Your other half is gone, and now the other half of the income is gone too. It’s like taking a 50% pay cut at work – except you have more responsibilities than ever before.
The mortgage, groceries, and all the other bills still cost the same, but now you have only half of the money to pay them. If you have multiple children, juggling all of your time and energy can feel like an Olympic feat.
Some things you may have thought were optional before are now mandatory. Everyone knows how important life insurance is, but what about disability and critical illness coverage? This is something you may have waved off previously, but now, it becomes more important than ever before. If you suffer a serious injury, how will you take care of yourself or your children? Other health benefits may also become a priority. You may need help managing the financial issues of a divorce settlement or estate distributions.
Many people will offer you advice on which investments to buy. But there’s more to your financial life than your RRSP. Estate taxes…
Investment Tax Planning
An investment tax strategy is not just about writing the government a cheque; it can be a deeply involved process that takes into…
Estate Plan
Many people assume that estate planning is only for the wealthy. So, it must come as a shock to the families of all the…
Retirement Planning
For most Canadians, retirement is a major financial goal that requires considerable financial commitment. Whether you…
If you are just starting out, it’s easy to…
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