Is it easy to see the value your wealth management professionals are adding? Most would instinctively say yes, especially when the market has been on the rise. When the market is going up, it is expected that wealth management professionals report and take credit for portfolio gains. However, when the market hits a turbulent stretch,... Continue Reading →
With 2019 tax season right around the corner, we thought it might be beneficial to dust off the archives and take a second look at an often misunderstood concept. Last year we looked at Tax on Split Income or TOSI as it is commonly referred to. In July of 2017, the federal government released proposals... Continue Reading →
With 2019 only a few short weeks away, many will be looking forward to putting in their retirement notice. Retirement should be a stress-free time. A time where we enjoy friends, family, hobbies, or other great things life has to offer. However, not everyone's retirement is like that. To start your retirement on the right... Continue Reading →
This article was originally published in Grainews. Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. The Farm Financial Planner column has recently... Continue Reading →
A while back we talked about the 5 big mistakes to avoid during retirement. This week we want to focus on financial mistakes to avoid when you're younger. A lot of time younger people downplay financial decisions because "retirement is still so far away". However, the financial decisions that we make now can have an... Continue Reading →
Inflation is a key factor when evaluating an economy. If inflation is at abnormally high levels, there are many negative side effects. These side effects may include the BoC (Bank of Canada) raising interest rates, which as we know, decreases the purchasing power. Inflation can be defined as a 'sustained increase in the general level... Continue Reading →
Recently released first quarter numbers for economic growth in Canada might seem a bit underwhelming. Stephan Poloz, the Governor of Bank of Canada, outlined 2 reasons for this; a slowing of the housing market and weak exports. However, even with the unsatisfactory results from Q1, the outlook for Q2 is still fairly optimistic. Rather than... Continue Reading →
In July of 2017, the federal government released proposals aimed at limiting opportunities for shareholders of privately held corporations to split income with family members. There was a significant backlash from both business and tax communities. Due to this backlash, the federal government amended their proposal and released the revised proposal in December 2017. The federal... Continue Reading →
The federal government made some interesting proposals for the treatment of certain taxable income for this year's federal budget. The draft summarizes the way passive investments held by small private corporations are to be treated. In this blog post we will cover a couple of important points for our farming and professional clients who are... Continue Reading →
