A Wealth Transfer Is Coming… Will You Be Ready?
It’s no secret: Canadian women are making major money moves. By 2028, women are projected to control a staggering $4 trillion in assets. This is more than a headline… it’s a wake-up call for women across the country to step into financial leadership and build multi-generational wealth for themselves and their families.
Why Is This Wealth Transfer Happening?
This shift is happening for a few powerful reasons:
Intergenerational Inheritance: As baby boomers age, we’re witnessing one of the largest transfers of wealth in history. Women, often as spouses, daughters, or granddaughters, are set to inherit significant assets, from real estate to investment portfolios.
Divorce Settlements: More women are advocating for equitable settlements, leading to greater financial independence after divorce. Women are negotiating for their fair share and walking away with assets that can be grown and protected.
Entrepreneurship and Business Ownership: Women-owned businesses are thriving across Canada. As more women become entrepreneurs, they’re building wealth not just for themselves, but for their communities and future generations.
Rising Earnings: More women are breaking through salary ceilings in high-earning professions, especially in urban centres like Toronto, Vancouver, and Calgary. Higher salaries and larger bonuses mean more opportunities to invest and grow wealth.
What Does This Mean for Canadian Women?
This wealth shift is about more than numbers. It’s about power, security, and legacy. For many women, it’s an opportunity to:
Take control of family finances
Build a safety net for children and loved ones
Support causes that matter
Break cycles of financial anxiety and create new narratives of abundance
But with opportunity comes responsibility. The choices you make today will shape your financial legacy for years to come.
Three Practical Steps to Prepare for the Wealth Transfer
Ready to make your own money moves? Here’s how to get started:
1. Build Financial Confidence… Start Where You Are
Whether you’re new to investing or already managing a portfolio, confidence is everything. Here’s how to build yours:
Track Your Money: Know exactly where your money is going each month. Use tools like the My Wealth Builder planner to set clear goals, log spending, and celebrate financial wins… big or small.
Invest in Your Education: Take time to learn the basics: stocks, bonds, managed funds, and real estate. There’s no shame in asking questions. Everyone starts somewhere.
Understand Inheritance and Taxes: If you’re expecting to inherit assets, talk to a financial advisor about the tax implications and strategies to protect your wealth. A little planning can save you thousands and give you peace of mind.
2. Surround Yourself with the Right Support
The financial world can seem overwhelming, but you don’t have to do it alone. Seek out advisors and mentors who:
Get Women’s Unique Journeys: Look for professionals who understand the realities of juggling careers, caregiving, and long-term planning.
Offer Holistic Advice: True wealth isn’t just about investments. Make sure your plan includes insurance, estate planning, debt repayment, and even charitable giving.
Empower, Don’t Intimidate: The right advisor will make you feel heard, respected, and confident. If you ever feel dismissed or talked down to, keep looking. Your financial future deserves better.
3. Take Action… No Move Is Too Small
Start Investing Early: Even small, consistent contributions can grow into significant wealth over time.
Review and Update Your Plan: Life changes, so should your financial plan. Schedule annual reviews to stay on track.
Talk About Money: Start conversations with family, friends, and peers. Normalizing money talk breaks down barriers and opens doors.
The Bottom Line: Your Wealth, Your Legacy
Ladies, the next few years will bring unprecedented opportunities to shape your financial future. The $4 trillion wealth transfer is happening, with or without you. The real question is: how will you show up for yourself and your legacy?
Start by building your financial knowledge, investing in yourself, and connecting with professionals who understand your journey. You don’t have to be perfect. You just have to start.
💫 Ready to make your own money moves? Let’s build something extraordinary together.
Want more tips on building wealth and financial confidence? Follow Laideen & Co. Financial Group Ltd. on Instagram for daily inspiration, or book a free consultation to get started!
