The Deadline The normal tax-filing deadline for Canadians is April 30th, but this year April 30th falls on a Saturday, therefore you have until May 2nd to file your tax return. If you or your spouse/partner had self-employment income in 2021, you have until June 15th to file your return(s). Either way, if

Hello, Tuesday March 8, 2022 was International Women’s Day and the theme for this year was “Gender equality today for a sustainable tomorrow”. Women have made incredible strides, both professionally and personally, in the last half century. They are better educated, have greater responsibility in the corporate world and are

Hello; The purpose for life insurance is to make sure that the ones we care about the most will always be taken care of. Whether you are hard to insure or have health issues, we can help put a plan in place at Brandon Lindsay. Can I get life insurance

Hello; Arranging the smooth transfer of assets to heirs can be a challenge for many reasons.1 (Manulife Nov. 2021) The first one relates to time. Often, probate is required before instructions can be carried out and your beneficiaries can receive their inheritance – and the process of obtaining probate can be a

As the end of the year quickly approaches, like me you are probably looking forward to enjoying the upcoming festive season. However, along with your last-minute shopping, another activity which makes sense at year end is tax loss selling. When it comes to investing, they can’t all be winners. Sometimes

Hello; A will is a key component of an effective estate plan. Advertisements for do-it-yourself will kits leave the impression that one need only fill in a few blanks to create a legally enforceable will. Be careful! ¹ (Sunlife) Risks with do-it-yourself Wills You may miss out on tax and

When people think of Life insurance, at the heart of it, it’s about taking care of loved ones. They see life insurance as a tool that protects people they care about from the potentially devastating financial losses that can result from a premature death. However, life insurance can also help

Hello; Financial stress can affect more than your wallet; it can have a ripple effect, impacting your health and relationships. The relationship between mental health and finances in some instances are dynamically linked. Stress is an important reaction that helps protect you from danger. When experiencing stress, your body releases

Everyone has financial goals. Maybe you’re saving for a vacation or buying a car. You might be looking to purchase a home or cover a child’s education. Funding retirement is another common goal. Your own goals could be any combination of these – or you may have others as well.

More than 1.49 million women and almost 445,000 men become widowed in Canada every year. (Source: Statista.com)  The death of a spouse is emotionally devastating and you will need time to grieve. When you’re newly widowed, you need to think clearly and make good decisions in the midst of your grief.

In times of uncertainty or stress, it can be difficult to make the right investment decisions because we often let emotion or intuition guide us. We are less likely to spend time carefully sifting through all the pros and cons. This default behavior can be an obstacle when trying to

Hello; Have you ever faced a decision of trying to choose between an RRSP (Registered Retirement Savings Plan) and TFSA (Tax Free Savings Account)? This is a question I get asked often. Hopefully, this blog will give you the insights to help you decide. A Little Background on RRSPs An

Hello; A key element of retirement income planning is the sources of retirement income, a major one of which is government benefits such as CPP. The importance of CPP retirement benefits will range from trivial to significant. To get handle on CPP, here are a few central questions answered about

Hello; How much do we really need to retire? Perhaps you have concerns that, at your savings rate, you won’t have enough money saved to retire without having to dramatically lower your standard of living. Are these fears justified? Or could it be that we’re being too hard on ourselves

Hello; Have you ever wondered what it would take for your money to double? What is the Rule of 72? It is essentially a rule that can help you estimate how soon your investment will double based on an annual rate of return. To determine this, all you need to

Hello; The TFSA is an important, flexible and versatile part of any financial plan. A TFSA allows any Canadian resident (age 18 or older) to save for just about anything – including retirement – without paying any tax on the growth within the account or on withdrawals. It provides the

Hello; Over the years, we have received numerous questions with regards to estate planning. Here are a few estate planning inquiries with true or false explanations.1 (Scotia Estate and Trust Services) Common-law and legally married spouses are now treated equally for all purposes under the law. False. In Ontario, only legally

Hello; Estate planning encompasses many things such as providing for loved ones, mitigating or avoiding probate, minimizing taxes, providing for the orderly distribution of assets, protecting assets and planning for incapacity. The utilization of a segregated fund in one’s estate plan allows your beneficiaries to receive your money without having

Hello; There was a recent survey conducted to individuals over the age 90 in the USA. They were asked: Report 3 things they would of done differently if they were given the opportunity to relive their lives? One desire was: they reported their wish to do something that would live beyond

Hello; We receive this question a fair bit – Do you invest your money and slowly pay down your credit card debt or focus entirely on reducing your credit card debt? Think of this as another way, every dollar you own in credit card balances is a dollar you are not

Hello; The survivor pension is a monthly benefit paid to an individual who, at the time of the contributor’s death, is the legal spouse or common-law partner of a deceased contributor. (CRA Website). Assuming that the deceased contributor met eligibility criteria, the amount of the survivor’s benefit depends upon:  Nuts and

Hello; As another cottage season is well underway, we are always reminded of how many fond memories and good times have been had there, and how many friendships have been formed over the years. It’s also an opportunity to reflect on who will take over the cottage when the owner

Hello; Here is a description of each work retirement plan and some key differences: Defined Contribution Plan (DC) This plan is one where contributions into the plan are based on a specific formula and the sum of accumulated contributions and growth, credited to a plan member, are used to purchase

Hello; Here are some reasons why permanent life insurance is very valuable: Provides liquidity when it’s needed. If you’re primarily invested in real estate, a private company, or other illiquid assets, where’s the cash going to come from to pay taxes owing when you’re gone? Life insurance can solve the