individuals

2021 Personal Year-End Tax Tips

December 7, 2021Blog, individuals

The end of 2021 is quickly approaching – which means it’s time to get everything in order, so you’re ready when it comes time to file your taxes.

We’ve broken this article into the following sections to make it easy to find the tax tips you’re looking for:

• Individuals, including details on COVID-19 benefits and important tax credits.
• Investment considerations, including how to best contribute to TFSAs, RRSPs, and RDSPs.
• Families, including how to claim childcare expenses and make the most of RESPs.
• Retirees, including essential details about applying for CPP and OAS.

Do you need an estate plan?

July 6, 2021Blog, Charitable Gifting, Debt, Estate Planning, Family, individuals, Life Insurance, Retirees

Managing your finances raises a number of topics but none as tricky and potentially unpleasant as planning for your family and finances in the event that you pass away or become incapacitated. Understandably, these questions are often ignored by many—but don’t fall into the trap of avoiding these difficult matters. Good estate planning will help to make sure that your wishes are carried out, and your family and assets are well protected.

Do you REALLY need life insurance?

June 2, 2021Blog, Business Owners, Family, individuals, Life Insurancebusiness, debt, estate, funeral expenses, life insurance, Mortgage, retirement, tax

You most likely do, but the more important question is, What kind? Whether you’re a young professional starting out, a devoted parent or a successful CEO, securing a life insurance policy is probably one of the most important decisions you will have to make in your adult life. Most people would agree that having financial safety nets in place is a good way to make sure that your loved ones will be taken care of when you pass away. Insurance can also help support your financial obligations and even take care of your estate liabilities.

Federal Budget 2021 Highlights

April 22, 20212021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, Professional Corporations, tax

On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections:

• Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits.

• Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining.

• Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.

CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th

June 17, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, individuals

Great news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks.

The expanded CEBA will begin June 19th.

Guide to Covid-19: Government Relief Programs in Canada

May 4, 20202020, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students, Family, individuals, Life Insurance

The intention for our “Guide to Covid-19: Government Relief Programs in Canada” is to help businesses and individuals to cut through the noise and make sure they’re getting all the help they can receive from the federal and provincial programs.

Comparing TFSAs and RRSPs – 2020

January 30, 20202020 Only, Blog, Family, individuals, Investment, Retirees, RRSP, tax, Tax Free Savings Account

We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.

2020 Financial Calendar

January 1, 2020Blog, Business Owners, corporate, individuals, Investment, RRSP, tax, Tax Free Savings Account

Financial Calendar for 2020- All the deadlines you need to know to maximize your benefits!

2019 Tax Tips for Employees

November 22, 20192019 Only, Blog, Estate Planning, Family, individuals, Investment, Retirees, RRSP, tax, Tax Free Savings Account

Now that we are nearing year end, it’s a good time to review your finances. With the federal election over and no major tax personal tax changes for this year, 2019 is a good year to make sure you are effectively tax planning.

When and Why You Should Conduct an Insurance Audit

October 31, 2019Blog, Business Owners, Family, individuals, Life Insurancebeneficiary, business owners, children, families, individuals, life insurance, marital status, smoking

As our lives grow and change with variable circumstances, new additions, and job transitions, our needs for insurance will also evolve. Additionally, economic fluctuations and external circumstances that influence your insurance policy will need frequent re-evaluation to ensure that you are making the most appropriate and financially favorable decisions. Talk to us we can help.

Category: individuals

2021 Personal Year-End Tax Tips

Do you need an estate plan?

Do you REALLY need life insurance?

Federal Budget 2021 Highlights

CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th

Guide to Covid-19: Government Relief Programs in Canada

Comparing TFSAs and RRSPs – 2020

2020 Financial Calendar

2019 Tax Tips for Employees

When and Why You Should Conduct an Insurance Audit

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