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      <image:title>Insights - CRM3: The First Time Your Investment Fees Are Explained&amp;nbsp;</image:title>
      <image:caption>For commission-based fund series  In this structure, the advisor is compensated indirectly through the fund.</image:caption>
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      <image:title>Insights - CRM3: The First Time Your Investment Fees Are Explained&amp;nbsp;</image:title>
      <image:caption>For fee-based fund series  No trailing commission is included in the management fee  The advisor charges a separate, explicit account fee directly to the client, as agreed in advance</image:caption>
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      <image:title>Insights - CRM3: The First Time Your Investment Fees Are Explained&amp;nbsp;</image:title>
      <image:caption>For commission-based fund series</image:caption>
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      <image:title>Insights - 2025 Market Review and 2026 Investment Outlook&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Source: Boreal Family Office, Ycharts</image:caption>
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    <loc>https://www.borealfo.com/insights/gold-investing-a-brief-history-why-prices-have-surged-and-how-to-investnbsp</loc>
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      <image:title>Insights - Gold Investing: A Brief History, Why Prices Have Surged, and How to Invest&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Figure 1. Source: Boreal Family Office</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/666f814da8a9fa41a2a45539/1476118a-f980-4a24-88ed-ba4aae5439c6/Fig+2.png</image:loc>
      <image:title>Insights - Gold Investing: A Brief History, Why Prices Have Surged, and How to Invest&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Figure 2, Source: Money Metals</image:caption>
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      <image:title>Insights - Gold Investing: A Brief History, Why Prices Have Surged, and How to Invest&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Figure 3, Source: Boreal Family Office, Trading Economics</image:caption>
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      <image:title>Insights - The Zong Family Trust Dispute: Jurisdiction, Confusion, and Lessons for Global Families&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Trusts are not static pieces of paper to file away. They are living governance structures requiring clarity of intention, well-defined roles, and ongoing care.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/666f814da8a9fa41a2a45539/1da2612d-53b1-4bb4-9ad7-61ba08b9320f/table.png</image:loc>
      <image:title>Insights - The Zong Family Trust Dispute: Jurisdiction, Confusion, and Lessons for Global Families&amp;nbsp; - Make it stand out</image:title>
      <image:caption>信托不是静态的纸面文件。它是一个活的治理架构，需要清晰的意图、明确的角色和持续的维护</image:caption>
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      <image:title>Insights - Understanding Non-Resident Trusts:&amp;nbsp;&amp;nbsp;CRA’s Interpretation and Key Planning Challenges Introduction&amp;nbsp; - Mitigation Strategies:</image:title>
      <image:caption>Strategic Timing of Transactions – Carefully planning when to trigger residency changes.  Deferral Elections – Using Section 220(4.5) ITA to defer departure tax if eligible.  Treaty-Based Planning – Considering jurisdictions with favorable tax treaties.</image:caption>
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      <image:title>Insights - Understanding Non-Resident Trusts:&amp;nbsp;&amp;nbsp;CRA’s Interpretation and Key Planning Challenges Introduction&amp;nbsp; - 税务筹划策略：降低税负</image:title>
      <image:caption>1. 交易时间规划（Strategic Timing of Transactions）: 精确控制 触发居民身份变化的时间点，以减少税务负担。  2. 递延选项（Deferral Elections）: 依据ITA 第220(4.5)条，符合条件的情况下可选择递延离境税。  3. 税收协定筹划（Treaty-Based Planning）: 选择与加拿大有优惠税收协定的司法管辖区，以降低税负。</image:caption>
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      <image:title>Insights - Timing in Investing: The Cost, The Risks and The Importance&amp;nbsp;</image:title>
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      <image:title>Insights - Timing in Investing: The Cost, The Risks and The Importance&amp;nbsp;</image:title>
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      <image:title>Editorials - Bitcoin Looks Good on Paper… That’s Why It Belongs in the Margins</image:title>
      <image:caption>S&amp;P 500 total return VS Bitcoin total return rebased to 1 in the past 10 years (from YCharts)</image:caption>
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      <image:title>News &amp; Events - [News] Niko Deng Elected to the STEP Philanthropy Advisors Global SIG Steering Committee</image:title>
      <image:caption>Our Founder and Managing Partner, Yun (Niko) Deng, MBA, LL.M.(Tax), TEP, has been elected to the Steering Committee of the STEP Philanthropy Advisors Global Special Interest Group. The Society of Trust and Estate Practitioners (STEP) is the global professional body for advisors who work with families across generations. Its Philanthropy Advisors SIG sets standards and shapes practice in philanthropic advisory worldwide. Niko joins the committee following the group's recent global elections, alongside new members from Europe, the Middle East, and North America. "With a background in tax law, I have long been aware of the limits of traditional redistribution systems," Niko said. "They remain necessary, but they are not always precise in how capital is directed or sustained. Thoughtfully structured philanthropy can help address that gap." "At its best, philanthropy is not simply about giving. It is an intentional expression of values, a governance decision, and a way to create lasting impact across generations. Philanthropic advisory sits at the intersection of tax, governance, and human intention. Done well, it brings clarity, structure, and continuity to the way wealth serves a broader purpose." This is how Boreal already treats philanthropy. For the families we serve (many with cross-border structures and transitions between generations underway) giving is not an afterthought. It is a governance decision, designed with the same discipline we apply to portfolio strategy, tax architecture, and succession. Niko's seat on the committee puts Boreal in direct conversation with the people setting global standards in this field, and what he learns there will show up in our work. If you work in philanthropy, trusts and estates, or private family foundation, Niko would be glad to connect. More on the STEP Philanthropy Advisors Global SIG: step.org/special-interest-groups/philanthropy-advisors-global-special-interest-group</image:caption>
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