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Good morning. In todays edition: How to legally ensure your inheritance skips a daughter-in-law, why quitting a steady job to drive Uber full-time rarely pays off (especially with a baby on the way), and what Canada's quiet millionaire exodus means for everyday Canadians.
■ Retirement
I want my $2.5M estate to pass only to my son — not his wife. How can I legally ensure the inheritance stays solely with him?
When you're preparing a will, family dynamics can make things complicated — especially when in-laws are involved.
Take Joan, a 73-year-old widow with a $2.5-million estate. She wants to leave everything to her son, but nothing to her daughter-in-law — even if her son dies first. It's more common than you'd think: studies show up to 60% of women report more conflict with their mothers-in-law than their own mothers.
A simple will won't cut it here. We break down the trust options — from testamentary to discretionary — that can legally protect your legacy from divorce, remarriage, or family friction.
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■ News
Father with baby on the way wants to ditch a steady salary to finance a new car and drive Uber — Ramsey hosts beg the couple to rethink
A Philadelphia dad with a toddler and baby on the way wants to quit his steady $1,800/week salary to drive Uber full-time — after a coworker told him he could make $2,000 or more per week.
There's just one catch: he'd need to finance a new car under his wife's credit to make it happen, adding to their existing US$40,000 debt. Gig work might seem like easy money and flexible hours, but Ramsey Show hosts urged the couple to pump the brakes — breaking down the hidden costs that most people don't see coming until it's too late.
■ News
Canada’s wealth is quietly leaving — and everyday Canadians will pay the price
Every year, thousands of the world's wealthiest pack up and move across borders — and Canada is starting to feel it.
According to the Henley Private Wealth Migration Report 2025, an estimated 128,000 millionaires are expected to relocate globally this year, a record high. While countries like the UAE, Singapore, and Australia are rolling out the welcome mat, Canada has quietly slipped out of the top 10 destinations for high-net-worth individuals.
It might seem like a problem only for the wealthy — but when millionaires leave, they take capital, jobs, and tax revenue with them. Here's what that means for everyday Canadians.
■ More Money.ca
Investing: A global surge in crypto millionaires is redrawing the wealth map as older investors are watching their strategies age out
Managing Money: Your pay isn’t keeping up with life — the income lessons Canadians can’t afford to ignore
Retirement: Stop guessing: The mortgage-vs-RRSP choice that could make or break your retirement
Alternative Investing: A dormant Utah mine reopens as demand heats up for copper — what does this mean for Canadian investors?