While today’s economic environment—shaped by tariffs and policy decisions—may feel different from past market corrections, each downturn has its own cause. We saw the tech bubble in 2000, the housing crisis in 2008, and the COVID-19 pandemic in 2020. Despite their differences, the emotions they bring—uncertainty and concern for our families—are always the same. No matter what’s going on in the markets you need to be able to plan for your life events.

 

According to the latest Statistics Canada census, one in five households in The Town of The Blue Mountains includes children.¹ As a local parent of a toddler, I know how wonderful our community is for raising kids—and how important it is to help secure their future, regardless of what’s happening in the economy.

 

Smart financial planning starts with the basics. A Registered Education Savings Plan (RESP) is  one way to save for your child’s education.

 

Beyond education, trust funds and permanent insurance create the opportunity for  tax efficient wealth. These tools can assist in providing long-term financial security for your children and even grandchildren.

 

It’s also crucial to protect your family’s current lifestyle. Term life insurance and disability coverage can offer  safeguards, assisting your loved ones with  maintaining their standard of living if something unexpected happens.

 

Whatever the economic climate, planning ahead gives you confidence and control. As a fellow parent, I’m passionate about helping Blue Mountains families navigate these decisions and build lasting security.

 

To learn more about how to build a foundation for your family join us on June 5^th at 5:30pm at the Collingwood library for an educational seminar and meal. 

 

Fraser Willson, CFP®, CIM® | Senior Wealth Advisor | CIBC Wood Gundy | Collingwood | Fraser.Willson@cibc.com | (647) 588-4344

 

CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license. “Wood Gundy” is a registered trademark of CIBC World Markets Inc. Fraser is an Investment Advisor with CIBC Wood Gundy in Collingwood. The views of Fraser do not necessarily reflect those of CIBC World Markets Inc. Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors. If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor. This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. ¹ Census Profile, 2021 Census of Population – Statistics Canada