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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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What is a Bare Trust?
Bare trust arrangements can help some investors re-organize their affairs in a way that reduces probate and makes it easier to transfer assets in the future. This post describes what a bare trust is and how it might be used.…