When Does It Make Sense to Incorporate for Professionals? Published by Susan Carson on Nov 13, 2024 For professionals and high-income business owners like doctors, lawyers, tradespeople, and entrepreneurs, incorporation can be a powerful tool to optimize tax strategies, protect personal assets, and plan for the future. But when does it make sense to... Read more
Navigating a Windfall: How to Make the Most of Your Inheritance Published by Susan Carson on Oct 30, 2024 Inheriting a significant sum of money or receiving a financial windfall can be both a blessing and a responsibility, especially following the loss of a loved one. Navigating this moment with care is crucial to honoring their memory while securing your... Read more
Taking Control: Securing Your Financial Future in a Changing World Published by Susan Carson on Oct 24, 2024 In our two-part series on overcoming financial challenges, we address key issues women face in achieving financial independence. Understanding Common Financial Regrets When reflecting on their financial journeys, many women cite regrets such as not investing... Read more
Women and empowerment: Knowledge and discipline are the path to financial freedom Published by Susan Carson on Oct 02, 2024 Unlike in the United States and other countries, Canada celebrates Women's History Month in October. Why? Because, shockingly, women in Canada weren't officially recognized as "persons" until a court ruling in 1929. Even more surprising, until 1964, many... Read more
The importance of Understanding Your Net Worth in Building Wealth Published by Susan Carson on Sep 21, 2024 When it comes to building wealth, having a clear understanding of your financial position is essential. A statement of net worth, which details your assets and liabilities, serves as the basic building block in this process. It provides a snapshot of... Read more
Investment Markets: Understanding Cycles and Embracing Long-Term Strategies Published by Susan Carson on Sep 02, 2024 Investment markets -- either in equity or debt -- experience cycles of expansion and contraction. Simply put, investments increase in value, maintain their value or decline depending on economic cycles and investor sentiment. Economic Cycles and Their... Read more
Navigating Widowhood: Empowerment through Preparation and Support Published by Susan Carson on Aug 02, 2024 The death of a spouse is a challenging and often unexpected life transition that many women face. The average age of widowhood in Canada being just 56 years old, it's crucial to prepare both financially and emotionally for this tragic possibility. At... Read more
The Power of compounding and regular saving Published by Susan Carson on Jul 14, 2024 The Power of Compounding Interest and Compounding Investments When it comes to building wealth, one of the most powerful concepts to understand and leverage is compounding interest. Sometimes referred to as the "eighth wonder of the world," compounding... Read more
You are an executor - what now? Published by Susan Carson on Jul 08, 2024 The Role of an Executor: Navigating Responsibilities and Seeking Professional Guidance Being appointed as an executor is both an honour and a significant responsibility. When someone you care about names you to this important role, it means they trust... Read more
Women's Financial Advisors Matter Published by Susan Carson on Jun 10, 2024 Navigating the world of personal finance can be complex for anyone, but women often face additional challenges and considerations. Women have unique financial needs that require careful attention and specialized support from their financial advisors.... Read more