News - WMS Financial

Critical Illness Insurance Explained

by Financial Tech Tools | Nov 3, 2025 | Blog, critical illness insurance, insurance

A critical illness can happen when you least expect it — and employer benefits may not be enough. Learn how Critical Illness Insurance protects your finances when you need it most.

How Business Owners Can Use Charitable Giving in Estate Planning

by Financial Tech Tools | Oct 1, 2025 | Blog, Business Owners, Charitable Gifting, Estate Planning

For business owners, charitable giving is more than generosity — it’s a powerful estate planning tool. Learn how to support causes you care about, reduce taxes, and leave a lasting legacy.

What You Need to Know About RRIFs

by Financial Tech Tools | Sep 3, 2025 | 2025, Blog, investment, pension plan, retirees, Retirement

RRIFs come with required annual withdrawals that increase over time. Learn how much you must take out, how it’s taxed, and how to make the most of your retirement income.

Supporting Your Aging Parents Without Sacrificing Your Own Stability

by Financial Tech Tools | Aug 4, 2025 | Blog, Estate Planning, retirees, Retirement

As your parents age, stepping in to help can feel overwhelming. This guide walks you through how to talk about money, gather important documents, secure legal authority, and create a flexible support plan. Learn how to manage caregiving without compromising your own financial well-being.

OAS Clawback 2025: What Retirees Need to Know About the Recovery Tax

by Financial Tech Tools | Jul 4, 2025 | 2025, Blog, investment, pension plan, retirees, Retirement

The OAS recovery tax in 2025 is based on Line 23400 income and can quietly claw back your benefit. Learn how the clawback works, how much you could receive, and what strategies can help reduce or avoid it—like pension splitting, using a TFSA, managing RRIF withdrawals, and tax-efficient investing.