Family values are often defined as the moral and ethical principles and ideas that define behaviour in different situations. It is clear from their actions that the Jackson’s family values encompass loyalty, consistency, helpfulness, and reason. Mick Jackson’s dad, Rick, was a Financial Advisor for thirty years. When he was diagnosed with heart issues in 2000, Mick left an inside … Read More
Family Fun Day July 20
Saturday July 20th 12:00 – 4:00pm Mike Weir Park Pavilion 2354 Lakeshore Road, Brights Grove, ON Food, fun, games and activities for all ages. Bring the whole family, children and grandchildren. Come for an hour or stay for 3… fun for everyone!
When do Your need a Power of Attorney?
Hopefully, you’ll never suffer an illness or disorder that seriously impairs your cognitive functioning. But if you ever suffer such a condition, you may lose the ability to manage your finances – from paying bills to making investment and income decisions. And you could be vulnerable to financial fraud. This is when you want a power of attorney, or mandate … Read More
Leaving More to Your Heirs
Imagine a $1 million estate including $200,000 of stocks in a non-registered account, a $300,000 Registered Retirement Income Fund (RRIF) and vacation property valued at $500,000. But it’s not $1 million to the heirs. There’s a $100,000 capital gain on the stocks and a $300,000 capital gain on the vacation property. At a 50% marginal tax rate, tax payable is … Read More
Next Best Thing to Saving Tax Now
The federal government has recently taken away several tax advantages enjoyed by individual Canadians and businesses, from ending tax-free switching of corporate class funds to removing key benefits of income sprinkling. Though some immediate tax-saving methods are gone, tax-deferral methods remain – and that may be the next best thing. Deferring tax is not just a matter of postponing the … Read More
When You Own a Business
If you’re a business owner thinking of retirement, finding a successor isn’t your only concern. You need to determine whether you want to remain involved with the business. For some owners, it’s an easy decision – they’re ready to make a clean exit. But for others, the business remains part of their identity. They prefer maintaining ties to the business … Read More
Retiring Gradually
According to the 2016 census, one in five Canadians aged 65 and over were working, with 30% of this group working full time. Some continued in their regular jobs, while others became consultants, entrepreneurs and new business owners. Although many seniors work strictly for income, others are motivated by the wish to keep physically and mentally active, enjoy social interaction … Read More
How to Keep Your TFSA Aligned With Your Goals
This year, you can contribute $6,000 to your Tax-Free Savings Account (TFSA), bringing the cumulative total of allowable TFSA contributions to $63,500, or $127,000 between a couple. This means that a TFSA can help meet any investment objective. Your first decision You need to look at all components of your financial plan and decide where TFSA investments can help you … Read More
Should You Name an Adult Child as Executor?
When deciding on an executor, or liquidator in Quebec, it’s quite common to name an adult child to administer the estate. But if you have more than one child, it’s a decision to make with caution. Here’s a look at the pros and cons of going this route when siblings are involved. You can name two or more children as … Read More
“I’d Like to Talk to You About a Loan”
If you haven’t experienced it already, you may one day. A friend or relative is in dire straits and asks you for a loan. In some cases your instincts might tell you right away how you feel about the request. If the person is a loved one with a genuine need you may be only too glad to help out. … Read More