From the Retirement savings years to the Retirement spending years

For most of our working life, we have been conditioned from the start in thinking about retirement one day in the future and pick that date. Every January and February we are bombarded by the financial institutions and their advertising to promote us saving for our retirement through RRSPS.  These d...

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Government likely to increase taxes of incorporated business owners

On July 18th, federal Finance Minister Bill Morneau announced proposed changes to the income tax regime that, if implemented, are likely to increase the tax bill of every Canadian private corporation shareholder. Three main changes are contemplated: 1. Income sprinkling Currently, owners of private ...

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7 Steps to Successful Estate Planning

Most people don’t know what estate planning entails but many tend to shy away from the topic thinking it’s complicated or not yet relating to them. That’s where The Tower Group comes in…making an important topic easier to understand and potentially even fun to work on! What we often hear from our cl...

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Proper Planning Means Expect the Unexpected

Within all the uncertainty and turmoil in the world, we also often see crisis close to home. Confidence comes from being as prepared as possible and a proper plan enables a more robust plan for growth. Planning for negative unexpected events certainly doesn’t just mean that we have insurance in plac...

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Start talking to kids about money. Now.

Raising children in a wealthy household can create some special challenges for parents. It’s no secret that most families don’t like to talk about money, even wealthy ones. Managing money, whether we’re earning it or spending it, is a part of everyone’s life. Knowing how to use money is important pr...

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Our love affair with debt is getting risky

Have you noticed lately, when you’re really talking to friends, family or even your financial advisor, how often the topic of managing monthly expenses comes up? It seems to be that more and more people are struggling with cash flow and there just doesn’t seem to be enough to cover everything. For m...

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