How Banks Can Combat Generative AI-Enabled Fraud and Deepfakes

Generative AI (GenAI) is revolutionizing industries by creating highly realistic content, including images, text, and even synthetic data. As these technologies advance, however, they are also becoming tools for malicious actors who use them to perpetrate sophisticated financial frauds. Criminals can now exploit GenAI to generate hyper-realistic deepfakes, falsify documents, and create synthetic media, leading […]

Estate Planning for the Digital Age

In today’s digital world, estate planning goes beyond just drafting a will. While you might focus on traditional documents like a will when meeting with your estate planning attorney, it’s equally crucial to ensure that your digital accounts are properly managed after you’re gone. Sharing your digital account information with your executor is an important […]

U.S. Economic Growth: Positive Signs with Challenges Ahead

The U.S. economy has shown promising growth, but the road to sustained recovery remains uncertain. According to the Bureau of Economic Analysis (BEA), the U.S. GDP grew by 4.9% in the third quarter of 2023, a sharp rise from the 2.1% growth in the second quarter. As a result, I’ve revised my 2023 GDP growth […]

Why a Home Inspection is Essential Before Buying Your New Home

Purchasing a home is a significant commitment, and it’s natural to feel uncertain about the condition of a property, especially if it’s your first time buying. It can be challenging to assess if a price is fair and if the house is in good shape. Even experienced homeowners might struggle with spotting underlying issues, such […]

Effective Strategies to Minimize Long-Term Capital Gains Tax

When you review your wealth plan with your financial advisor and tax professional, it’s important to discuss strategies that could help you avoid paying long-term capital gains taxes. By taking proactive steps, you can potentially reduce your tax liability and maximize your investment growth. Here are some strategies to consider. Offset Gains with Losses One […]

Non-Registered Accounts in Canada: A Flexible Investment Option

Non-registered accounts offer Canadians a flexible and convenient way to grow their wealth, allowing them to invest and withdraw money at their discretion. These accounts are a versatile tool for those who want more freedom with their investments. Here’s a closer look at how non-registered accounts work and the benefits they offer. What is a […]

5 Key Year-End Strategies to Boost Savings and Lower Your Taxes

As the year draws to a close, it’s a great time to meet with your wealth advisor and review strategies that can help maximize your savings while minimizing your taxable income. By making strategic moves before December 31, you can set yourself up for a strong financial future and start planning your goals for the […]

Owning a Home vs. Renting: A Cost Breakdown

When you’re deciding between renting and buying a home, it’s essential to understand the costs involved with each option. Both choices have their advantages and drawbacks, and the decision ultimately depends on your financial situation and long-term goals. While homeownership offers the opportunity to build equity and wealth, renting provides flexibility and fewer financial responsibilities […]