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There’s a global competition for family offices. Can Canada keep up?

Countries worldwide are going out of their way to attract high-net-worth families and family offices. They are reducing taxes, easing regulations for businesses and providing investment migration incentives.

As they attempt to attract capital, innovation and jobs, as well as to strengthen financial markets, these countries are also providing lessons for Canada, experts say, who have watched as our tax and foreign ownership policies present challenges to our nation's competitiveness. 

How could we do better? It was our most popular article so far this week. 

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MEMBER CONTENT

The top five questions to ask your wealth advisor/consulting team to ensure maximum transparency and understanding potential biases

Unfortunately, failure to ask the right/better questions risks unwelcome surprises and less-than-optimal outcomes later for your wealth. For ultra-high-net-worth Canadian families and their family office advisory teams, the potential stakes are generally much higher.

Many millions of dollars are potentially at risk if investors do not offer up the right queries. Consequently, they might remain with a current wealth advisor who provides underwhelming advice, service or biases, or they risk selecting a poor match for their needs when seeking a new one after a significant liquidity event.  

This story is brought to you by Stenner Wealth Partners+.

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More this week & from our archives

Where are Canadians buying luxury homes? Four hotspots around the world

The global hunt for exclusive residential properties now extends far beyond the combative U.S., experts say

‘This is not a fad’: New alt funds are democratizing investment in private markets

‘Perpetual alts’ enhance availability and transparency, and family offices are finding them helpful in portfolio design

Four estate-planning guardrails to help wealthy families prep for cognitive decline

Don’t call it ‘death planning.’ Now it’s ‘capacity planning’ for long-lived leaders of family enterprises

Special report: Women are ‘kickin