EDUCATION CENTRE

Introduction Most people think tax season happens in April. But by the time April arrives, most of your tax decisions are already made. That’s where many individuals lose opportunities to reduce taxes and improve their financial outcomes. There are actually two tax seasons. Understanding the difference can change how much of your income you keep. […]

Treat your password like your toothbrush. Don’t let anybody else use it and get a new one every six months. ✅ _____________________________On a serious note, we not only make it a point to speak with our clients about the need to secure their passwords but also to ensure their Executors and Powers of Attorneys know […]

Despite decreasing home prices, Canadians now need to earn more income to afford a home. This is due to rising interest rates and its impact on the stress test. Homebuyers now must earn between $8,660 – $35,760 more in additional annual income to buy a home in June 2022 compared to March 2022 (www.ratehub.ca).

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 […]

where would you invest it to generate the most after-tax income?