Myth #1: You Don’t Need One Whether you have a lot of money or very little a sound financial plan will help point you in the right direction – towards your long term goals. Whether they are to minimize taxes,…
Insuring the Cottage Properly
Recreational property sales in Canada have soared over the past year. Since people have not been able to travel, cottage country is the new preferred vacation destination. With cottage season officially underway, you may want to double check your policy…
10 Things to Do with Your Tax Refund
Well, with filing our taxes in the rear-view mirror, it’s time to turn our attention from receipts and filing compliance to what to do with our refunds. Understanding the urge to spend it on Amazon or Skip-the-Dishes, here are a…
Withdrawing Money from Your RRSP
You can withdraw money from your RRSP at any time. However, the amount you withdraw will be included as part of your taxable income for that year and taxed at your marginal rate. Amounts withdrawn cannot be recontributed into your…
Changes to Ontario’s Estate Laws
The province’s estate law reform hit a major milestone last month with the passing of Bill 245. The updated legislation better reflects life in the 2020s. Effective January 2022, virtual will witnessing becomes a permanent option, getting married will no…
2021 Federal Budget Highlights
2021 Federal Budget Highlights There has been a lot of speculation over what new tax measures would be implemented to pay for the billions in government spending that has taken place over the last year to help soften the pandemic’s…
2021 Federal Budget Highlights
There has been a lot of speculation over what new tax measures would be implemented to pay for the billions in government spending that has taken place over the last year to help soften the pandemic’s economic toll. The federal…
Financially Surviving Cancer
Earlier this week on April 12th, 1980, an incredible young man from British Columbia captivated Canadians with his determination, commitment, and energy to find a cure for cancer. With only one leg, Terry Fox started his Marathon of Hope in…
Tax Tips When Buying or Selling a Home
Home sales in Canada have sored over the past year, continually setting new monthly records in the hottest real estate markets throughout the pandemic. With many homeowners benefiting from low borrowing costs and higher savings, buyers are seeking larger properties…
Relieving Pent-up Stress
Do you share my feelings of aggravation that this pandemic has entered its 3rd wave? And we are being forced into another 4 week lockdown. Are you worried about when you and your family members will get vaccinated? Which vaccine…