Why don’t people like Probate tax in Ontario? Let’s be honest, probate is less about the money and more about it just being a pain for your poor, unsuspecting Executor. The process can be time consuming and frustrating. What is Probate/EAT Tax? Once someone dies, their property and assets become an “Estate”. You don’t have […]
Probate, what is it? It’s the Estate Administration Tax now! Read More »
Not all GICs are created equally. If you are looking for security in investments and are looking at GIC’s you should know that insurance GICs have important, additional benefits. From saving on your taxes when you are a pensioner, to being able to name a beneficiary who will be able to avoid costly probate (now known as the Estate Administration Tax – EAT tax for short, since it eats away at your investments), and more!
Insurance GICs vs Bank GICs – Save on Taxes & Have Security with Your GICs? Read More »
On paper, you can transfer a portion of your pension to your spouse if they have a lower income to reduce your taxes owing/taxes payable. Every year you can decide based on income if this is something you should do to lower your taxes owing.
Have you ever thought about how you want to live out your retirement years? Picture your retirement. Visualize where you will be living. Will you stay in your current home or will you downsize?
Creating Your Own Pension Plan Read More »
Often clients will say, “Hey, I don’t have any disabilities, I am going to move into a Retirement home and enjoy my retirement life there. I will be able to claim all the expenses in that facility as medical expenses on my tax return anyway.”
Disability Tax Credit Read More »
Whether your retirement is years away or just around the corner, it’s important to ensure your investments reflect your goals and risk tolerance.
We think Segregated Funds are Awesome! Here’s Why. Read More »
When we hear the term Tax-Free Savings Account (TFSA), the first thing that comes to mind is a low- or no-interest account at a bank. People are surprised to learn that almost every investment option available to their RRSP is also available to them in a TFSA plan.
Let’s Talk About TFSA’s Read More »
What Are The Most Common Social Benefit Questions People Ask As They Go Into Retirement?
Q and A with Tracy Sun, our Senior Tax Advisor, and Sarah Bowie, President of Bowie Financial Inc.
What Are The Most Common Social Benefit Questions People Ask As They Go Into Retirement? Read More »
No one wants to go through the death of a child but for the benefit of the child, everyone should consider child insurance. There are two ways to do it; a child rider or a stand-alone policy, both with their own benefits to consider.
Are you a homeowner with a mortgage? If you are you probably have some sort of Mortgage Life Insurance, or maybe you have Term Insurance, or perhaps you have both? Do you actually know what you are paying for? You might not. Most people don’t know and that’s okay!
Mortgage Bank Insurance Vs. Term Life Insurance Read More »
