Our custom tailored articles are provided to educate you on all aspects of finance

How To Define Your Estate Planning Objectives

Preparing an estate plan doesn’t require a significant amount of time or money. From preparing an inventory of your liabilities and assets to determining actions necessary to achieve your objectives, it only takes a few simple steps to prepare an estate plan that addresses all of the important aspects. This blog post will help you … Continue reading “How To Define Your Estate Planning Objectives”

Common Misconceptions Associated With Estate Planning

For many Canadians, the most difficult part of determining how wealth will be distributed after death is to understand the complexities of estate planning. There are a number of misconceptions that misguide people and make them take wrong decisions. Statistics reveal that less than 50% of Canadians have a valid estate plan. There are so … Continue reading “Common Misconceptions Associated With Estate Planning”

Benefits of Incorporating Your Business In Canada

Why should I incorporate my business? Many Canadian small business owners want to know how to incorporate and what are the benefits. If you are not aware of the financial benefits of incorporating in Canada, then this blog post is for you. Incorporation can help your business operations in a number of ways. For example, … Continue reading “Benefits of Incorporating Your Business In Canada”

Frequently Asked Questions About Last Will And Testament

A Will is a legal document which states how the wealth of an individual will be distributed after his death. Most of your financial assets can be disposed of in a Will. A property jointly owned or a life insurance policy naming someone as a beneficiary can’t be disposed of in a Will. Preparing a … Continue reading “Frequently Asked Questions About Last Will And Testament”

The Biggest RRSP Myths That Mislead Canadians

A Registered Retirement Savings Plan (RRSP) is an account, registered with the federal government, which Canadians can use to save for retirement. For most Canadians, RRSP is an important source of future retirement income. Understanding how you can make the most of your RRSP is imperative to achieving your retirement goals. Surprisingly, there are a … Continue reading “The Biggest RRSP Myths That Mislead Canadians”

Simple Estate Planning Guide For Canadians

Most Canadians are very unfamiliar with how estate tax works. When someone passes away, there is a deemed disposition tax which applies. Therefore, it is important to minimize your estate’s exposure to this tax and develop a well-structured estate plan to ensure your beneficiaries get the wealth you left behind. How to deal with taxation … Continue reading “Simple Estate Planning Guide For Canadians”

Tax Planning: Tips For Canadian Taxpayers

It’s a fact that many Canadians don’t pay due attention to strategies which can optimize their tax returns. By the time tax returns are filed, many tax-saving opportunities for the year are lost. Filing tax returns is an accounting exercise people have to undergo every year in order to settle their taxes. If you consult … Continue reading “Tax Planning: Tips For Canadian Taxpayers”

The Importance of Navigating Your Financial Roadmap

In today’s busy world, people neither have the time nor knowledge necessary to solve the financial complexities of modern life. They often need professional assistance to understand their financial situation and future needs. A considerate, thoughtful approach is necessary to streamline and secure your financial future. A significant number of Canadians acknowledge that they feel … Continue reading “The Importance of Navigating Your Financial Roadmap”

Key Components Of An Estate Plan

It is important for you to retain and protect your assets, and leave a lasting legacy for your family. People sometimes think that estate planning has everything to do with the wealthy. This misunderstanding can lead to unnecessary legal complications for survivors. Everyone can benefit from estate planning, whether rich or middle class, young or … Continue reading “Key Components Of An Estate Plan”

Financial Planning For Your Future

Financial planning is not limited to saving, budgeting or devising a perfect investment strategy. It paves the way for a financially stable life through strategic management of your financial affairs. According to a recently conducted survey, 46% of Canadians do not have a financial plan in place to reach their goals. Over 33% of Canadians … Continue reading “Financial Planning For Your Future”

Tax-Saving Strategies For Small Businesses

Small business owners can implement a number of techniques to improve their tax situation. According to a recent data study, 97% of all enterprises in Canada are classified as small businesses. Despite a large number of small businesses in Canada, small business owners struggle to develop good tax-saving strategies. It’s time to utilize tax-saving strategies … Continue reading “Tax-Saving Strategies For Small Businesses”

5 Essential Tips for Financial Planning

Financial planning includes many aspects of finance. It uses budgeting, expenses, insurance, retirement and savings along with debt and forecasting. All of these aspects are intertwined and connected to each other but in some instances are independent. Combined together they form the basis to achieve your goals by plotting out a formula for your monetary … Continue reading “5 Essential Tips for Financial Planning”