Articles
These unfair tax policies are putting a burden on women and seniors and need to be changed now
Here’s a scenario I’ve seen several times in my career as a wealth manager. A retired couple that receives two full CPP payments and two full Old Age Security (OAS) payments is able to fully split their income for tax purposes. Then one spouse dies. The survivor only receives one CPP payment, no OAS, and…
Read MoreFINANCIAL FACELIFT: Can Olivia and Larry retire early with an ideal income of $10,000 a month?
Below you will find a real life case study of a couple who are looking for financial advice on how best to arrange their financial affairs. Their names and details have been changed to protect their identity. The Globe and Mail often seeks the advice of our VP, Wealth Advisor, Matthew Ardrey, to review and…
Read MoreWhy investors should pay for all investment fees out of non-registered accounts
The Department of Finance Canada’s recent letter to the Canada Revenue Agency (CRA) stating that paying investment fees for registered accounts out of non-registered accounts does not constitute a tax advantage is a big win for investors, who are now free to pay their investment costs from any source they choose. There are various advantages…
Read MorePensions 101: The importance of understanding your pension
I have been involved with the Financial Facelift articles since 2013 and in the financial planning industry since 2000. In my time working on the Financial Facelifts, I have been asked many questions about my calculations and recommendations; but bar none, questions about pension calculations have been the most frequent. With that in mind, there…
Read MoreFINANCIAL FACELIFT: What can I do to be more financially successful as I enter my 40s?
Below you will find a real life case study of an individual who is looking for financial advice on how best to arrange their financial affairs. Their name and details have been changed to protect their identity. The Globe and Mail often seeks the advice of our VP, Wealth Advisor, Matthew Ardrey, to review and…
Read MoreThis alternative to stocks and bonds is gaining a following among wealthy investors
I hear a lot of the following these days: “The stock market is too volatile and there is a recession coming. I am nervous about stocks.” “With interest rates so low, I will lose money owning bonds after tax and inflation.” “Preferred shares have not performed very well over the past few years so I…
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