Actions to Consider: Your Year-End Financial Planning Checklist
With the arrival of cooler and shorter days, it is a reminder that there are only a few months remaining in the calendar year. Are there actions that you can take before year end to impact your financial position? Here is a checklist of ideas: Realize capital losses to offset capital gains. For tax […]
Video: Introducing the First Home Savings Account (FHSA)
Summary: 2023 Fall Economic Statement
On November 21, 2023, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, delivered the 2023 Fall Economic Statement (FES 2023), a mid-fiscal year update that was narrower in focus than previous economic statements. FES 2023 highlighted key metrics of the Canadian economy and attempted to address two key challenges: Canada’s housing […]
Financial Literacy and Children: Keep it Relatable At Every Age
How can we raise financially confident children and grandchildren in an increasingly complex world filled with distractions? Many of our clients, for example, are concerned that the next generation won’t possess the financial literacy needed to inherit family wealth. The good news is that while introducing healthy money habits to young children is ideal, […]
Travel Insurance: Travel Tips Before and After Departure
Before Your Trip Let your carrier know about any health changes before departure If your health or medications change before your trip commences or you are awaiting further testing/test results, your coverage may be at risk. Please call your carrier to discuss how your policy and coverage might be affected. Verify the trip […]
The Ins and Outs of RDSPs
A Registered Disability Savings Plan (RDSP) is a
tax-sheltered savings vehicle designed to help families ensure the long-term financial security of a loved one affected by disability.
Tax-Free First Home Savings Account
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 ownership.
Maximizing Your RESP: Withdraw Wisely
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.