How Much Will I Need To Retire?

Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. However, people with similar incomes often have different spending and lifestyle habits. This can affect their actual income needs in retirement. It is still important to Read more about How Much Will I Need To Retire?[…]

What About your Digital Estate?

The primary purpose of estate planning is to make sure all your affairs are dealt with in a timely, cost effective manner. Our world has become more and more electronic based over the past few decades, and will only become more so. Many of our “things” are actually digitally based today. Consider the following in Read more about What About your Digital Estate?[…]

Tax Planning Strategies For Sole Proprietors

Sole proprietorship’s are the most basic form of business organization. They are actually an extension of the person and are taxed as such. Due to its simplicity, many business start-ups begin as this form of organization. As your business grows, there are numerous taxation benefits to setting it up as a corporation. Speaking to a Read more about Tax Planning Strategies For Sole Proprietors[…]

Small Daily Choices Lead To Financial Freedom

  Most people want financial freedom over financial servitude. Who doesn’t want to be financially independent, where their money is working for them rather than working for their money? The problem for most Canadians is that financial freedom can be a struggle of living paycheck-to-paycheck or where spending tends to win out over savings. Ultimately, Read more about Small Daily Choices Lead To Financial Freedom[…]

The 183 Day Rule

The 183-Day Rule: Important Information for Snowbirds Do you migrate south to avoid the cold, harsh Canadian winters? As a snowbird, there are numerous United States tax policies that you should be aware of. If you are not mindful of these tax regulations, you could be responsible for paying U.S. income tax or face penalties Read more about The 183 Day Rule[…]