Category: Business Owner
IMPORTANT TAX DATES TO REMEMBER
Dec 30, 2022
No advisor can guarantee a future rate of return, but a good advisor can always guarantee a level of tax savings. There are 5 categories of tax planning:1. Income Deferral2. Income Splitting3. Tax Sheltering4. Income Spreading5. Tax Credit Maximization Ongoing tax planning is the key to reducing your tax burden, while increasing your income.
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Bank of Canada hikes key interest rate to 3.25%
Sep 12, 2022
The Bank of Canada raised its benchmark interest rate three-quarters of a percentage point on Wednesday and signaled that the key rate “will need to rise further” to tackle high levels of inflation. The central bank’s policy rate now stands at 3.25 per cent. This marks the fifth rate hike so far in 2022 — Canada’s key interest rate […]
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RENTERS VS. OWNERS – By The Numbers
Jul 22, 2022
WHY EACH RATE HIKE EQUALS MORE PAIN FOR CANADIANS Roughly 2/3 of Canadians are homeowners, and about half of them own their homes outright while the remaining have some sort of mortgage debt attached to it. During the pandemic home prices increased by about 50% on average, due to low-interest rates. However, the inflated home […]
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If you had $10,000 to invest annually over 15 years…
Jun 11, 2022
where would you invest it to generate the most after-tax income?
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