Category: Foundations
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Seven Blind Spots your Private Foundation May Have
Our family office provides management & administrative services to private foundations. Over the years, we’ve realized many private foundations take certain responsibilities for granted. So, when an “unexpected” event occurs (like a CRA audit, death of a board member, change of tax rules) these private foundations scramble to adjust. The result is stress to the…
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Ethereum Merge
The Ethereum Merge is upon us! Soon, the Ethereum blockchain will undergo a major change to the way it operates. Virtually eliminating its carbon footprint, decreasing fees, and increasing transaction capacity. But, what should users really expect? And, is this a good time to invest in the Ethereum ecosystem? The Merge changes the way Ethereum…
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Am I Rich?
How wealthy are you? Typically, we think of financial wealth in numbers: our income, our net worth, or maybe how much money we have. But of course, wealth is much more than just dollars & cents. Wealth includes our health, the quality of the relationships we have with our family & friends, as well as…
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What is a Yield Curve?
If only there were a way to accurately predict the future course of money rates & economy. Well, there is! Yield curves provide investors with an indication of the market’s expectation about future interest rates and the trajectory of the economy. Yield curves have also been reliable predictors of economic growth and recessions. In this…
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Is Our Tax System Too Complex?
Recently, the American congress passed a law known as the “Inflation Reduction Act” that among other things provides an additional $80 billion USD of funding for the Internal Revenue Service (“IRS”) over 10 years. Supporters claim this extra funding will help the IRS collect more tax revenue by providing the agency with more auditing and…
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Fighting the Disposition Effect
The disposition effect is an investing bias that refers to our tendency to prematurely sell assets that have made financial gains, while holding on to assets that are losing money. We are driven to sell our winning investments to ensure a profit but are averse to selling losing investments in hopes of turning them into gains. The…
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Codify Your Legacy
Your financial legacy will be mostly measured by how successful your heirs steward your wealth, after you’re gone. That’s why you should work diligently during your lifetime to prepare them for success. This post describes three ways to codify your legacy to better prepare the next generation for the responsibility of wealth management. Documentation Matters…
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What about Preferred Shares?
With rising interest rates, some investors should re-consider preferred shares. This post describes what preferred shares are, the different types of preferred shares, and how they might be used by investors. What are Preferred Shares? Preferred shares generally have preferential rights to dividends over common shareholders. However, many preferred shares limit the exposure investors may…
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What is a Superficial Loss?
Investors may wish to harvest capital losses by selling shares and then re-purchasing those shares immediately with a lower cost base. Doing so would result in a tax benefit because investors could use the resulting capital losses to offset capital gains from other parts of their portfolio. But, CRA has closed this loophole by the…