Cultivating Financial Habits from a Young Age
“The best way to teach your kids about taxes is by eating 30 percent of their ice cream.” – Bill Murray, Comedian While repeated in jest, this witty remark highlights an important truth: teaching children about financial responsibilities early on can have lasting impacts. Many of us spend our lives working hard to build […]
Live Long & Prosper: Better Health, Better Wealth
Many of us remember the classic Star Trek mantra “live long and prosper,” which may be worth reflection as we enter the leisurely summer months. The keys to a longer and more prosperous life are often rooted in fundamentals that include both health and wealth. Better Health, Better Wealth Not surprisingly, physical, mental, and […]
Three Perspectives On Our Higher Cost of Living
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 a substantial rise in […]
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 property is eventually transferred or sold, owners are likely to […]
Video: Timing Your CPP Benefits – To Defer, or Not to Defer
To Defer or Not to Defer: Realizing Capital Gains
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 can remain invested for longer-term growth. Yet, […]
Thinking Beyond Retirement: A Higher Purpose
It has been said that “if you are what you do, when you don’t…you aren’t.” As you think ahead, have you contemplated a plan for what you will do in retirement? Many of us plan by working hard, saving consistently and investing for the future to ensure a financially secure retirement. As stewards of […]
Video: Behavioural Finance – Understanding Hidden Biases
Reminders for Tax Season
It is personal income tax season once again. Given increasing interest rates, don’t overlook the importance of filing your taxes and paying balances and instalments on time, as interest assessed on insufficient payments can be significant. Tax Filing Deadlines – The general deadline to file your 2023 personal income tax and benefit return is […]
Spring Cleaning Finances: Five Questions to Ask
Now that spring has sprung many of us are in spring cleaning mode, perhaps you are looking for a bit of motivation when it comes to your finances. Here are five wealth planning questions that may be answered by simple “rules of thumb.” These may spark meaningful discussions about wealth management, budgeting, or family and […]