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 [...]

Should NHL Players Open a Corporation?

Should NHL Players Open a Corporation?Tax Season: Part 5 discusses when should NHL players open a corporation. If you haven't had a chance to watch Parts 1 to 4, check out the videos below. Tax Season: Part 4 Tax Season: Part 3 Tax Season: Part 2 Tax Season: Part 1   Opening a corporation is an opportunity available to players [...]

RCA Trust

Tax Season Part 4: RCA TrustsTax Season: Part 4 discusses RCA Trusts. An RCA Trust is an option for players playing in Canada to help mitigate some of the higher taxes they will have to pay. RCA stands for retirement compensation agreement. Let's discuss an overview of: how the trust works how you use it the biggest benefit of the [...]

Tax Season: Part 3

The Residency Decision, Tax Season Part 3In the Tax Season: Part 3, we take a look at one of the tax planning opportunities available to players.   If you haven't had a chance to watch the first two videos, check out the videos below. Tax Season: Part 2 Tax Season: Part 1   The residency decision In this example, we will [...]

Tax Season: Part 2

Tax Preparation, Tax Season Part 2Tax Preparation In Tax Season - Part 2,  I dive deeper into what exactly tax preparation is and what you should look for. Whether you're a do-it-yourself tax filer or hiring someone to do it for you, it can help you understand what questions you should ask and what questions they should be asking you. [...]

Tax Season: Part 1

Tax SeasonTax season is here Your season is in full swing. It's a new year and playoffs will be here before you know it. For most North American professional hockey players, tax deadlines and playoffs are around the same time. The timing is not ideal. Instead of waiting until just before the deadline, I encourage you [...]

The Advice You Should Be Getting

Pro Hockey Player, Financial AdviceThe advice you should be getting It's not enough to just receive basic investment and financial advice. Professional hockey players can benefit from a more holistic approach. An approach where the financial advisor facilitates all of the financial options that are available. Let's use an example. You are on the power play, and it runs [...]

The Number One Reason

Financial Advisor, The Number One ReasonThe Number One Reason Investing will forever see its ups and downs, but over the long term markets have continued to grow. Having a professional in your corner during the tough times (March 2020) will help assess the situation at hand and steer you towards the correct decision. A decision in this case that was [...]