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🎒 The backpacks are back.And every year around this time, the financial conversations start to shift.➡️ RESP withdrawals...
07/31/2026

🎒 The backpacks are back.

And every year around this time, the financial conversations start to shift.

➡️ RESP withdrawals for tuition and residence costs.

➡️ Grandparents asking how they can help with education expenses.

➡️ Parents of high school seniors learning about OSAP, scholarships, and student funding options for the first time.

➡️ Empty-nesters wondering what to do with the extra monthly cash flow once the kids move out.

➡️ New questions about insurance coverage when a teen heads away to university with a vehicle.

➡️ Families trying to balance education costs while still staying on track for retirement.

Back-to-school season is not just a change in routine. For many families, it is also a major financial transition point.

If some of these conversations are starting to show up around your kitchen table, this may be a good time to revisit the plan.

We were all once someone’s summer student, intern, or new hire.And most people still remember the person who gave them t...
07/30/2026

We were all once someone’s summer student, intern, or new hire.

And most people still remember the person who gave them that first opportunity.

As summer jobs and internships ramp up, there is another reason families may want to pay attention to the teenagers and young adults earning income this season.

A summer job can be more than just spending money.

It can be the beginning of long-term financial habits.

In Canada, earned income can create valuable future opportunities, including:

✅ RRSP contribution room

✅ TFSA savings habits once eligible

✅ Learning about budgeting, taxes, and investing early

A teenager who begins saving and investing even modest amounts at a young age may benefit enormously from the power of long-term compounding.

And importantly, the savings do not necessarily have to come entirely from the teen’s pocket.

Some families choose to help match contributions as a way to encourage strong financial habits early in life.

A first paycheque may seem small.

But the financial behaviours built around it can last for decades.

If a teenager or young adult in your family is earning income this summer, this may be a great time to start the investing and financial literacy conversation.

Without looking… when was the last time you updated your will?For many people, the honest answer is: “Quite a while ago....
07/29/2026

Without looking… when was the last time you updated your will?

For many people, the honest answer is: “Quite a while ago.”

Sometimes it is: “I honestly don’t remember.”

Estate documents often get signed during a major life event — retirement, the birth of children, the sale of a business — and then quietly sit untouched for years.

A few things many Canadians do not realize:

✅ Probate and Estate Administration Taxes vary by province, and owning property in multiple provinces can create additional complexity.

✅ Cottages, investment properties, and private company shares can trigger significant capital gains taxes at death, even though Canada does not have a traditional estate tax.

✅ Beneficiary designations on RRSPs, RRIFs, TFSAs, and insurance policies often override the instructions written in the will.

✅ Powers of attorney and executor appointments can quietly become outdated as family circumstances, health, and relationships change over time.

✅ Family dynamics matter. Blended families, second marriages, business succession plans, and unequal inheritances can all create issues if documents are unclear or outdated.

And honestly, those are just a few of the areas worth reviewing.

Estate planning is not only about taxes. It is about clarity, family communication, and making sure your wishes still align with your current life and goals.

If you would like a second opinion on your estate planning strategy, we would be happy to help coordinate conversations alongside your legal, tax, and accounting professionals.

RESP true or false?“Grandparents should avoid contributing to an RESP because it could create problems later.”❌ False — ...
07/27/2026

RESP true or false?

“Grandparents should avoid contributing to an RESP because it could create problems later.”

❌ False — but coordination matters.

As post-secondary costs continue to rise, more Canadian families are involving grandparents in education planning conversations.

And in many cases, grandparent contributions can be incredibly valuable when handled thoughtfully.

A few things worth reviewing before tuition bills start arriving:

🔹 Who owns the RESP? Parent-owned and grandparent-owned RESPs can have different practical and estate planning considerations.

🔹 Is there unused CESG grant room available? Catch-up opportunities may still exist.

🔹 If multiple RESPs exist for the same child, are contribution limits being coordinated properly?

🔹 If one child finishes school early or changes direction, does the family RESP structure still make sense?

🔹 Are withdrawals being planned efficiently between Educational Assistance Payments (EAPs) and contribution withdrawals?

🔹 Has anyone reviewed how RESP withdrawals may affect taxes, cash flow, or student funding eligibility?

RESPs are one of the most valuable planning tools available to Canadian families, but like many strategies, the details matter.

Before making large contributions or withdrawals, it can be worthwhile to coordinate with your financial, tax, legal, or accounting professionals to ensure everything is aligned properly.

National Parents’ Day is this Sunday, which is news to most parents.So no, the day will probably not put parents in the ...
07/26/2026

National Parents’ Day is this Sunday, which is news to most parents.

So no, the day will probably not put parents in the spotlight. But parenting is a 365-day job, and one piece of it gets quietly transferred whether parents are intentional or not: financial habits.

Some kids and grandkids absorb attitudes about earning, saving, and risk long before they understand the math.

A few questions worth asking before the next family gathering:

🔹 What do the kids and grandkids actually know about how the family operates financially?

