May 6, 2022

Inflation Is Not the Only Challenge

Statistics Canada reported higher inflation in February 2022. The Consumer Price Index rose 5.7% compared to a year ago as of February 2022. Commodity prices have skyrocketed as a result of the current Russia-Ukraine conflict.…

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April 11, 2022

New Home Savings Account a “Substantial” Measure for New Buyers

The federal government proposed something “substantial” for first-time homebuyers in Thursday’s budget with the introduction of a new savings account, says Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth. Read the full article from “Advisor’s Edge"…

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Carly HoffmanComment
March 31, 2022

Time for a Vacation Property Chat?

If you plan on passing down your cottage, cabin or chalet to your children, make sure they actually want to own the property. Finding out where everyone stands will prevent family conflicts down the road and help you with tax and estate planning…

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Carly HoffmanComment
March 24, 2022

Is Cryptocurrency for Investors or Speculators?

Can you name three things you can pay for with cryptocurrency in Canada? If you’re like most Canadians, you’re probably struggling for an answer, and this illustrates what makes cryptocurrency so unusual. Without fulfilling its purpose as a viable currency, it has become a worldwide investment phenomenon…

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Carly HoffmanComment
March 18, 2022

Single? Estate Planning is Still Important

It’s natural to think that estate planning for a single person would be less involved than for someone who’s married with children. But that’s not necessarily the case. Many estate planning measures that are made automatically by a married individual, such as leaving estate assets to their spouse, require more time and thought for a single person…

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Carly HoffmanComment
March 10, 2022

What to do When Retirement Approaches

When retirement arrives, you want to enjoy this new chapter in your life – not start off with a multitude of financial decisions and to-dos. You can have comfort instead of chores by taking care of a few financial matters as retirement is approaching…

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Carly HoffmanComment
February 24, 2022

Market Volatility: Russia’s “Peacekeeping” Operation

On Monday, the Russian government announced that they were officially recognizing Donetsk and Luhansk, two selfproclaimed separatist republics in eastern Ukraine. Read the full article by Dynamic Funds® Chief Investment Strategist: Myles Zyblock BA (Hons.), MA, CFA…

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Carly HoffmanComment
February 17, 2022

Save Tax by Splitting Income with Children

When you think of income splitting, what first comes to mind is likely moving taxable income to a lower-income spouse. But several income splitting opportunities with children are available and worth exploring. The more income you can transfer to others in a lower tax bracket, the more tax you save as a family…

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Carly HoffmanComment
February 10, 2022

Are RRSPs Still the Best Choice?

In retirement, there’s a tax-saving strategy called “topping up to bracket.” It’s used when funds in a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF) will eventually be withdrawn when you’re in a higher tax bracket…

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Carly HoffmanComment
February 3, 2022

How to Keep Your TFSA Aligned wth Your Goals

For 2022, you can contribute $6,000 to your Tax-Free Savings Account (TFSA), bringing the cumulative total of TFSA contributions to $81,500, or $163,000 between a couple. This means that a TFSA can help meet any investment objective…

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Carly HoffmanComment