Safeguard Your Finances Against Fraud
As we enter the summer, why not resolve to better protect your financial security? Financial fraud continues to be on the rise and scams have become increasingly sophisticated. Scammers continue to seek financial gain by stealing identities, accessing login details, acquiring personal financial information and obtaining funds through false pretenses. “Phishing” remains one of the […]
The New Canada Disability Benefit
What is the Canada Disability Benefit? Launched in June 2025, the Canada Disability Benefit (CDB) is a new federal program providing monthly financial support to working-age Canadians living with disabilities. The benefit aims to reduce poverty and provide greater financial security for those who may face additional living costs related to their disability. Who is […]
Higher Rates for Longer? Mortgage Debt & The Great Renewal
It has been termed “the great renewal”. A significant number of Canadian mortgages are coming up for renewal. By one account, around 2.2 million mortgages or 45 percent of all outstanding mortgages, are set to face higher interest rates this year and next.1 Even though the Bank of Canada cut interest rates in 2024 as inflation continues […]
Financial Resolutions: Resolve to Review Your Will
If you are looking for a financial resolution to start the year, why not make estate planning a priority? Every so often we hear stories about the consequences of not having a valid will. To die without one, known as dying “intestate”, can have significant and perhaps unintended effects as assets will be distributed according […]
Your New Year’s Financial Checklist
The beginning of anew year is an opportune time to revisit certain aspects of your wealth management. If you don’t know where to start, here are a handful of ideas. For more information, please call the office. Contribute to the RRSP. The Registered Retirement Savings Plan (RRSP) deadline for the 2024 tax year is March 3, […]
Tax Planning: Carryforward Rules
The final months of the calendar year are a time when tax strategies are often top of mind. As a reminder, the tax rules allow you to carry forward certain tax credits or deductions not used in the current year. Be aware that the carryforward rules differ among registered plans. The introduction of the First […]
Year-End Planning & The Increased Inclusion Rate
With the (proposed*) increase to the capital gains inclusion rate in 2024, there have been various questions from investors about tax planning. Here are two that relate to year-end planning. 1. What is the Capital Gains Reserve? When you dispose of capital property, you may realize a capital gain or loss: the difference between the […]
Are You Overlooking the Tax-Free Opportunity
There are few “gifts” that the government gives us, and the Tax-Free Savings Account (TFSA) is one of them. The opportunity to invest and grow funds on a tax-free basis over a lifetime should not be overlooked. Yet, the latest statistics reveal that many high-net-worth (HNW) individuals are not taking full advantage. The 2024 TFSA […]
Estate Planning: Worried About Beneficiaries
Though the pandemic now feels like a distant memory, it did bring about some positive changes. One notable outcome was that many clients began to take a closer look at their estate planning. In doing so, some discovered that they were concerned beneficiaries might not be able to responsibly manage their inheritance. As a result, […]
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 […]