by Small Business Accountants | Feb 1, 2024 | 2024, Blog, business owners, estate planning, Family, financial advice, financial planning, individuals, investment, personal finances, Professionals, Retirement, RRSP, Tax Free Savings Account
Tax-Free Savings Account vs Registered Retirement Savings PlanWhen looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the...
by Small Business Accountants | Oct 31, 2023 | Blog, Family, investment
How to get the most from your savingsSaving for the future is cornerstone of financial planning but it can be trickier to get to grips with than it seems. There are a wealthof different types of product on the market to choose from but the first step starts with...
by Small Business Accountants | Apr 30, 2023 | Blog, Family, individuals, life insurance
Before buying insurance from your bank to cover your mortgage, understand the difference between self owned mortgage life insurance and bank owned life insurance. The key differences are ownership, premium, coverage, beneficiaries and portability.Ownership:Self: You...
by Small Business Accountants | Mar 29, 2023 | 2023, Blog, business owners, dental benefits, Family, financial planning, individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
by Small Business Accountants | Jan 31, 2023 | Blog, Family, health benefits, life insurance, retirees, Retirement, RRSP
Most of us understand the benefits of sensible retirement planning. Still, it doesn’t feel relatively straightforward when it comes to creating your retirement strategy and putting it into effect. The reality is that, while there are lots of variables to...
