is increasingly built on shaky ground. And, as the private equity landscape evolves, investors should remain cautious. Especially given the complexities and risks of private equity funds. Private equity, once synonymous with exclusivity and high returns, is now an investment where transparency is increasingly questioned, liquidity is limited, and fees soar. This post highlights some worrying trends for...
Investing in cocoa can be an exciting trade. The cocoa market has experienced significant shifts recently, capturing the attention of investors, chocolate enthusiasts, and industry stakeholders alike. Understanding these trends is crucial for anyone involved or interested in the cocoa trade. So, this post will describe the current market dynamics shaping the cocoa market. And, describe some ways that investors...
The launch of the SVX Impact Index marks another milestone in the development of Canadian impact investing. By bridging the gap between investors and issuers, the SVX Impact Index aims to be a comprehensive database offering a curated selection of private impact investment opportunities. While the SVX Impact Index is commendable and certainly a step in the right direction. Impact...
Gold prices have been trending higher. And, after surging to new all-time highs, investors are scrambling for explanations behind gold's gravity-defying rally. But, is gold a good investment? And, is gold a suitable investment for the long-term, or just during certain circumstances? Is now a good time to invest in gold? Let's delve into the nature of this investment and...
The call for environmental sustainability among investors is growing louder. So, sustainable finance is influencing various sectors of the economy and having serious impacts for investors. Among these, Canadian banks are standing at a crossroads. They are under increasing pressure from shareholders and employees to divest from oil and gas financing. While the goal is to align with sustainable development...
