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...
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...
Should you stay or should you go? Deciding whether to take your workplace pension’s commuted value or remain with the plan really depends on your situation, and is a choice best made with the help of independent financial advice. The question of taking the commuted...
By Sean WilsonCertified Financial Planner and Portfolio manager with Moraine Wealth Advisory in Calgary Accumulating long-term wealth, especially for retirement, can pose challenges for incorporated professionals and business owners. Due to the absence of...
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