Ontario’s new probate process for small estates is easier

The Ontario government’s simplified probate process for estates valued at $150,000 or less will make administering small estates less costly and easier for estate trustees (as executors are known in Ontario), estate practitioners say.

Probate, known as estate administration tax in Ontario, is the process whereby a court validates a will and confirms the executor’s authority to administer the estate. While not all wills need to be probated, banks and other financial institutions generally don’t release money held in the deceased’s accounts until the executor obtains probate.
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New surveys highlight discrepancies in retirement readiness

About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments.

Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will provide them with enough money for retirement, while 57 per cent of those who are still working said they expect to continue doing so in retirement. More than half (57 per cent of working Canadians and 51 per cent of retirees) said they’re either very or somewhat concerned about market volatility when it comes to their retirement savings.
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Planning for your children's future

In today's hectic world, planning plays an important role in the way we live our lives. From major decisions to relatively minor issues, planning is what makes our lives run smoothly. We often put off tackling the chore of making the most important choices: Planning for our future and the futures of our children.
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Presenting the MoneyGuide Deposit Tracker, Statement and Interest Income Planner

Our rollout of our all-new MoneyGuide Deposit Tracker statement is underway, providing clients with a clearer understanding of where your investments are heading, and much more.

Many of our clients have received the new account statements within the last few months, and we're proud of the glowing comments on the new layout we've received that talk to its readability, charts with illustrative graphs, and product segmentation. The laddering profile detailing the Maturities by Year helped with future cash flow requirements with liquidity and access to principal amounts.

You can check out these features and benefits in more detail on our website.
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