The loss of a loved one is difficult and having to deal with the administration of their estate after they’ve passed can be especially overwhelming. Declining markets can add another layer of financial stress when administering an estate during an already emotional time. However, there are tax strategies that can help address a decline in market values.
With the onset of the COVID-19 pandemic, we have seen inspirational stories of individuals and organizations helping their communities and supporting causes in a variety of ways. During this time, you may be thinking about how you can contribute more or whether you should revisit your charitable giving approach.
COVID-19 has created an environment where concerns for our loved ones’ health and economic well-being are both top of mind. It’s also made many of us appreciate that we’re not invincible, and sometimes we can’t control the future. This resonates closely for families who have either lost a family member or are concerned about an elderly person in their life.
This Special Update highlights the key Federal Government announcements, as well as IG Wealth Management mortgage and banking measures that will be of interest to our clients.
Canada Life, IGM Financial and Power Corporation of Canada announce a $1 million joint contribution to support crisis relief efforts in our communities. The funding will support immediate needs of local and national foodbanks, which are struggling to cope with increased demand.
As the coronavirus continues to spread, we are committed to keeping you up to date on its impact on the markets. Below, you’ll find insights into market developments as well as updates and advice to weather the storm. Find out more
Important #COVID19 market volatility perspective from one of our asset managers, BlackRock : This is not 2008 Market moves have been compounded by oil prices plunging more than 20% as an OPEC pact to stabilize prices unraveled. The virus shock’s impact will likely be large and sharp, but we believe investors should be level headed, take a long term perspective...
Whether you’re leaving a little or a lot, the key to protecting your loved ones is simple: just start.
Adding your adult child as a joint owner to your property could have unintended tax and legal consequences.
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children.
If you’re a U.S. taxpayer, learn about the additional information we can provide which allows you to make an important election for your investment in Canadian mutual funds and will make it easier to file your U.S. tax return.
As a business owner, having a well thought out tax and estate plan is key for financial success.