A pledged asset line (PAL) is a revolving line of credit secured by an investor's non-registered investment portfolio. The product trades under multiple names in Canada: securities-backed line of credit, securities-based loan (SBL), investment line of credit, or wealth management line of credit. Major Canadian providers include BMO Nesbitt Burns, RBC Wealth Management, TD Wealth,…
Family wealth protection in Canada uses wills, powers of attorney, beneficiary designations, insurance, and trust structures to preserve household wealth across generations. Canada has no federal estate tax but applies deemed disposition at death plus provincial probate fees. Key Canadian-specific tools include the Lifetime Capital Gains Exemption ($1.25M), spousal rollover, estate freezes, and family trusts…
A financial inventory is a comprehensive snapshot of household assets, liabilities, income, and expenses at a specific point in time. A complete inventory captures bank accounts, investment accounts (TFSA, RRSP, FHSA, RESP, non-registered), real estate, vehicles, valuables, mortgages, credit cards, lines of credit, student loans, and recurring income and expenses. The inventory produces a single…
We've added a new geographic allocation widget on the Holdings page. You can toggle between Chart and Bar view for the Categories and Portfolios as well.
You can update geographic allocation manually by clicking on the position, and searching for the new geographic allocation you want to assign to.
Hey Wealthica users!
What's been shipped!
Over the past few weeks, our dedicated team has been working diligently to resolve critical connectivity issues affecting RBC Online Banking and Direct Investing . Thanks to their efforts, the necessary fixes and updates have been successfully deployed, addressing the challenges that impacted many users.
f you're…