Category: Tax Planning
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 […]
Read more »
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?
Read more »
SAVING FOR RETIREMENT?
Jan 22, 2022
In 2015 BMO wealth management conducted a study that found retired Canadians spend on average $28,800 per year. Adjusted for inflation, that number is $32,000 per year in 2021. Simply put, that means if you retire at age 65 and live to 90, you will need $800,000. Assuming a 6% annual rate of return, here’s […]
Read more »