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Your Year-End Financial Checklist

Posted by on Dec 13, 2017 in Articles |

As 2017 winds down, assess your finances and get them new-year ready. Your overall quality of life is directly related to the overall quality of your finances. So as one year ends and the next is about to begin, take some time to be sure you’re making the right choices financially. That will make for a truly happy new year. Set a budget And stick to it. With the holidays fast approaching, you need to create a realistic budget that will allow...

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More Canadians Are Retiring With Debt

Posted by on Nov 14, 2017 in Articles |

As people’s work years draw to a close, many still owe a lot of money. Most people hope to be debt free by the time they hit retirement, yet many still carry large mortgages, lines of credit and other kinds of consumer debt. According to Statistics Canada, 34 percent of retired people over 55 are still carrying debt, while a 2017 Equifax Canada report found seniors are increasing their debt loads at a much faster pace than other Canadians....

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How to Keep Your Business Running in an Emergency

Posted by on Oct 24, 2017 in Articles |

Business owners need to prepare for the unexpected. Here’s what you can do to ensure your company can keep going when you’re not around. You were hit and killed by a bus last night.  How does your business look today?  Will it keep running now that you’re no longer around to oversee it? Are your business, business associates and family facing a chaotic mess? “That all depends on whether or not a business owner or partner has planned for an...

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Taxation Update 2017

Posted by on Oct 19, 2017 in Articles |

Proposals impacting private corporations   On October 16 and 18, 2017, Federal Finance Minister Bill Morneau released new measures designed to counterbalance the proposals that were previously announced on July 18 of this year. This summary contains highlights of these new announcements and modifications to the previous proposals, which are not yet law. Clients should contact their Investors Group Consultant for information on how these...

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New Incorporation Rules and the Impact on Your Business

Posted by on Oct 10, 2017 in Articles |

The government recently announced that it wanted to change some long-standing tax rules on incorporated business. Here’s how these changes might impact you and your business. Should you incorporate? Until recently, the answer was fairly simple: if you needed to use all the income you made in a given year, then there wouldn’t be much of a tax benefit to incorporating. If some money wasn’t needed for personal use, but rather could be kept inside...

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Income For All

Posted by on Sep 8, 2017 in Articles |

Ontario has begun offering a guaranteed minimum income for some of its residents. What is basic income and how does it work? Could there come a time when all our basic needs are paid for by the government? That’s the question many economists and politicians around the world are starting to explore. With automation altering the future of work and studies showing that financial stress can lead to unhealthy life choices, there’s a growing movement...

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