Does a conversation about money make you excited? Nervous? Anxious? Apparently money can be a stressful thing for some people to talk about. Conversations about finances can put strains on relationships. What I would like you to think about, is if simply talking about money is causing problems, what underlying issues are at play and are they really being solved by avoiding the conversation?
What's interesting is that this concept of shrinkflation has been around for a while, starting well before the Coronavirus pandemic. The reason it's become a hotter topic is because like many things, it's worsened since the pandemic.
Inflation and interest rates impact your portfolio. What is inflation and how does it impact you?
No matter your vision of retirement, there are some items that everyone nearing age 60 will want to consider. There are Seven Income Components to a successful retirement plan.
Working with hundreds of clients over 24 years, I have come to see some serious issues when it comes to retirement. Here is a list of the top “retirement killers” you want to avoid at all costs.
Did you know the average tax refund for 2021 was $2741? Here are 5 money-smart ways to spend your tax refund and accelerate your financial plan!
A core component of your retirement plan is the CPP retirement benefit (or Québec Pension Plan for Québec residents, which mirrors many aspects of the CPP). CPP offers flexibility as to when payments can begin, which affects how much you could receive. Familiarizing yourself with CPP provisions can help you decide when to start payments and optimize the benefit throughout your retirement.
When most of us think of year-end tax planning, we typically consider our personal situation. Yet, there are many tax-opportunities for business owners to explore as we near the end of another calendar year. The following tips assume your business is unincorporated or your corporation has a December 31st year-end, although some tips may also apply to corporations with an off-calendar year-end.
To take full advantage of the tax-deferred growth available when investing in a tax-free savings account (TFSA), many Canadians strive to maximize their TFSA contributions as early in the year as possible. However, while the goal with a TFSA should be to contribute as much as you can within the limits of your available contribution room, you also need to be mindful not to over-contribute
With the end of the year fast approaching, Canadian taxpayers will want to consider all the tax planning opportunities available to them. Which year-end planning strategies apply to you will depend upon your specific circumstances and objectives. The IG Wealth Management Year-end Tax Planning Checklist can help you understand what opportunities are most suited to you.