Estate Planning

What happens to your RRPS and TSFA after you die? How to write a will and should you use an online will maker software for that? How Testamentary Trusts work? What is the Tax Free Spousal Rollover? Learn how to plan your estate and prepare for the future on Million Dollar Journey, one of Canada’s oldest and most detailed Personal Finance blogs.

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Willful Review 2021

By Jordan April 19, 2021

You might think a will is something that rich people do in movies to pass on their “assets” (hockey card collections?) to their soon-to-be-rich heirs.…

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Insurance and Wills for Canadian Expats

By Kyle Prevost February 27, 2021

When I talked to several non-resident tax and investment specialists during my Covid quarantine-induced expat research frenzy, the topic that kept coming up as “the…

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Eirene Cremations Review

By Kornel December 2, 2020

Death is not a topic people like to typically discuss (for obvious reasons). However, death (and the  is a reality for everyone and should be…

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Canadian Legal Wills Review: Canada’s Best Online Will Kit

By Kyle Prevost June 14, 2020

When I was asked if I wanted to write a Canadian Legal Wills review in exchange for a free trial of Canada’s best online will kit, I have to admit that I was embarrassed.

You see… until yesterday I didn’t have a will.

I know… statistics show that roughly half of Canadian adults don’t have a will, and only a third or so have one that is up to date.

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What Happens to your RRSP and TFSA after you Die?

By FT April 29, 2019

Last week, I wrote about the most efficient way to withdraw from your accounts during retirement.  Within the article, I mentioned that while the general…

Letter to My Wife – How our Finances Work

By FT September 27, 2015

Its not uncommon for families to have a designated money person.  Some families may have one spouse who takes care of the bills, while the other…

Estate Planning for a Family Business using the Tax Free Spousal Rollover

By FT April 22, 2014

One topic that I’ve been thinking more about lately is estate planning.  It’s a pretty morbid topic and most would rather avoid the topic altogether.…

How Testamentary Trusts Work

By FT March 5, 2012

A little while ago, I was invited to a local CIBC event that featured a presentation by Jamie Golombek.  For those of you who haven’t…

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