Wealth and Financial Planning Archives

Muskoka cottage dock with canoe and people discussing tax planning

Strategies to mitigate capital gains tax liabilities on the family cottage

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

In our earlier blogs on developing a plan for the family cottage and the many legal considerations around cottage succession, we explored the emotional and financial sides of managing everyone’s favourite summertime (and in some cases four-season) family asset. But what about tax strategy? Simply put, the capital gains tax implications of owning a second property …

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financial advisor discussing estate planning with a client

Less-discussed aspects of estate planning: Longevity, a living legacy and your team

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Typical estate planning discussions revolve around core elements such as trusts, beneficiary designations, tax planning and wills—and for good reason. These are all critical considerations. However, there are other estate planning pillars that typically gain less attention, but can be just as important in helping you achieve overall financial wellness and security. As we noted …

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Financial planning for your post-career transition (not retirement)

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

We’re conditioned to think about our lives (not to mention financial planning) in stages. Our adolescent and early adult years are spent attending school and then maybe pursuing a post-secondary education. Between our twenties and forties, it’s often about building a career, a business or a family—maybe all three. Then it’s time for retirement and …

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Building an estate plan that minimizes risk for your family

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

In our first installment in this mini-series, we looked at why developing an estate plan is a critical aspect of financial planning that shouldn’t be delayed. But that’s only the start of the discussion, particularly for professionals, business owners and high net-worth families, whose wealth and strategic tax planning needs are often far more complex. …

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Couple discussing estate planning and watching a sunset

Why estate planning matters

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

You’ve heard countless times from the Bridgewell team that one of the main drivers of wellness is strategic financial planning. Think of a comprehensive plan as a blueprint designed to bridge any gaps in your finances, one that helps you achieve your lifestyle goals. Part of that process involves preparing for the inevitable with detailed …

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Recession coming? Stay calm and hold to your financial planning strategy

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

An economic downturn could be looming in early 2023, inflation is running high and headlines are filled with doom and gloom. That’s exactly why it’s important stay calm and remember the power of long-term financial planning. Your financial wellness depends on it. Here’s why: With markets under pressure and interest rates surging, it’s natural to …

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business people thinking about corporate financial planning opportunities

Overlooked financial planning opportunities—Corporate finance edition

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Founding, managing and growing a business—as so many entrepreneurs will advise—is not for the faint-hearted. It’s a thrilling, time-consuming labour of love that requires a business owner to wear many hats in order to steer their organization toward success. The same is true if they’re an incorporated professional, where the need to build and service …

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family on a beach discussing personal financial planning

Overlooked financial planning opportunities: Personal finance edition

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Achieving personal financial wellness is a journey rather than a destination. The process evolves over time with your changing circumstances—the start of a new business, the arrival of children, the sale of a business or a change of industry, as just a few examples—and requires constant reassessment. The financial planning strategy you employ today could …

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Support the Bridgewell team as we fundraise for the Sunrise Challenge

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

One of our core values at Bridgewell Financial is to give back to the community, as often an in as many varied ways as we can. That explains why we support a range of causes each year. One of our favourites is the Centre for Addiction and Mental Health—an organization dedicated to helping Canadians address …

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Business succession takeaways from the Bridgewell Sessions Vol. 2

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Building a business with the goal of eventually selling to an external buyer, or transitioning it to the next generation, means doing what it takes to remove yourself from its daily operation and taking strategic steps to enhance the company’s value. In other words, it pays to make yourself obsolete as a business owner/operator when …

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