Many accountants are aware of the Individual Pension Plan (IPP).  However, at Spiegel we are aware of the Personal Pension Plan (PPP), the evolution of the Individual Pension Plan (IPP), offering enhanced benefits of an IPP.  It is a Canadian tax-savings solution for business owners, incorporated professionals and those retiring with a...

Many client-advisor relationships are focused almost exclusively on amassing wealth. Certainly it is important to preserve and grow your wealth in order to afford your preferred lifestyle and save for the future. Then, once the future has arrived, it's time to be more focused on maintaining that preferred lifestyle in retirement.

This article will be brief, albeit cover an important topic about understanding the changes in 2017 surrounding the reporting and transparency of performance and costs of wealth management advice. Phase 2 of the Client Relationship Model (CRM2) has been a move in the right direction of transparency for Canadians.

More and more Canadians who understand the true financial costs of major disease are turning to Critical Illness Insurance to gain peace-of-mind and protect their savings. Critical Illness Insurance (CII) provides a tax-free lump sum payment to the beneficiary who has contracted or suffers from a major disease.

The question of reducing debt or contributing to savings will continue to be debated for as long as people plan to retire in Canada. Of course opting for both: reducing debt & increasing savings is the ideal. As for which is better, however, really depends on the individuals involved, their goals and feelings and their unique financial situations.

The creation and subsequent, and in some cases ongoing, generational transition of family business legacy is possible for some business families. But for it to be successful even to one generation, and certainly in the case of multiple generations, generational business transition requires...

Appropriate planning to transition the family cottage is important to ensure your future generations are able to continue to enjoy it. When transitioning second properties to loved ones, whether voluntarily or via an estate, for tax purposes there is a deemed disposition of the property at fair market value. The disposition results in income...