Canadians are unprepared for the health costs they will incur after leaving the workforce, says Zayna Khayat, adjunct professor and executive in residence at the University of Toronto’s Rotman School of Management.

On this week’s episode of the Canadian Advisor.cast, the health futurist said a combination of health-care inflation, longevity and a failure to understand that the country’s universal health-care system is not free will leave retirees unable to pay their bills.

Even as the so-called great wealth transfer continues, advisors need to give clients a more realistic view of old age.

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Jonathan Got brought us the scoop from Ottawa as the feds unveiled their first spring economic update. Highlights include a reduction in CPP contribution rates, an extended first time home buyers’ plan grace period, and measures to simplify disability tax credit claims and make permanent a previously introduced temporary employee ownership trust exemption.

Corrient, a U.S. subsidiary of CI Financial focused on the ultra-high-net-worth market, is coming to Canada. Thanks to past acquisitions of Northwood Family Office and Coriel Capital, plus the addition of select CI Private Wealth advisors, it plans to launch with roughly $10 billion in assets in June, Alisha Hiyate writes.

Is succession planning easier when you’re transferring the business to a relative? Jonathan Got spoke with advisors with family ties to their successors to find out.

The life insurance industry continues to rely on sales-driven training rather than client understanding, writes Jeff Cait. But in an era where information asymmetry is disappearing, he argues that education-first advice is no longer optional, but essential.