The FHSA is a tax-free savings account for first-time home buyers. It offers the opportunity to save $40,000 on a tax-free basis and is designed to help Canadians save for a down payment.
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Buying a new home is a significant life event that affects your cash flow and has financial, tax and insurance implications. As wealth advisors, we can help you stay focused on the big picture with a comprehensive look at your complete financial picture – before you buy.
Being philanthropic doesn’t just make you feel good, it’s also one of the top characteristics of wealthy people. We’ve outlined some key considerations that can help you build a solid charitable giving strategy..
There is another option for some retiring Canadians to make sure they have sufficient cashflow to support the lifestyle they choose: a reverse mortgage. Learn how wealthy retirees can use this tool to free up cashflow.
If you are looking at opportunities to maximize your tax return, income splitting – the ability to use the lower tax rates of other family members to decrease the personal tax bills of you and your family – may meet your needs.
When is the best time to sell this significant asset? Downsize to a bungalow? Move to a new condo? What about a retirement complex that provides extra services?
A trust is a powerful wealth planning tool that may allow you to get specific about how you want to transfer your wealth to beneficiaries. Read these four case studies.
Whether you’re considering changing jobs, switching careers or leaving your job entirely to discover your passion, be sure to give careful thought to the financial implications.
Take some key steps before the end of the year and early in the new year from a tax planning perspective to make a positive impact on your overall finances.
Like any major life-changing situation, some basic financial preparation in the present can help to alleviate some of the practical difficulties and challenges when you’re eventually faced with widowhood.
This year’s International Women’s Day theme, ‘Inspire Inclusion’, reminds us that when women support other women, they create a collective power that helps overcome barriers and drive inclusion.
If you are age 55 or older, and thinking about retiring, or already retired, reviewing your options with your Advisor may assist in maximizing your benefits and minimizing your tax bill at retirement.