Penni Johnston Wealth Advisory

Helping your child buy their first home? The right strategy matters.

From FHSA, RRSP, and TFSA options to more advanced approaches like using a trust, there are ways to support their purchase while maintaining control and protecting long-term interests.

A trust allows you to hold legal ownership while your child benefits from the property, giving you control over how and when it’s used or transferred—though it comes with added tax and legal complexity.

A thoughtful plan can make all the difference. Let’s talk about what’s right for your family.

Read the full guide here: https://bit.ly/3RB4XCJ
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Follow this series every Tuesday for more insights on wealth coordination.

Do you actually have a financial plan, or do you just have a collection of investments?

Maximizing your RRSPs and TFSAs is great, but a portfolio alone is not a plan. Without a coordinated strategy, scattered accounts leave you vulnerable to hidden tax traps, market volatility, and unnecessary OAS clawbacks.

In our latest video, I break down The Connected Family Wealth Framework™—a strategy designed to sync your investments, tax planning, and estate plan into one cohesive unit.

Watch the full video here: https://youtu.be/IDatjU1INYw

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Your Portfolio Is NOT a Financial Plan (And How to Fix It) Maximizing your RRSPs and TFSAs is great, but a portfolio of invest...

Entering a new relationship? Time to review your estate plan.

Don't assume your assets automatically pass to a new partner. Without a valid Will, provincial laws dictate asset distribution—and marriage can even revoke a prior Will entirely.

Protect your next chapter by updating your:

- Will & asset ownership
- Beneficiary designations
- Powers of Attorney (POAs)

Reach out today to ensure your wishes are protected.
Read the full article here: https://bit.ly/4ej9HpF
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Follow this series every Thursday for more insights on wealth coordination.

Estate planning for a blended family requires a clear roadmap to protect everyone's future.

- Mutual Wills: Can ensure your original intentions remain intact and help prevent future changes to your agreed plan.

- Testamentary Trusts: May allow you to provide for your spouse during their lifetime while preserving capital for your children.

Every family is unique, and your wealth plan should be too. Reach out to discuss your specific needs today.

Read the full article here: https://bit.ly/4deUW6K
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Follow this series every Thursday for more insights on wealth coordination.

Lending your child the funds for a down payment instead of gifting them outright is a great way to help while keeping your money legally protected.

- Preserving Control: Formalizing the loan protects the funds from your child's potential relationship breakdowns or creditor issues, keeping the capital secure.

- Estate Equalization: If you pass away before the loan is repaid, the balance stays in your estate. This makes it easy to balance the inheritance fairly with your other children.

Loaning money to family requires the right legal setup to avoid tax or estate headaches. Let's connect directly to find a structure that works for everyone.

Read the full guide here: https://bit.ly/3RB4XCJ
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Follow this series every Tuesday for more insights on wealth coordination.

Planning for a blended family is deeply personal. It’s about protecting everyone you love and clearly outlining your intentions for the future.

- Alter Ego & Joint Partner Trusts: If you are 65+, these allow you to transfer assets without immediate tax, deferring capital gains while ensuring you retain access to the income during your lifetime.

- Marriage Contracts: These agreements outline property division and clarify exactly which assets will be protected for your respective children from prior relationships.

Read the full article here: https://bit.ly/4deUW6K
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Follow this series every Thursday for more insights on wealth coordination.