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

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”

How Much Money Will You Need In Retirement?

How do you like to run your financial matters now that you are no longer receiving your monthly paycheck? When it comes to determining how much money you need for retirement, it’s hard to come with a specific number. It’s a long-standing debate about how much money an average Canadian needs in order to have … Continue reading “How Much Money Will You Need In Retirement?”

Tips To Minimize Tax on Your Retirement Income

There are plenty of opportunities to optimize your wealth before or after you retire. If you are a salaried employee, it is likely that you have limited tax saving strategies and tax deductions. Financial matters might change radically when you retire. However, effective tax planning can really help you minimize your tax liability. You can … Continue reading “Tips To Minimize Tax on Your Retirement Income”

Smoking Affects Your Life Insurance Premiums

When a person applies for a life insurance, he will be evaluated based on his health condition, lifestyle, age, etc. Insurance companies prefer to do business with individuals who are healthy and have a low-risk lifestyle. For instance, smokers have to pay approximately double in premiums when it comes to signing up for a life … Continue reading “Smoking Affects Your Life Insurance Premiums”

Retirement Planning: Determine Which Insurance Is Right For You

Insurance principles can be somewhat contrary to intuitive, which means it’s likely that you misunderstand where insurance makes sense and where it doesn’t. Therefore, you need to think through your insurance needs strategically. The insurance matters become even more complicated in retirement where needs change significantly. It is important to evaluate key insurance products and … Continue reading “Retirement Planning: Determine Which Insurance Is Right For You”

Financial Planning in Retirement: Adapting to Change

How much money do I actually need in retirement? How much of my current lifestyle can I maintain in retirement? What changes do I need to make in order to align my life with my financial situation? The answers are not the same for everyone. Lifestyle and expectations vary from person to person; there is … Continue reading “Financial Planning in Retirement: Adapting to Change”