RRSP Benefits: How They Can Help Now *The numbers in this video are for Illustration purposes. Please check with your Accounting Professional for your exact personal return balances and amounts. An RRSP Contribution can generate an income after filing your taxes. The contribution can be deducted from your income. In Ontario if someone makes 50,000/year […]
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https://youtu.be/I3pswNCGCP0 Segregated Funds – A Closer Look As investors become more concerned about managing risk in their portfolios and protecting their principal, Segregated Funds, with their guarantees and unique estate planning features are more in demand. Segregated Funds can give you the growth potential of Investment Funds with the security of insurance guarantees. There are
Joining Accounts and Houses Could be a costly mistake for your family: Parents typically want to leave as much as they can to their children with little headaches. You need to be careful, there are tax and inheritance traps that can cause problems. The most common mistakes, result in inheritance conflicts, the payment of
Pay Yourself First What does Pay Yourself First Mean? “Paying yourself first” means that you should pay your own savings and investment accounts first. Here are some examples: Paying into your RRSPs Buying Insurance like Life Insurance Save for emergencies Set yourself up with Living Benefits Pay off your debts and don’t take on new ones!
4 Benefits to Volunteering in Your Community 1. Volunteering your expertise Volunteering your area of expertise will not only help others in your community that are in need, but it can also come back to help you later. People involved in the organization or project will notice your skills and won’t think twice about recommending
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Newton Financial explains to Ben how an RRSP can help him in the future and the present. We showed Ben that not only is he saving money for retirement , it will help him out yearly on his tax return as well. An RRSP Contribution can generate an income after filing your taxes. The contribution can
It is very important that you understand the cost of a mutual fund. This is known as the Management Expense Ratio (MER). I break it down for you in this video. To further understand the Management Expense Ratio (MER) also watch this video. Here is a great video to understand how I make commission income.
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12 Tips To Prevent Financial Stress Over The Holidays 1. Stick to a budget and don’t over spend 2. Shop for sales and don’t pay full price 3. Do a gift exchange and don’t buy for everyone 4. Do a potluck dinner and don’t have it catered 5. Shop online for sales and don’t pay
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https://youtu.be/X3kG7zlb4m8 Before we get into the reasons why you should have Critical Illness Insurance, let’s explain what it is. Critical Illness Insurance is designed to help with costs associated with Life altering illnesses such as Cancer, Heart Attack or Stroke. Critical illness coverage provides a lump sum payment, tax-free, if you are diagnosed with a
The Deadline is approaching quickly: The legislation changes that were introduced in the 2012 budget by the Department of Finance will affect life insurance policies issued as of January 1st, 2017. If you are saving money inside your corporation, to spend, or pass through your estate, Life Insurance should be considered… but the tax
Deadline Approaching Read More »