Category: Foundations
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T3010 Compliance for Family Foundations: 2024
T3010 Compliance for Family Foundations is an important consideration. Our family office manages several family foundations. And, there are a few things in the T3010 for 2024 that have caught our attention. Before we begin, let’s put your financial knowledge to the test with our free financial literacy quiz! How do Impact Investments Affect T3010 Reporting? Impact…
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What Does a Family Office Do?
What does a family office do? Great question! As a personal CFO, our family office is focused on reducing the administrative burden of wealth, so that our clients can focus on more important parts of their life. Whether this is their family, friends, health, spirituality, or philanthropy. We act as their personal CFO, providing comprehensive…
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Family Foundations Challenges and Solutions
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…
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Essential Guide to Cottage Succession Planning
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…
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Successful Investing: 19 Essential Lessons for Lasting Success
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,…
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Capital Costs vs Operating Costs: A Guide for Cottage Owners
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…
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Avoid Capital Gains Tax in Canada: Strategies and Tips
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…
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Private Equity Trends: Key Risks and Insights
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…
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Investing in Cocoa: Is It a Smart Gamble?
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,…