Beware of Buying Investments before the end of the year

Beware Of Buying Investments Before End Of The Year

It’s the beginning of December, and Bob has purchased a rental property from his brother. Imagine how unfair it would be if Bob had to pay tax on his brother’s rental income for the entire year. Fortunately for Bob, that’s not the case, but this can happen when you purchase an investment in a non-registered account. Today, we’ll look at the dangers…

Should You Be Using More Than One Financial Advisor?

Should You Be Using More Than One Financial Advisor?

Instances of clients using multiple advisors rose after Bernie Madoff’s Ponzi scheme was revealed during the 2008 financial crisis. However, in good or bad times, multiple advisors can lead to higher fees and lost efficiencies. Ponzi Scheme Protection Nobody wants to be the victim of a Ponzi scheme, so using multiple advisors sounds appealing as…

Retirement Plan Leads to $900,000 in Savings

Retirement Plan Leads to $900,000 in Savings

Here is a real-life example of how two tweaks to a couple’s retirement plan, saved them over $900,000. For this video, we start by going over Donna and Steve’s (names have changed for confidentiality reasons) background and going over a few assumptions that need to be made. Follow along as we find out what their…

The Bear Market Playbook

The Bear Market Playbook

As we find ourselves in a new bear market, let’s review three different strategies for making the most of this market condition. The Bear Market Playbook bases each strategy on a different risk tolerance level.   Option 1: Poke the Bear Rebalance Your Portfolio Rebalancing your portfolio is the process of making trades to move…

Where Should I Invest?

Where Should I Invest?

Today I will be discussing an option that business owners have when they have some cash inside the corporation that they do not need to fund their business. The question is “I have some money.  Where should I invest? Inside my corporation, or should I invest it personally inside an RRSP?”   Two Options Imagine…

Sell Now and Buy Back Later

Sell Now And Buy Back Later?

Why don’t we sell and get back in once it’s better? Trust me, I would love to do that for you, but the risk isn’t worth the reward. To begin this analysis, let’s go over your two options Ride the wave Get out and then get back in   1.Ride the Wave Strategy With this…

What should you do

What should you do?

As the US stock market (S&P 500 index) has officially closed in correction territory (down 10% from its previous high, bear markets are 20% declines), the question is, “What should you do”? To answer this question, we first need to consider – how common are market corrections? How often do they experience 10% drops? Looking…

How did your portfolio do in 2021?

Did Your Portfolio Make 21% in ’21?

Did your portfolio make 21% in ‘21? As you begin to receive your 2021 annual reports & statements, one of the questions you should be asking yourself is, “how did I perform in 2021?” Understanding your rate of return is important so up can compare how you stacked up against the global equity markets. By…

Tax Planning Strategies - Part 4

Tax Planning Strategies: Dealing with Capital Gains (Part 4)

Wanda has been investing for a long time and is quite familiar with buying when prices are low and selling when prices are high. Past non-registered account purchase In 2010, she had purchased $100,000 of ABC Corp, and today, it’s worth $250,000. Wanda is now ready to sell her investment as she believes the stock…

Tax Planning Strategies - Part 3

Tax Planning Strategies: Tax-Loss Selling (Part 3)

Tax-Loss Selling Judy bought $400,000 of ABC Bank shares in her non-registered account. Today her ABC Bank shares are worth $375,000, and she is showing a $25,000 loss. Judy plans on holding these shares for the next ten years, so she isn’t overly concerned with the short term drop in her investment. For this week’s…

Tax Planning Strategies - Part 2

Tax Planning Strategies: 4 Strategies You Should Implement this Year (Part 2)

It’s the beginning of December, and Bob has purchased a rental property from his brother. Imagine how unfair it would be if Bob had to pay tax on his brother’s rental income for the entire year. Fortunately for Bob, that’s not the case, but this can happen when you purchase an investment in a non-registered…

Managing Your Portfolio in Retirement

Managing Your Portfolio in Retirement

  Managing Your Portfolio in Retirement The financial industry tends to make things more complex than they need to be. As a result, topics like this usually go in one ear and out the other. My aim with this webinar is to simplify this topic by providing an explanations (in simple English). This webinar will cover topics to be aware of as you approach or are…

Retirement What You Need to Know

Retirement: What You Need to Know

    You’ve worked hard for decades, and now that you are approaching or entering retirement, you could find yourself exposed to significant taxes without the proper strategies in place. Keep more of what you’ve built and enjoy the retirement you deserve.   This complimentary video will cover the following topics: Am I on track…

How Commuting Your Pension Allows You To Manipulate Your Income

How Commuting Your Pension Allows You To Manipulate Your Income

Deciding between commuting your pension or opting for the monthly income stream is a big retirement decision that contains several complexities. In this brief 3-minute video I provide clarity on the benefits of taking the commuted value compared to the monthly income stream. If you’d like to discuss your personal situation and explore your financial…

Is Farmland a Good Investment?

My immediate response would be, who’s asking? An investor or a farmer? Because their goals for the farmland are completely different. Farmers have multiple reasons why farmland would be a good investment beyond simply looking at the rate of return. For this analysis, let’s look at it from the perspective of an investor. This could…

How to Properly Manage a Retirement Portfolio

How to properly manage a retirement portfolio

  Are you tired of turning on the nightly news and worrying about how the day’s events are affecting your retirement portfolio? Are you worried about the day-to-day fluctuations of the stock market? This week we take a look at how to properly manage your retirement portfolio with the Bucketing Strategy so that you can…

How I Became Passionate About Money Management

Growing up, the local credit union in my town set up a program where kids could bring money to school with them and have it deposited into their bank accounts. Every month, I would try to fill up my deposit envelope as much as I could. I’d save my birthday money, my allowance, and whatever I could find in the couch. I would retain a few dollars for myself, so I could afford to buy candy, but other than that it all went towards my savings. Looking back, I wasn’t…