Worried your kids will blow through your money? Here are five ways to protect your assets.   Over the next several decades, it’s estimated that Baby Boomers will pass down $30 trillion in assets to future generations. If you shudder to think what your beloved kids may do with the money you worked so hard to build, you’re not alone. Research shows that inheritances dwindle significantly in the first few years of someone receiving one, with...

Handing over your company to your kids may sound like a good idea, but in many cases it’s not. Here’s why you may want to consider another option.   After decades of sweat and stress, many business owners would love to pass the family business on to loved ones. But having a spouse or kids take over shouldn’t always be part of the succession plan, says Michael Louie, a partner with D&H Group, a Vancouver-based accounting firm. When one...

Finances can be tough to talk about, but keeping your money issues a secret can be bad for your health.   Growing up, Sanna Guerin learned one thing about money from her family: It causes stress. “My mom spent, and my dad complained about the spending. They didn’t talk about money at all. All I remember is them fighting about it,” says Guerin,‎ now a program officer at the Office of the Secretary to the Governor General in Ottawa. Guerin’s...

Here’s what $470,661, the average home price today, can get you across the country. There’s no question that Canadian housing prices are hot – the average price of a detached home has climbed 33.5 percent since September 2011. Yet not all markets are created equal. In some locales, you can get a lot more house for your buck. Curious to see how big, or how small, a place you can get in different cities? We took the national average price of...

Many entrepreneurs are so focused on their business that they don’t invest outside of their company. But they should. When Brendan Charters started renovation and home building company Eurodale Developments in 2003, he made a promise to himself: he wouldn’t plow all of his assets into his business. Many owners have a lot of their wealth tied up in their companies, but he didn’t want to be exposed to a single sector and company. “The old adage...