by Investing with Purpose | Nov 4, 2024 | Blog, Estate Planning, financial advice, Tax
A common belief among Canadians is that they will be taxed on money they inherit. However, Canada does not impose an inheritance tax. Instead, after someone passes away, their final tax return must be filed, covering the income they earned up to the date of...
by Investing with Purpose | Jun 3, 2024 | Accountants, Blog, Business Owners, Center of Influences, Estate Planning, Family, farmers, financial advice, financial planning, incorporated professionals, Individuals, insurance, Investment, Life Insurance
Our Network of Professionals As a financial advisor, my primary goal is to help you achieve financial clarity. I do this by accessing a network of dedicated professionals, each bringing their unique expertise to the table. Together, we provide personalized advice and...
by Investing with Purpose | Apr 17, 2024 | Blog, Business Owners, Estate Planning, Family, financial planning, incorporated professionals, Individuals, Investment, Mortgage, personal finances, Professional Corporations, Professionals, Retirees, Retirement, Tax
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: An increase in the portion of capital gains...
by Investing with Purpose | Feb 1, 2024 | 2024, Blog, Business Owners, Estate Planning, Family, financial advice, financial planning, Individuals, Investment, personal finances, Professionals, Retirement, RRSP, Tax Free Savings Account
Tax-Free Savings Account vs Registered Retirement Savings PlanWhen looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the...
by Investing with Purpose | Mar 4, 2022 | Blog, Estate Planning, Tax
In 2015, CIBC conducted a poll to see how many Canadian business owners had a business transition plan. Almost half of them didn’t have one.No business owner likes to think about handing over their business they’ve built from the ground up. But the fact of...
by Investing with Purpose | Nov 1, 2021 | Blog, Estate Planning, incorporated professionals, Retirees
Financial advice for incorporated professionals is often two-sided- advice for the practice and personal financial advice. A few things to keep in mind for professionals are:Professionals are typically in the highest income tax bracket, therefore incorporating...
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