Chimuk Landry - IG Private Wealth Management

Chimuk Landry - IG Private Wealth Management IG Wealth Management Inc. Jordan Chimuk, CFP®
Candace Landry, CFP® Visit our website for more information.

We work with each of our clients to customize and execute a unique and highly detailed ever changing personal financial plan so that they can enjoy all of life’s possibilities. Jordan Chimuk, CFP, BA, DBA, RRC
Candace Landry, CFP, DBA, RRC

THE CHIMUK LANDRY PRIVATE WEALTH TEAM
IG Wealth Management Inc.

The not-so-exciting decision you'll make about that second property is also the most expensive one to get wrong.How a pr...
06/05/2026

The not-so-exciting decision you'll make about that second property is also the most expensive one to get wrong.

How a property is held, in whose name, under what structure, affects the tax outcome when you sell it, when you pass it to your kids, and while you own it.

Ask your planner about it before signing that dotted line.

Aside from the view, is location even important?Short answer: DEFINITELY!Provincial rules on cottage ownership, taxation...
06/02/2026

Aside from the view, is location even important?

Short answer: DEFINITELY!

Provincial rules on cottage ownership, taxation, and succession vary significantly.

A cottage in Ontario triggers different probate exposure than one in Manitoba.

Quebec has distinct succession laws entirely.

BC has its own property transfer tax quirks.

Not to mention purchase price, rental income potential, appreciation history, and what it costs to pass the property down.

If you’re planning on buying a second property this summer, it’s good to know how your finances will be impacted on your way in, while you own it, and on the way out.

Nobody talks about the expenses that come with inheriting a cottage.✨️ Capital gains tax on everything the property gain...
05/28/2026

Nobody talks about the expenses that come with inheriting a cottage.

✨️ Capital gains tax on everything the property gained in value since it was purchased

✨️ Legal and estate administration costs

✨️ A buyout if some family members want to sell their share and others don't

✨️ Ongoing costs like property taxes, insurance, and repairs

Most families find this out too late. That capital gains bill belongs to the estate. It gets paid whether you keep the cottage or sell it.

A proper estate plan can take care of a lot of this. It spells out who pays for upkeep, who gets access, and what happens if someone wants out.

The conversation is easier when you're still around to say what you actually want.

Most families know their home is protected from capital gains tax (through the Principal Residence Exemption).Fewer real...
05/22/2026

Most families know their home is protected from capital gains tax (through the Principal Residence Exemption).

Fewer realize that the protection doesn't automatically extend to a second property.

And almost nobody thinks about it until they're sitting across from their accountant after a sale.

The gain on a cottage is treated as income.

At your marginal rate.

In the year you sell.

But tat's not a reason to avoid a second property. It's a reason to plan around it well before you buy.

There are strategies that help. A lot depends on your full financial picture, how long you plan to hold the property, and what you want to do with it eventually.

Worth knowing before you fall in love with a listing. DM us if you have questions.

You bought a $6,000 BC lake property back in the 80s. Now, it's worth close to $1M.Do you have a strategy for handling t...
05/20/2026

You bought a $6,000 BC lake property back in the 80s. Now, it's worth close to $1M.

Do you have a strategy for handling this?

Because a $1M cottage also represents:
A capital gains exposure event upon transfer
Potential co-ownership disputes among your children
An unexpected estate valuation for your family

What you can do today: Ask every person on your advisory team the same question:
"What happens to the cottage when I’m gone and who's coordinating it?"

If you get three different answers, you need to review your plan.

A property held in one province, owned by an estate in another, is not a simple conversation. It's a multi-jurisdictional event your family will navigate without you.

We specialize in making sure someone has the full picture before it becomes urgent. If you need to review your plan, reach out!

Spent an evening at the last week with a room full of supporters and allies of women in finance and leadership.ca broug...
05/14/2026

Spent an evening at the last week with a room full of supporters and allies of women in finance and leadership.
ca brought together some sharp minds to talk about something I think about a lot: what it actually looks like to show up for the women around you.

To help open doors and be intentional with building relationships.

Left with a lot to think about. And lots to act on too.

Thank you VersaFi for putting together such an empowering event.

- Candace

It’s almost summer. Which means....Cottage season 🏘️☀️Throughout this month, we’ll be dropping scenarios, tips, and thin...
05/12/2026

It’s almost summer. Which means....

Cottage season 🏘️☀️

Throughout this month, we’ll be dropping scenarios, tips, and things to think about as you plan to buy, sell, or transfer your vacation home/second property.

Have specific questions you need clarity on?

DM us or drop them below and we’ll answer them in our posts.

Why can't a Manitoba licensed planner serve me when I move into a different province?FP Canada is a national body. So a ...
05/11/2026

Why can't a Manitoba licensed planner serve me when I move into a different province?

FP Canada is a national body. So a CFP earned in Manitoba is recognized in every province. The designation doesn't expire when you cross a border.

But the licenses to actually serve you are provincial.

Title protection and licensing follow the client's province of residence. The moment you move to BC, your advisor needs BC securities registration and a BC insurance license to legally transact products with you there.

Their Manitoba licenses don't automatically extend.

This is why, before you make any major life move, the first call should be to your planner.

We are licensed to serve you outside Manitoba, so even if you move, you don’t have to start all over again.

Reach out and let's have a conversation.

A full calendar. Kids who need them. A team that relies on them.Yet somehow, Candace never makes you feel like you're co...
05/10/2026

A full calendar. Kids who need them. A team that relies on them.

Yet somehow, Candace never makes you feel like you're competing for her attention. And Mignon makes sure nothing slips through the cracks.

They make it look easy. But we know it isn’t.

So to Candace, Mignon, and all the moms who juggle more hats than anyone could, Happy Mother’s Day!

📸 Candace and her family, with her mom, at her kids’ school event
Mignon and her family on their recent trip to the Philippines

Did you know that CFP is a competency designation, not product license?A CFP still requires separate securities registra...
05/06/2026

Did you know that CFP is a competency designation, not product license?

A CFP still requires separate securities registration (CIRO) to deal in investments, and a separate provincial insurance license to recommend insurance products.

The designation shows planning competency and ethics.
The licenses regulate what products you're authorized to transact in.

A fully equipped advisor needs both.

Address

Unit 2/461 Sterling Lyon Parkway
Winnipeg, MB
R3P2S8

Opening Hours

Monday 8:30am - 4:30am
Tuesday 8:30am - 4:30am
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30am

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