Published on Jan 26, 2018
Although blockchain technology is a complicated concept to comprehend when you begin to dig deeper, its basic concept is not so difficult to understand. It's simply a database of a string of blocks (transactions) that are validated by a network of computers, rather than a central authority, like a bank or government.
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Published on Jan 19, 2018
Did you realize that this last minute approach to retirement saving and investing means that your nest egg will likely be smaller than if there was proper planning of regular monthly contributions?
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Published on Jan 19, 2018
The beginning of the year is as good a time as any to review your financial plan and it also means we all gain another $5,500 of TFSA contribution room. Whether you should invest in a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) is a question that affects many investors.
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Published on Jan 17, 2018
The federal government is targeting income sprinkling, amounts paid from a private corporation to family members, in the form of salary, dividends or other sources of income which are deemed not to be reasonable. Amounts deemed not reasonable would be taxed at the highest marginal tax rate currently 53.53% in Ontario.
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Published on Oct 11, 2017
Registered Disability Savings Plans (RDSP's) are a very effective financial planning tool for your loved ones who live with a mental illness, however, the details can be daunting, even overwhelming. That being said, my goal is to share some important information so that you have an understanding of how RDSP's work.
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Published on Oct 11, 2017
The DTC is one of the most beneficial tax credits available to Canadians who suffer from one of many diagnosed disabilities. Unfortunately, many Canadians that would qualify are not currently benefiting from it. Some of the reason for this is the stigma around the word 'disability' and a lack of understanding for what qualifies for the DTC.
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Published on Jul 7, 2017
Many accountants are aware of the Individual Pension Plan (IPP). However, at Spiegel we are aware of the Personal Pension Plan (PPP), the evolution of the Individual Pension Plan (IPP), offering enhanced benefits of an IPP. It is a Canadian tax-savings solution for business owners, incorporated professionals and those retiring with a...
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Published on Jun 15, 2017
Many client-advisor relationships are focused almost exclusively on amassing wealth. Certainly it is important to preserve and grow your wealth in order to afford your preferred lifestyle and save for the future. Then, once the future has arrived, it's time to be more focused on maintaining that preferred lifestyle in retirement.
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Published on Feb 16, 2017
This article will be brief, albeit cover an important topic about understanding the changes in 2017 surrounding the reporting and transparency of performance and costs of wealth management advice. Phase 2 of the Client Relationship Model (CRM2) has been a move in the right direction of transparency for Canadians.
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Published on Dec 8, 2016
More and more Canadians who understand the true financial costs of major disease are turning to Critical Illness Insurance to gain peace-of-mind and protect their savings. Critical Illness Insurance (CII) provides a tax-free lump sum payment to the beneficiary who has contracted or suffers from a major disease.
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