You know you should do it, but it’s a tough reality to face. Estate planning is a process that many people put off, and you’re certainly not alone if you have yet to begin. Just over half of Canadians (51 per cent) do not have a will, and a further 15 per cent have a will that is not up to date. Those are surprising numbers when you consider just how much is at stake.

Just like a will, a power of attorney allows someone else to carry out your wishes when you’re unable to do so. And, just like a will, it’s an important part of a comprehensive financial and estate plan. Yet powers of attorney are often less well understood than wills, so it’s worth looking more closely at how they work.

Most Canadians are familiar with the tax advantages of using registered savings plans to save for retirement. Contributions to Registered Retirement Savings Plans (RRSPs) are tax-deductible, and any growth or income earned on the underlying investments inside an RRSP or Registered Retirement Income Fund (RRIF) is not taxed until withdrawn. But what happens when an RRSP or RRIF owner passes away? To help provide some clarity, we’ve compiled a list of answers to some frequently asked questions.

We are at the beginning stages of the fourth industrial revolution, dubbed Industry 4.0. As the world dramatically changes under the influence of automation, cloud computing and artificial intelligence, employment is also experiencing a big shift. What jobs might the next-generation workforce have?

You’re the boss of your debt – not the other way around. If you’re like the one in three Canadians who say their debt is keeping them up at night, see how these four steps can help you take back control and reduce the negative effects of debt.

It’s Spring! Students are wrapping up their last semester and thinking of heading out with their friends to explore the world and many of us are planning our summer vacations. Here’s how travel insurance can make the difference between a great and a not-so-great holiday.