The first two years after retiring marks a big life shift—from learning to live without paycheques to figuring out how to make life meaningful without work; here’s how to prepare. It’s one thing to plan for retirement. It’s quite another to adjust to it when it...
A good retirement plan should do more than provide strategies to invest in low-volatility, low-risk investments; it should address a myriad of risks that can arise over several decades. Most retirement planning involves devising an investment strategy to generate...
When you're an incorporated professional, deciding how to pay yourself — either through salary or dividends — can significantly impact your tax liabilities, retirement savings, and long-term financial well-being. Here's a list of the top 10 considerations to keep in...
1. Significant Tax Savings for Your Corporation An IPP is a powerful tool for reducing corporate taxes. All contributions made to the plan, including current and past service costs, are fully tax-deductible. This allows your corporation to lower its taxable income...
The RRSP may be an oldie when it comes to retirement savings.But the Registered Retirement Savings Plan never falls out of fashion.Canadians have multiple ways to fund their retirement, from workplace pension plans and group RRSPs to TFSAs (tax-free savings accounts)...
https://youtu.be/hc-Frlk42mg?si=tm8Za54F-MgxVEP7&rel=0 The theme of attacking business owners and incorporated professionals has continued in 2024. The increase in the capital gains inclusion rate for corporations is expected to...
https://youtu.be/JjLF6Q52Mag?si=SuZWAWx5WeFtQB1Y Designed specifically for doctors, the newly introduced Physician-Focused Pension Plan (PFPP) offers an intriguing alternative to the longstanding Individual Pension Plan (IPP). Let’s explore the similarities and...
Active versus passive: Actively and passively managed strategies are often thought of as mutually exclusive, whereby investors must choose one approach over the other, yet both can coincide in a portfolio to drive returns to help reach your goals. Active and passive...
Your financial advisor is a bit like your family doctor, only instead of helping you achieve good physical health for a long, happy life, a financial advisor helps you ensure financial fitness for the long term.As with looking for a good physician, it helps when...
Oh Behave!Research in Behavioral Economics highlights the substantial impact of emotions on investment decisions, revealing that investors often commit errors in their thinking processes. Let's delve into some common investing errors that individuals may unknowingly...
The 60-40 asset allocation for portfolios has been the go-to strategy for decades, but is it the right mix to help you reach your goals? Call it a classic. The investment portfolio of 60 per cent stocks and 40 per cent bonds has long been the standard-bearer for...
Buying a home is often considered a rite of passage into adulthood, a milestone that signifies stability and long-term planning. In Canada, however, purchasing a home—especially for the first time—is easier said than done. Real estate prices have been on an upward...
When faced with a windfall, individuals and families find themselves at a pivotal crossroads, where their decisions can shape their financial future in either a positive or negative light. A windfall, whether through a stroke of luck or the result of years of hard...
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