This year marked a special anniversary as the first of Canada's baby boomers, born in 1947 (as opposed to 1946 in the U.S.), turned 60.
As a group, this massive demographic has generally fared far better than their parent's generation financially. To be sure, some of them will be dependent upon government benefits at retirement, but many are wealthy.
At this time of year, as many Canadians turn their attention to gift giving, a growing number of these leading-edge boomers will consider leaving a legacy with their estate.
If you wish to gift a portion of your wealth now or at your passing, it will behoove you to seek the tax benefits of doing so coupled with ... more