I am sure by now you have heard about the current market volatility. There’s some things I’d like to share to put your mind at ease. First off, the market has had an incredible run since its last setback in 2007-2008. In recent months it had beat most industry experts predictions and defied gravity even with some fundamental issues floating around globally like the US financial stoppage, North Korea and US friction and creeping inflation […]
Understanding How Investing in RRSPs and TFSA Can Work For You
It's almost Registered Retirement Savings Plan (RRSP) season and Canadians will be debating between contributing towards RRSPs or tax-free savings accounts (TFSA). Both investments are excellent tools for building a strong retirement plan or simply saving for a rainy day. Many investors such as yourself are wondering which solution is best for them?
Your retirement plan is a core part of your financial planning. Investing in an RRSP is an excellent way to save up and achieve your retirement savings goals. Many Canadians wonder when it makes sense to do an annual top up on their RRSP’s. Like all great things in life; your retirement planning is a long-term project that requires attention and regular maintenance. It’s best to contribute to your RRSP regularly at a consistent level […]
Shout it from the treetops to your local MP’s before it’s too late https://insurance-journal.ca/article/talk-to-your-clients-now-about-governments-proposed-tax-changes/ We encourage all of our network associated with small and medium sized business, SME’s, to be very vocal about their opinions on these changes in the upcoming few days. Our feeling from talking with many accountants and tax lawyers as well as reading close to 100 information pieces on the proposed changes is that they will have a significantly negative impact […]
Thinking about death is something that no one really wants to spend a lot of time contemplating. It’s important to consider who would face financial stress in the event of your death. Life insurance will provide your loved ones with the cash they need. The goal of a life insurance payout is to replace your income after your death. Additionally, a well-designed life insurance policy will cover expenses such as your funeral costs, ongoing costs […]
There are more tax proposals currently being reviewed. These are penal to small businesses and to professionals and professional corporations. Regardless of your political stripes at some point we have to cry wolf. Recently taxation to small business owners was increased through higher dividend taxation and class changes in write downs. The guise behind this was more equalization to business owners who apparently aren’t paying their fair share of taxes according to Morneau and Trudeau. […]
Registered Retirement Savings Plan (RRSP) – A Group Savings Benefit to Grow Your Business and Help the Future of Your Employees You rely on your employees daily to take your business to the next level. Their well-being is something you value, both for today and tomorrow. Having a comprehensive Registered Retirement Savings Plan (RRSP) is an excellent way to provide your staff with some financial security for the future. A RRSP is a personal savings […]
It’s a tough time for small businesses and start ups in Ontario. Not only have federal tax rates sneaked up but now this. Supply and demand usually leads decent full time employers to be paying employees at competitive levels already. New and existing businesses competing to get off the ground in our economic and tax environment will take another step back. There are other ways to protect low income earners and families, many of these […]
How a Financial Planner / Advisor Can Help You Plan for Today and Tomorrow A strong financial plan takes into account where you stand today and where you’re heading tomorrow. It achieves both your short-term and long-term goals and needs. Financial planning is meant for everyone. People of all income levels and ages can benefit from having a solid financial plan in place. Life is full of big moments and it’s important to have the […]
Employee and Employer Group RRSP Advantages – Understanding How a Well-Designed Plan is Easy and Cost Effective to Manage Having a well-designed RRSP group savings plan for your business will provide many benefits for both your business and your employees. A group savings plan is one of the best ways an individual can properly save for their retirement plan. Offering group RRSPs and pension plans will help make your business an attractive place to work. […]
