Category Archives: Personal Finance

Tax Planning Tips for the end of 2018

    Now that we are nearing year end, it’s a good time to review your finances. 2018 saw a number of major changes to tax legislation come in force and more will apply in 2019, therefore you should consider available opportunities and planning strategies prior to year-end. Below, we have listed some of the key areas

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    Getting the best from a financial advisor

      Working with a professional to help you to make sense of your finances can be a wise move, but for this relationship to work effectively it is important that you understand what to expect from your financial advisor. What can your financial advisor help you with? Defining your financial goals and creating a step by

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      BC Budget Highlights 2018

        BC Finance Minister Carole James delivered the province’s 2018 budget update on February 20, 2018. The budget anticipates a surplus of $219 million for the current year, $281 million for 2019 and $284 million in 2020. Corporate and personal tax rates remain unchanged. The biggest changes are: Elimination of Medical Services Plan (MSP Premiums) effective

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        Sources of Funds for Education

          Post-secondary education can be expensive, however having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education. In addition, when you have a plan, it’s easer to make financial decisions that align with your goals and provide peace of mind. We outline 7 sources of funds for paying for post-secondary education.

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          BC Budget Changes

            Finance Minister Michael de Jong recently announced the budget for BC for 2016. We’ve put together an infographic to outline the highlights of the BC Budget.

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            Life Insurance Valuation

                                                        Valuating personally owned life insurance offers business owners and incorporated business professionals a way to access the retained earnings in their corporation. The Canadian Government will be changing these rules soon. 

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              Private Health Services Plan

                                                          Private Health Services Plans are great for small businesses that would like to provide health and dental benefits or for businesses that would like to supplement their existing health plans. 

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                Post Election Tax Changes

                                                            Valuating personally owned life insurance offers business owners and incorporated business professionals a way to access the retained earnings in their corporation. The Canadian Government will be changing these rules soon. 

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                  Shared Ownership Critical Illness

                                                              Shared Ownership Critical Illness offers business owners and incorporated business professionals a way to access the retained earnings in their corporation or provide benefits to a key employee.

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                    Individual Pension Plans

                                                                Individual Pension Plans (IPPs), offer business owners and incorporated business professionals a way to greatly increase their retirement savings. They enable you to invest annual contributions that go well beyond what you can put

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