The federal budget’s proposed increase in the capital gains inclusion rate has some asking: “Should I trigger my gains now?” Some of the loudest noise emanating from the series of budget announcements is how capital gains will be taxed after June 24, 2024. Prior to this date, when you have a gain on the sale […]
As 2023 comes to a close, it is important to consider financial contribution deadlines, like the one within an RESP savings account. READ: University campus tours are in full swing. But even parents with RESPs lack an education financial plan – The Globe and Mail An RESP savings account is a key component in preparing […]
It’s important for you and your family to have a tailored wealth management solution in which you have the utmost confidence, to grow, protect, and enjoy your wealth. As your investable assets reach a pivotal threshold, an avenue emerges to construct a portfolio comprising individual securities. Our private investment counsel offering will create just that […]
Rapidly rising home prices and higher interest rates have made it increasingly difficult for Canadians to save for a down payment on their first home. Effective April 1, 2023, the government of Canada officially approved the First Home Savings Account (FHSA) to help alleviate some of these difficulties, and financial institutions are working towards making […]
It’s official! The TFSA contribution limit for 2023 has officially increased to $6,500. This represents the first annual increase since 2019. This limit increase means that eligible Canadians will now have a cumulative lifetime TFSA contribution limit of up to $88,000. Take advantage of the ultimate tax-free investment vehicle in Canada! Contact us […]
RRSP’s are one of the single best long-term savings vehicles available to you. They boast big tax advantages by allowing you to deduct your contributions from your income and can generate a healthy tax return in the process! Don’t miss out on maximizing these advantages! Your annual RRSP contribution limit is 18% of your prior […]
It’s been over 15 years since GICs have paid a decent amount of interest. And now, with the Bank of Canada raising interest rates by 2.25% over the past 5 months, investing your money in a GIC is officially back in style. A Guaranteed Investment Certificate (GIC) pays a guaranteed rate of return by the […]
A cornerstone of good portfolio management is proper diversification. In simple terms: don’t put all your eggs in one basket! The Real Estate Fund owns 88 high-quality, income-producing Canadian properties valued at $3.8 billion. This real estate fund does not own individual residential real estate in the neighbourhoods we live in. It owns a diversified […]
RRSP’s are one of the single best long-term savings vehicles available to you. They boast big tax advantages by allowing you to deduct your contributions from your income and can generate a healthy tax return in the process! Don’t miss out on maximizing these advantages! Your annual RRSP contribution limit is 18% of your prior […]
A Tax Free Savings Account (TFSA) is a registered investment account that lets your earnings grow tax-free. Invest for any goal – from a new car, to a renovation, to supplementing your retirement income– and never pay tax on withdrawals. An excellent complement to an RRSP, a TFSA is an important part of every financial […]
