Terry Willis has almost 20 years’ experience in financial services, with particular expertise in working with professional athletes. He understands that the earnings potential of most athletes is often short-lived, and helps young athletes put financial plans in place from their earliest money-earning playing days. Terry provides these players with ongoing financial counsel right through their sports careers and into post-retirement careers.
It goes without saying that the last couple of months have been a time of great uncertainty. At times, it has seemed overwhelming. So many things that we take for granted have been taken away from us. On top of that, in the span of three weeks, equity markets around the world plummeted by 35%. […]
Well, this makes me sad. I like my French fries (when asked at a restaurant if I want fries or salad with my meal, I don’t think I’ve ever said salad!), and with many restaurants closed or just allowing for pick-up/drive through, Canadian farmers have been forced to freeze nearly 200 million pounds of potatoes that were […]
Hope everyone is well and keeping safe. There’s still a lot going on in Canada – and the world. The price of oil dropping to basement levels, the tragedy in Nova Scotia, our neighbours to the south protesting to open up the economy, the U.S. Senate passing a US$484-billion relief package for small business, hospitals […]
With our day-to-day activities being so restricted as of late, it feels as though there’s little more we can do to contribute to the well being of society other than stay at home and keep washing our hands. It’s human nature to want to help others in a more tangible way, and doing so is […]
Terry Willis, Vice President & Financial Consultant, T.E. Wealth Normally around this time a year, the CRA phone scam starts up. A typical scenario has a taxpayer receiving an aggressive call from a fraudster, demanding credit card or other personal information to pay taxes owing. If the taxpayer doesn’t agree to the request, they’re told […]
Back when I was a young buck working for the bank it was very satisfying to be able to approve a mortgage for a client’s home purchase, and honestly, almost all of the mortgages were approved. For many of us, buying a house is one of the biggest and most life-changing purchases we will ever […]
My wife and I were watching a comedian on television the other night who was doing a bit on people who are always late. He commented on how they like to rebrand themselves as “fashionably late,” and almost always look better than everyone else. While being late may elicit little more than an offhand remark […]
You’ll spend years accumulating that RESP nest egg for your darling little Einstein. Because as a parent, you want your child to have the same – if not better – opportunities that you had. But sorting out the different options and regulations around RESPs can be overwhelming. Here’s a quick lesson on some key things […]
Every retiring business owner holds one universal preference – upon retirement, they insist on leaving the CRA no more money than they have to. With that in mind, here are some guidelines on how to minimize tax on either the sale or generational transfer of a Canadian small business. 1) Utilize Your Lifetime Capital Gains […]
It’s a well-known fact – people are living longer. Despite all the talk about cancer, obesity, heart failure and eating bacon, science and medical advancements have increased life expectancy in the developed world drastically over the past two decades. Unfortunately, this can also be viewed as a double-edged sword. Living longer costs more and the […]
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