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Home Archive for category "Financial Health Blog"

Financial Health Blog

Salary or dividends: Which is better for business owners?

All incorporated small business owners eventually must decide how to pay themselves: by salary or dividends. There’s no simple response, so let’s unpack the process to answer that question. Theory of integration No discussion about an incorporated business owner’s compensation can start without introducing the theory of integration. The idea behind that theory is simple:Read More…

 

How to minimize the OAS clawback

Higher-income seniors are often disappointed when their Old Age Security (OAS) benefit gets clawed back. What is OAS? OAS is a taxable monthly social security payment program available to most seniors aged 65 and older. Since the benefit is not based on employment history, it may be available even if a person has never workedRead More…

 

Business Owners: Save up to 30% on health benefits with a Health Spending Account

For incorporated businesses with 1-20 employees, a Health Services Account is more cost effective than a traditional benefit plan. What is an HSA? A Health Services Account allows you to expense all of your medical, health care and dental costs (for you and your employees) through your company.  In 1988 CRA (Canada Revenue Agency) statedRead More…

 

The easiest way to begin Estate Planning

Life insurance without a medical exam – ages 18-85 There are people at all stages of life that, for different reasons, can’t or don’t wish to go through the paramedical process to qualify for life insurance, or are hard to insure due to age or infirmity. Why should you consider No Medical Life Insurance orRead More…

 

Seven Personal Financial Tips for 2017

Happy New Year!  Here are a few thoughts I’ve put together to help you make your 2017 a great financial year: Hedge your currency bets.  Here’s a great way to make sure you don’t get a shock when you buy U.S dollars.  Say you need $5,000 U.S. for a vacation.  You can set up aRead More…

 

A low-cost personalized ETF investment portfolio

After considerable and lengthy due diligence I am excited to announce that I have entered into a referral arrangement with a low cost Exchange-Traded Fund (ETF) portfolio manager for my clients’ investment management needs.  It is an innovative and efficient digital wealth platform which uses Exchange Traded Funds (ETFs) as the building blocks of yourRead More…

 

Push your limits and save taxes with an RRSP loan

Get your finances in shape this RRSP season Contributing to your Registered Retirement Savings Plan (RRSP) not only helps you save for the future, it can help reduce the amount of income tax you pay.   Why not push your contribution limits with the help of a Manulife Bank RRSP Loan? Let’s talk about this easyRead More…

 

Guaranteed Interest Funds: Total security

A Guaranteed Interest Fund, offered by insurance companies, is a secure investment that grows your money at a guaranteed rate of interest for a fixed period. It is ideal for investors looking for capital security.  These funds are similar to guaranteed investment certificates (GICs) offered by banks but with the following unique characteristics: Advantages andRead More…

 

Private Wealth Management

For those with $200,000 to $1,000,000, we offer the option of working with a firm of licensed discretionary portfolio managers  who employ the investment management techniques of pension funds and institutions.  Some of the benefits to you include: An investment committee of senior professionals (CFA, CFP, and/or CIM) with an average of 25 years’ experienceRead More…

 

What does Trump’s election win mean for Canadian investors?

This morning, headlines are intently focused on Donald Trump’s win and many are wondering what impact, if any, the results may have on markets and investors. Regardless of the election result, history indicates that markets are resilient in the face of any one event. Markets are now adjusting to this surprise and it looks likeRead More…