Low interest rates and a relatively stable Canadian economy have contributed significantly to the booming real estate market here in Ontario. For a number of individuals the low rates have provided the opportunity to finance their first home purchase. Of course, the challenge in this process is coming up with the required down payment to qualify for the mortgage. What….
There is no question that the path to a stable retirement financial plan involves the development of a sound savings program throughout your working career. In that vein I would like to end the year with a light-hearted financial plan put together by Mr. Jim Ruta a renowned motivational speaker and close personal friend. The message is short but is….
In my last article I discussed the issue of preserving family wealth. In this month’s article I will outline additional considerations that should be addressed in order to enhance the protection of family wealth and at the same time allow for a seamless transition of assets from one generation to the next. The purpose of this review is to provide….
It’s that time of year again. You and your spouse are sitting at the kitchen table poring over your statements, preparing for tax time and wondering how to invest this year’s RRSP contributions. The two of you might have half a dozen or more separate accounts, some registered, some taxable. You sit back and reflect. You’ve been managing on your….
As 2014 winds down the inevitable task of filing ones annual tax return looms in the not too distant future. Taxpayers and those in business know that income tax has to be paid, but, having said that one would prefer to pay as little as possible. In that regard I have prepared a list of considerations to consider for helping….