Act now to protect assets from business creditors
As a small business owner, it's easy to put off thinking about the risk of creditor claims on personal assets when your business is new or healthy. The irony is that once your business begins to have trouble, it may be too late to act.
The consequences can be severe. Did you know that sole proprietors are personally liable for all debts and liabilities incurred in operating a business? And that...
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Understanding the Risk/Reward Trade-off
Getting a handle on the relationship between risk and reward is one of the biggest challenges for the average investor. Yet it is one of the most important concepts of successful investing. As investors, we are inundated with information about the next "hot" investment idea. We hear about individuals who scored big on an investment (though we don't seem to hear about their big losses). We read ...
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Turning 71 in 2010?
If you were born in 1939, you need to make decisions about your RRSPs before the end of the year. But don't wait till the last moment. Some decisions are irreversible so you'll want to take time to weigh your options with the counsel of our team. You have three options for your RRSPs: cash, annuity and RRIF (locked-in plans holding pension funds have slightly different options). As cash would b...
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This Report is written by Investment Planning Counsel, a fully integrated Wealth Management Company. Mutual funds available through IPC Investment Corporation and IPC Securities Corporation. Securities available through IPC Securities Corporation, a member of CIPF. Insurance products available through IPC Estate Services Inc. Mortgage broker services provided by IPC Save Inc. (ON Lic. #10227).