2025 Tax Planning, Part 2
As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2024 tax year. Please note that these are a summary of some of the changes that may or may not apply to your situation. We would welcome the opportunity to complete a Wealth Plan with your family so that we can provide additional specific advice.
2025 Tax Planning, Part 1
At Baun & Pate Investment Group, our goal is to help you navigate this process with ease and confidence. This provides reminders on contribution deadlines, contribution limits, as well as other key information to help you stay organized and informed.
Thoughts from our Wealth Planner – Probate Planning: A Double-Edged Sword
The costliest piece of advice is the one usually obtained for free. This is the first thing that comes to mind when I hear “so and so told me to do this to save on probate.” Don’t get me wrong, probate fee planning is important for those in high-fee provinces like British Columbia (1.4%) and Nova Scotia (1.7%), but even if you reside in areas with nominal fees like Alberta ($525), planning can potentially speed up the transition of your estate.
Thoughts from our Wealth Planner – Letter to your Executor
People often ask me, “What’s in a Wealth Plan?” Well, a lot depends on what matters most to you. Generally speaking, we can break it down into three main topics:
2024 Tax Planning – Part 2
As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2023 tax year. Please note that these are a summary of some of the changes and may or may not apply to your situation.
2024 Tax Planning, Part 1
As the months change, so too may one’s focus. While some may be watching the snow forecast and hoping for epic ski days, some may have one foot in the pool as they prepare for a warm get away. For us at Baun & Pate, it is the upcoming tax season (fun stuff, we know!).
Making the Most of Canadian Registered Accounts: A Quick Reference Guide
Canadians have access to a plethora of tax-preferred vehicles for saving and investing, each of which provides unique planning opportunities and trade-offs, as well as their own rules and conditions that must be followed.