“We’re in a transition period to a world where interest rates are going to be higher than what many people have gotten used to.” Governor of the Bank of Canada, Tiff Macklem. May 18th, 2023 As we move into a new normal of higher interest rates, a much different economy from the one we experienced […]

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. Effective April 1, 2023, the government of Canada officially approved the First Home Savings Account (FHSA) to help alleviate some of these difficulties, and financial institutions are working towards making […]

Save taxes using Canada’s array of Registered Investment Accounts A registered account is an investment account with preferred tax status from the Canadian government. The most common Registered accounts are: RRSP- Registered Retirement Savings Plan TFSA- Tax-Free Savings Account RESP- Registered Education Savings Plan RDSP – Registered Disability Savings Plan RRIF- Registered Retirement Income Fund […]

A cornerstone of good portfolio management is proper diversification. In simple terms: don’t put all your eggs in one basket! The Real Estate Fund owns 88 high-quality, income-producing Canadian properties valued at $3.8 billion. This real estate fund does not own individual residential real estate in the neighbourhoods we live in. It owns a diversified […]

Many dentists, whether Associates or Practice Owners, will incorporate a Dentistry Professional Corporation (DPC). Usually, they will do this once they are billing enough that they do not need every dollar to meet their current expense obligations (including paying down student debt). One question we get a lot is whether dentists should take the money […]

Which investment style is right for you in the post-pandemic world? After coming through the whip-saw stock market of March 2020, most investors have generally seen a rise in their portfolio value. In many cases those returns are some of the best we have seen in a decade of a generally rising bull market. Consider […]

You’ve worked hard to earn a profit in your company…..now what do you do with it? Profit up to $500k in a DPC is taxed at a combined rate in Ontario of 12.2%.  This is one of the lowest tax rates you will ever pay.  Once you’ve paid this tax, does it make sense to […]

Throughout the financial press, so-called experts are warning of the return of inflation. Should we be worried? Nobody likes rising prices for their everyday expenditures. But if the companies you’ve invested in are able to charge higher prices, shouldn’t that mean more profit and rising stock prices for your portfolio? We are still in the […]

The current edition of Ontario Dentist recently contained a short article on Critical Illness insurance (CI). The article refers to the Split Dollar CI strategy (i.e. using a combination of corporate and personal dollars to fund CI premiums) that I’ve been advocating for a several years.  read my perspective below on the article and on […]

We hope you enjoyed “Are we in for the Roaring 20’s 2.0”   Now here is Part 2! As we look to the post-COVID-19 future that is hopefully just ahead, the stage is set for a period of rampant consumer spending that could look a lot like the 1920s. A decade that ended very badly […]