New Tax Planning Opportunities
Canadians have various existing tax reduction opportunities to consider for their own personal situations and one NEW strategy arrives this spring: First Home Savings Account (FHSA). The FHSA has a few unique features versus the already existing Home Buyers Plan. To start, any Canadian over the age of 18 (who qualifies as a first-time […]
Update on Global Banking Situation & Income Tax Deadlines
My last newsletter talked about the good start we were having to 2023 but was written just before we got the news of some US and European Banks failing. I don’t want to say this situation is over, but as of this writing, we have seen a big rebound in share prices and much of […]
Budgeting Your Way to Financial Independence
Financial independence is an important goal that many Canadians aspire to – but achieving it can feel like an overwhelming task. However, with the right mindset and a few key strategies, it is possible to budget your way to financial independence. We have listed several time-tested strategies below: Obtaining financial independence requires […]
Are You Ready to Retire?
According to a 2022 survey,1 only 35% of Canadians aged 50 and older feel they’re financially ready to retire. Sixty-two percent report being unprepared or unsure if they have the resources. In a similar survey, Bromwich+Smith and Advisorsavvy2 report that 71% worry they will never be able to save enough to retire comfortably. Sixty-two percent […]
