Be active for passive income
How to plan around the new small business tax changes.
The government enacted a number of tax changes that could dramatically impact the bottom line of many Canadian businesses, including incorporated professionals – chiropractors, doctors, lawyers and accountants. In this article, we examine the impact of a potential loss of some (or all) of the small business deduction (SBD) which means you could pay significantly more tax. The impact will only compound over time. Most importantly, there are ways to plan around the new tax changes.
Planning for a healthy retirement (Part 2)
Opportunities and misconceptions of retirement planning
In part 2 of the series, Mike highlights (1) the importance of Cash Flow investment strategies and compound returns, (2) RRSP and TFSA beneficiary considerations, (3) Potential U.S. tax implications for U.S. citizens living in a Canada and Canadian Snowbirds, and (4) CPP Survivorship Pension - often misunderstood. Sound financial planning strategies can be maximized – and properly implemented cash-flow investments can be compounded. By embracing the responsibility of planning now, you will drastically increase your success rates during your golden years.
Planning for a healthy retirement (Part 1)
6 risks to a healthy retirement and how to mitigate them
Our specialized INCOME65® process is designed to address the many challenges and opportunities facing retirees as they prepare for and enter retirement. Research shows that clients who work with a financial advisor have up to four times the assets of non-advised households. In recognizing the many positive research findings on the importance of adhering to a financial plan, our INCOME65® process includes methods that effectively match a client’s investment performance with their financial goals, and furthermore, match their retirement lifestyle expenses with their income streams.
Smart ways to secure your financial future
Corporate Class funds have been growing in both practicality and popularity. They look and feel a lot like regular mutual funds, but provide investors certain tax benefits which traditional funds do not offer.