From our advisors
Practical thinking on financial security planning — written by the advisors who do the work.
So, you’ve poured your heart, soul, and probably a good chunk of your savings into building your business. Now, what happens if one of the owners unexpectedly leaves, becomes disabled, or, well, passes away? That’s where a buy-sell agreement comes in, and it’s basically your business’s roadmap for keeping ownership stable and in the right […]
Navigating insurance can feel like trying to decipher a secret code, can’t it? You want to make sure you’re protected without paying for things you’ll likely never use. So, what insurance is truly essential, and what can you probably skip? The short answer is that “essential” insurance is highly personal and depends on your individual […]
Deciding whether to incorporate your professional practice is a big step, and it’s one many Alberta professionals wrestle with. The short answer? Setting up a professional corporation can be a smart move for many, offering significant benefits in terms of tax efficiency, financial flexibility, and professional credibility. However, it’s not a one-size-fits-all solution. Your individual […]
So, what’s the magic number for retirement? It’s a question that pops up a lot, and honestly, there’s no single, easy answer. If you’re looking for a headline figure, industry surveys consistently find that Canadians believe they need somewhere in the neighbourhood of $1.5 million to retire comfortably – and that perceived number has been […]
You’re probably wondering if your business could survive if a crucial person – the one who makes things happen – suddenly wasn’t around. Key-person insurance is essentially a financial safety net designed for exactly that scenario, helping to keep your business afloat during a crisis. What Exactly is Key-Person Insurance? Think of your business like […]
So, you’ve got the basics of budgeting down – you know where your money’s generally going, and you’re probably tucking a bit away each month. That’s a solid start, no doubt. But what if you’re looking to really master your wealth, to move beyond just staying afloat and actually build something substantial? This isn’t about […]
When it comes to financial planning for physicians, it’s not just about managing your personal wealth; it’s crucially about safeguarding the practice you’ve dedicated so much to build. The core idea is to protect your assets, both professional and personal, from the unique risks that come with practicing medicine. This includes everything from potential malpractice […]
Estate planning isn’t just about who gets your house or your bank account. It’s about setting things up so your loved ones are taken care of, your wishes are respected, and your legacy, in its broadest sense, continues as you intend. Think of it as a comprehensive plan for everything you’re leaving behind – not […]
Okay, let’s talk about something important, something many business owners put off for way too long: succession planning. You’re probably thinking, “Yeah, yeah, I’ll get to it.” But the truth is, that conversation needs to happen sooner rather than later, and it’s not as daunting as you might imagine. In fact, it’s probably one of […]
It’s understandable to feel a bit wobbly when it comes to finances, especially here in Alberta these days. A lot of us are feeling what some are calling “financial whiplash” – that feeling of being tossed around by unpredictable global events that mess with our best-laid plans. In fact, MNP’s ongoing consumer debt research has […]