Canada Life is announcing major changes to their disability insurance offering for new policies issued to General Practice Dentists (GPDs).  If you are already a Canada Life policy holder or if you are not a GPD there are no major changes. See the short section at the bottom of this email for details.   What […]

Investment fees used to be hidden from view, but recent competition has made them more transparent and lowered costs—great news for investors! For years, Canada’s major banks dominated retail investing, introducing professional investment management to the public. But now, with new entrants and innovative technology, investors have more choices than ever. Not only has this […]

Will your children be able to afford the Capital Gains Tax on the family cottage? In Canada, your principal residence is excluded from any capital gains taxation upon its sale. Any subsequent properties you own, like the family cottage, will incur capital gains taxes upon sale or inheritance. With this, one of the greatest financial challenges […]

CI pays you a tax-free lump-sum in the event that you are diagnosed with a serious illness. There are 25+ ”covered conditions”, but the most common are cancer, heart attack, stroke and MS. CI can allow you to travel to another country to expedite treatment, or pay for drugs, home health care or other expenses […]

Exploring investment and savings options in Canada Registered Education Savings Plans (RESP) Navigating financial planning for education can be complex, especially when planning for a child’s future education costs. Registered Education Savings Plans (RESPs) are a crucial tool in Canada for parents and guardians aiming to save for post-secondary education. Am I eligible to open […]

Exploring investment and savings options in Canada First Home Savings Accounts (FHSA) Rapidly rising home prices and higher interest rates have made it increasingly difficult for Canadians to save for a down payment on their first home. In April of last year the government of Canada officially approved the First Home Savings Account (FHSA) to […]

Exploring investment and savings options in Canada Tax Free Savings Accounts (TFSA) Navigating financial planning for all Canadians can be daunting. It can potentially be a bigger challenge for newcomers or those returning after studying abroad. As we explore various savings options in Canada, we explain the Tax-Free Savings Account (TFSA), its eligibility criteria, and […]

Exploring investment and savings options in Canada Registered Retirement Savings Plans (RRSP) Navigating financial planning for ALL Canadians can be daunting. It can potentially be a bigger challenge for newcomers or those returning after studying abroad. As we explore various Saving options in Canada we explain the Registered Retirement Savings Plan, its eligibility criteria and […]

How to invest for the future as a foreign-trained dentist. As a foreign-trained dentist in Canada, focusing on saving for the future goes beyond mere financial stability; it’s also about enhancing professional development and harnessing the power of compound interest. By initiating smart planning today, you are laying a strong foundation to enjoy the lifestyle […]

The federal budget’s proposed increase in the capital gains inclusion rate has some asking:  “Should I trigger my gains now?” Some of the loudest noise emanating from the series of budget announcements is how capital gains will be taxed after June 24, 2024.  Prior to this date, when you have a gain on the sale […]