The RESP: Would You Turn Down “Free Money”?
There are many reasons to consider a Registered Education Savings Plan (RESP) to save for a child’s future education: tax-deferred growth within the plan, earnings taxed at the child’s tax rate when eventually withdrawn and, of course, the Canada Education Savings Grant (CESG). The CESG consists of funds paid into the plan by the federal […]
Employee Spotlight: Sheena Schreiner
Introducing Cresco Wealth Management Investment Advisor, Sheena Schreiner. Sheena is one of the longest-tenured employees at Cresco, she is an OG who has worn nearly every hat in wealth management. A “Top 50 Women in Wealth” recipient, Sheena has a true passion for helping her clients. We asked Sheena a few questions to help you […]
Increasing Capital Gains Inclusion Rate: Planning for the Cottage or Cabin
Welcome to the summer — and the return of cottage and cabin season! While many of us are eager for some rest and relaxation, cottage and cabin owners may face new concerns due to increases to the capital gains inclusion rate. Looking ahead to when the property is eventually transferred or sold, owners are likely […]
Employee Spotlight: Pete Emes
Pete is an Associate with Cresco Wealth Management at Wellington-Altus Private Wealth. We asked Pete a few questions to help you get to know him better. Tell us about your journey from finance to JUNO-nominated DJ and back to finance! Early in my career I worked for a couple of years as an oil and […]
To Defer or Not to Defer: Realizing Capital Gains
increases to the capital gains inclusion rate The proposed* increases to the capital gains inclusion rate have prompted some investors to ask the tax-planning question: To defer, or not to defer? Tax deferral is commonly viewed as a way for investors to create greater future returns, since funds that might otherwise go to paying tax […]
Three Perspectives on Our Higher Cost of Living
what’s behind our increasing expenditures? With higher inflation, the increasing cost of living has been top of mind for many Canadians. While there has been good news on the inflation front given continuing signs of easing, here are three perspectives on our rising cost pressures. 1. Today, less of our paycheques go to necessities. Despite […]
FHSA or HBP: Reasons to Prioritize the FHSA
summer brings home-buying season As a result of the federal budget increasing the withdrawal amount for the Home Buyer’s Plan (HBP), some clients have asked which plan is better for younger family members: the First-Home Savings Account (FHSA) or the HBP, via the Registered Retirement Savings Plan (RRSP). As a reminder, the FHSA is a […]
Wellington-Altus Recognized as Canada’s Top-Rated Investment Dealer for Fifth Consecutive Year
The accolades continue for our firm, as Wellington-Altus Private Wealth has once again been recognized as Canada’s top-rated investment dealer* for the fifth consecutive year. Investment Executive’s 2024 Brokerage Report Card evaluates Canada’s leading investment dealers based on various criteria that are rated by a firm’s own advisors. Categories include receptiveness to advisor feedback, products […]
Highlights from the 2024 Federal Budget
Download this article as a PDF. The 2024 Federal Budget, tabled on April 16, 2024, provides a mix of expected measures and a few surprises. In line with the announcements leading up to Budget Day, Budget 2024 outlines a multitude of measures targeted at housing affordability and the cost of living. The big question was […]
Your Digital Footprint: Don’t Overlook Its Value
In estate planning, many of us tend to focus on assets with tangible value, such as investments and real estate. Yet, frequently disregarded are many digital assets due to their perceived lack of monetary value. However, a Wall Street Journal article reminds us that these assets may possess substantial sentimental value, and overlooking their transfer […]