🔹 What do we want them to understand about earning, saving, giving, and risk?

🔹 When was the last family discussion about money that was not about a specific bill or expense?

🔹 Is there a generational wealth strategy, and does the next generation know enough about it to carry it?

The families we see do this best hold a standing meeting once or twice a year, and summer is a perfect time!

Nothing formal. Just enough rhythm that the next generation knows what is being built and why.

Summer with kids is not inexpensive.And camps, childcare, and summer activities can quickly become one of the larger sea...
07/23/2026

Summer with kids is not inexpensive.

And camps, childcare, and summer activities can quickly become one of the larger seasonal expenses for many Canadian families.

What many parents do not realize is that some of these costs may qualify for the Child Care Expense Deduction in Canada.

Depending on the situation, eligible expenses may include:

✅ Day camps and summer camps

✅ Sports, arts, or activity camps where
childcare is a primary component

✅ Care that allows parents to work, operate a business, attend school, or conduct research

✅ Childcare expenses for children generally under age 16

A few things that may not qualify:

❌ Overnight or sleepaway camp costs beyond certain limits

❌ Primarily educational tutoring programs

❌ Expenses without proper receipts or supporting documentation

❌ Programs where childcare is not considered the primary purpose

The rules can become more nuanced depending on income levels, custody arrangements, self-employment, and which spouse claims the deduction.

Summer activities create great memories, but they can also create planning opportunities if handled properly.

If childcare expenses are part of your family’s financial picture this year, it may be worth discussing how they fit into your broader tax and cash-flow planning.

⚠️ A 10 percent position in a single stock is sometimes called a concentrated position.Most people don't realize it when...
07/22/2026

⚠️ A 10 percent position in a single stock is sometimes called a concentrated position.

Most people don't realize it when they have one.

It's usually not a conscious decision.

Ten years go by, and one company’s stock is a large percentage of the portfolio.

That isn't loyalty. It's exposure.

🔍 A few questions you might consider:

🛑 If the stock dropped tomorrow, what would change for your family?

🛑 Is the position there because selling always felt premature?

🛑 Has the embedded capital gain quietly become the reason nothing has been done?

There are several ways to unwind a concentrated position without writing a large check to the IRS.

The correct path depends on the situation.

If this sounds familiar, we’d welcome a conversation to share ideas that may help. Before any action is taken, however, it’s important to consult your tax, legal, and accounting professionals so you understand the tax consequences of any decision.

RRIF withdrawals: don’t wait until December.Year-end is often when many retirees start thinking about minimum RRIF withd...
07/20/2026

RRIF withdrawals: don’t wait until December.

Year-end is often when many retirees start thinking about minimum RRIF withdrawals.

But waiting until the last minute can reduce flexibility around tax planning, charitable giving, and overall cash-flow strategy.

For Canadians with RRIFs, minimum annual withdrawals are mandatory beginning the year after the RRIF is established, and the amount increases with age.

A few things worth knowing:

👉 RRIF withdrawals are fully taxable income, and larger withdrawals can affect things like OAS clawback exposure and overall tax brackets.

👉 Coordinating withdrawals across spouses, non-registered accounts, corporations, and TFSAs can materially change the long-term tax picture.

👉 Charitable giving strategies involving appreciated securities may help reduce taxes more efficiently than donating cash in some situations. Always consult your tax, legal, or accounting professional before implementing a strategy.

👉 Timing matters. Spreading withdrawals thoughtfully throughout the year can sometimes create more flexibility than a year-end scramble.

👉 Estate planning matters too. The tax consequences of large RRIF balances at death are often much larger than families expect.

Mid-year is usually when there is still time to model different scenarios calmly and thoughtfully.

December is often when people are simply reacting.

If RRIF withdrawals, retirement income planning, or charitable giving strategies are part of your financial picture this year, now may be a good time to review the plan.

Another Simcoe County Loop is in the books! Congrats Lynne Duquette and Rick Caron for your first ever “loop”. Great jo...
07/19/2026

Another Simcoe County Loop is in the books! Congrats Lynne Duquette and Rick Caron for your first ever “loop”. Great job!! This ride had a ton of laughs, some singing, muddy bikes and bodies and great camaraderie!!

Travel fraud gets worse every summer, and we hear more stories from clients every year.A quick login from the lobby.A br...
07/16/2026

Travel fraud gets worse every summer, and we hear more stories from clients every year.

A quick login from the lobby.

A brokerage app checked from the airport lounge.

A bank balance pulled up at a cafe.

Public networks are where accounts can get exposed.

A few habits worth building before the next trip:

🛑 Skip public WiFi for anything financial. Use cellular data or a personal hotspot.

🛑 Turn on real-time transaction alerts for every card.

🛑 Consider using credit, not debit.

🛑 Watch for skimmers (devices attached to gas pumps and ATMs that copy card data).

A few minutes of preparation before the trip can help prevent months of cleanup after.

Address

544 Hugel Avenue
Midland, ON
L4R1V9

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

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