Personal · Life events
The moments that change the financial picture
Most financial decisions are triggered by something happening in life. Here is what usually needs attention when it does.
Common transitions
Marriage or a new partnership
Combining accounts, updating beneficiaries, and agreeing on how joint and separate money will work.
A new child
Coverage review, an RESP, an updated will and a realistic cash flow plan around leave.
Buying a home
Down payment strategy including the FHSA, mortgage protection options and coordination with your lender.
Career change or a raise
Group benefit gaps, changes to registered contribution room, and what to do with a lump sum.
Illness or disability
Reviewing what your coverage actually pays, claim support, and adjusting the plan.
Separation or divorce
Splitting registered assets, revisiting beneficiaries and rebuilding a single-income plan.
An inheritance
Tax treatment, where to hold the money, and whether it changes your retirement date.
Retirement
Converting savings into income and setting a sustainable withdrawal plan.
Something changing this year?
Talk it through with an advisor before the decisions get made for you.