This is how one of our clients recently increased their intergenerational wealth by 200%! Effective estate planning and life insurance are essential components of any sound financial strategy. Adding in the complexities of owning a business and planning for its succession, makes their importance even greater. As business owners approach retirement, life insurance stands out […]
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In today’s employment landscape, organizations are challenged with balancing competitive compensation while managing company finances effectively. Today’s employees are looking for more than just a competitive salary, they want total compensation that provides overall financial security in relation to the cost of living, healthcare coverage, and a clear path toward retirement. Implement a Group Savings […]
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” The above quote is often attributed to Albert Einstein. Compounding is one of the most powerful forces when it comes to wealth creation. Learning how to harness it within your Registered Retirement Savings Plan (RRSP) […]
A Tax-Free Savings Account (TFSA) is your ticket to flexible, tax-free growth—whether you’re saving for a dream vacation, a home project, or building a financial cushion. Every dollar you earn and withdraw is completely tax-free. New Year, New Limit! Starting January 1, 2025, the annual TFSA contribution limit is $7,000, offering you a fresh opportunity […]
This holiday season, give the gift of education by opening or contributing to a Registered Education Savings Plan (RESP). Whether it is for yourself, your children, grandkids, siblings or even nephews and nieces- an RESP is a powerful tool to support post-secondary academic aspirations. Why an RESP? Rising Costs: Higher education is costly. Annual fees […]
Once an individual turns 18, they are eligible to open a First Home Savings Account (FHSA) and a Registered Retirement Savings Plan (RRSP). If you are considering purchasing your first home, a savings strategy that is not yet widely known is to combine the First Home Savings Account (FHSA) and the Registered Retirement Savings Plan’s […]
Everyone should have a will as part of their Financial plan, particularly families with young children. Despite its significance, many people overlook the need for a will, often due to perceived misconceptions around cost and complexity. Here are some points why having is so important especially when you have children and how getting one done […]
Should you take CPP early or defer until you’re 70? Our CPP calculator shows your estimated monthly and total payout amounts so you know the best age to start collecting retirement benefits.
In Canada, your principal residence is excluded from any capital gains taxation upon its sale. Any subsequent properties you own, like the family cottage, will incur capital gains taxes upon sale or inheritance. With this, one of the greatest financial challenges your children will face upon inheriting the family cottage is the capital gains tax […]
