David Ritcey, Senior Wealth Advisor, Portfolio Manager

06/17/2026

If you’re a high-income earner, you might be affected by the Alternative Minimum Tax (AMT). This article highlights what you need to know about AMT and offers tax planning considerations to help navigate its application and potential recovery.

Read more on our website.

AMT is calculated alongside your regular annual personal income tax (regular tax). It restricts certain tax deductions, exemptions, and credits allowed under the calculation of regular tax, such that you pay a minimum level of tax.

06/15/2026

Canada’s economy lost momentum at the start of 2026, according to newly released data from Statistics Canada (StatCan), with real gross domestic product (GDP) essentially flat in the first quarter and down 0.1% at an annualized pace. The figures were weaker than expected and followed a revised 1.0% annualized contraction in the final quarter of 2025.

Get up to speed—Scotia Wealth Management’s latest market news is online now.

Market review In May, global equities extended April’s rebound as resilient corporate earnings, sustained enthusiasm for AI-linked technology and semiconductor stocks and improving sentiment around Middle East de-escalation kept investors constructive. Fixed income markets were choppier but still ...

06/12/2026

As life expectancies increase, the importance of long-term wealth planning becomes even more significant. Effective wealth management extends beyond portfolio performance, encompassing financial planning, tax strategy and legacy considerations. By taking a comprehensive approach, individuals and families can better position themselves to achieve their goals while preparing for the future.

Contact our team to learn more. https://ritceywoodworth.com/

06/11/2026

Most activities in human life are driven by an underlying logic. At the academic level, decision-making is a multi-disciplinary field combining philosophy, economics, psychology, and cognitive science to understand how individuals select a course of action among alternatives.

Read more on our brand new blog.

Most activities in human life are driven by an underlying logic. At the academic level, decision-making is a multi-disciplinary field combining philosophy, economics, psychology, and cognitive science to understand how individuals select a course of action among alternatives. The world of finance is...

06/11/2026

For business owners approaching retirement, the sale of a business can trigger significant tax consequences. This article illustrates how strategic planning can turn that liability into an opportunity — preserving capital, creating a lasting family legacy, and fulfilling philanthropic goals.

Discover how business owners can turn tax liabilities into opportunities to preserve wealth and create lasting charitable and family legacies.

06/10/2026

Developing the next generation is vital for family businesses to ensure continuity and a smooth transition. However, effective development may not happen naturally for a family enterprise. Putting a formal and structured development plan in place can help better prepare the next generation for their future roles.

Explore practical strategies for building a structured mentorship plan that supports future family business leaders.

06/08/2026

Canadian equities returned -0.97%, holding up early in the week as energy exposure provided support before softer commodities, higher domestic yields and a strong jobs report that reinforced BoC hike expectations weighed on sentiment.

Don’t miss Scotia Wealth Management’s latest market update—now on our website.

This week’s highlights Equity rally falters as investors weigh tighter policy conditions Strong labour data drives a late-week rates selloff Strong Canadian jobs data reinforce rate hike expectations Markets revisit expectations for Fed’s policy rate after U.S. labour data release Eurozone infla...

06/05/2026

As Nova Scotia works toward a cleaner energy future, Small Modular Reactors (SMRs) are gaining attention as a potential solution to growing power demands.

With data centres, AI, and economic growth placing increasing pressure on electricity grids, could SMRs help deliver reliable, low-carbon energy for the Maritimes? And what opportunities might this create for investors?

Read our latest article to learn more.

Balancing environmental concerns with the surging power demands of the Maritime’s increasingly hi-tech economy is one of the thorniest issues provincial legislators are currently confronting. And if a single initiative is training a spotlight on that delicate balancing act, the potential applicati...

06/04/2026

Beyond financial value, your family business represents years of sacrifice, identity and legacy. Transferring a business to your adult children could be one of the most meaningful, yet complex, decisions you will make.

Beyond financial value, your family business represents years of sacrifice, identity and legacy. Transferring a business to your adult children could be one of the most meaningful, yet complex, decisions you will make. When handled well, succession could strengthen both the enterprise and family rel...

06/03/2026

Research consistently shows that when wealth transitions fail it is often not because of poor financial planning but at times due to breakdowns in family communication, unclear expectations, and lack of preparedness among the next generation. This article highlights key principles that may help you in bridging apparent communication gaps as you seek to lay a strong foundation of long-term family wealth.

https://ritceywoodworth.com/bridging-generational-communication-gaps-in-family-business-wealth-transition/