Kluge Wealth Advisory Group – Quarterly Compass Newsletter
Before we get into this quarter’s Quarterly Compass Newsletter, I want to congratulate Kyle and his wife, Devon, on the arrival of their son Landen!!! May 27th also marked our first anniversary at Wellington-Altus Private Wealth. I would also like to take a moment to thank each of you for joining us and for and […]
Investment Insights – Summer 2023
Link to the PDF The Future Looks Bright, Indeed! It has been said that millennials — those born from 1980 to 1994 — were the first generation worse off than their parents financially. Skyrocketing housing prices, a higher cost of education and a challenging economy, among others, were to blame. And while things didn’t look […]
Tax-Free First Home Savings Account
June 12, 2023 Download this article as a PDF. The First Home Savings Account (“FHSA”) was introduced in the 2022 Federal Budget to address the increasing difficulty Canadians are experiencing in buying a first home due to rising real estate values. The FHSA is intended to help Canadians save and fulfill their dreams of home […]
June Market Insights: Is AI The Next Goldrush?
June 8, 2023 Terminator vs. R2-D2 Download this PDF here. Hollywood and Artificial Intelligence (AI): The Emotional Scars Are With Us Today In the movie Terminator, a dystopian society is under attack by artificially intelligent robots that are hell bent on the destruction of the human species. Skynet is the ultimate doomsday machine, a self-aware […]
Alternative Minimum Tax – When Does It Apply, How, And For Whom?
May 18, 2023 Download this article as a PDF. BACKGROUND The Alternative Minimum Tax (AMT)1 is a second, alternate tax liability calculation that Canadian individuals and trusts must consider annually in parallel with their normal tax liability. First introduced in 1986, AMT was implemented to promote and maintain fairness within Canada’s income tax regime. Simply, if […]
May Market Insights: The FTX Fiasco Has Nothing To Do With Blockchain Adoption.
May 11, 2023 Download this PDF here. “Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.” — Alan Greenspan When one thinks of blockchain, one quickly thinks of Bitcoin, NFTs, and cryptocurrencies. Just as so many confuse Mark Twain’s Huckleberry Finn with Tom Sawyer, to the point where the rock band Rush makes satirical […]
Life After Work: Thriving in Retirement
May 8, 2023 Download this article as a PDF. Retirement is often portrayed in popular culture as an idyllic and rewarding time for relaxation, leisure activities and enjoying the company of family and friends. And while this dream comes true for some, research indicates that many people find the reality far less appealing – even […]
Maximizing Your RESP: Withdraw Wisely
May 8, 2023 Download this article as a PDF. A Registered Education Savings Plan (RESP) is a Canadian registered investment account that promotes saving to support a beneficiary’s post-secondary education. Anyone — parents, family and friends — can open a RESP as a “subscriber” for the benefit of a child. Invested contributions grow tax free. […]
How Should I Compensate Myself: Salary Or Dividends?
Download this article as a PDF. KEY POINTS Everyone’s situation is unique. Tax is important, but incorporated business owners and professionals should also consider retirement planning, lifestyle and corporate cash flow needs when deciding to take compensation as salary, dividends, or a combination of the two It can be complicated. Canada’s tax system is designed […]
Kluge Wealth advisory Group Q1 2023 newsletter
Before we launch into our Winter 2023 Update there are a few important items that we want to draw your attention to: The renovations are complete on our new office space, and we have officially moved one floor up to the 23rd Floor of Centennial Tower West. Wellington Altus will continue to occupy the 22nd Floor […]