Unlocking the Wealth Shift: What It Means for Women in Canada

Viner & Selig Wealth Management |

This wealth shift isn't just about swapping assets; it's about passing on responsibility, influence, and the power to shape futures. In fact, an estimated $1 trillion is expected to change hands over the next two decades, making it one of the most significant wealth transfers in Canadian history.

Women and the Great Wealth Transfer

Historically, women were marginalized in financial matters. But now? They're stepping up. With more women becoming breadwinners, business owners, and inheritors, they are shaking up old ideas about managing wealth. They are calling the shots and exerting more influence over investment strategies, charitable giving, and planning for future generations.

This shift has all sorts of ripple effects in women's lives. It's a chance for them to rewrite their financial stories. 

And female financial advisors? We are guides on this journey, offering support, know-how, and personalized plans to help women navigate their financial paths.

But this wealth transfer isn't just about individual bank accounts. It's about changing society too. As women inherit wealth, they are becoming drivers of social change. They are backing causes they care about – from environmental issues to education and beyond.

Of course, it's not all smooth sailing. There are still hurdles to clear. Laws, distribution disparities, and access to financial services can hold women back from making the most of their inheritance. In addition, old-school expectations and stereotypes can keep women from taking the lead in managing wealth.

Proactive Financial Planning is Key

At Viner & Selig Wealth Management, we give women the tools they need to take control of their financial futures. It's about pushing for fairer policies, spreading financial smarts, and making sure women have a seat at the table in finance.

In the end, the wealth shift in Canada is a huge moment – especially for women. They have a chance to carve out their own financial paths, make a real difference in the world, and leave a legacy that lasts for generations. 

If you find yourself in this situation, reach out and let's make sure this wealth transfer works for you.

 

This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Viner Selig Wealth Management is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Advisor.