To Sell or Not to Sell: That is the question when it comes to the new capital gains tax increase
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 […]
Consider buying – or switching to – life insurance to protect your mortgage
With summer fast approaching, many Canadians will be getting a new mortgage or renewing an existing one. If you have a mortgage, you’ll want to protect yourself with insurance – either mortgage life insurance or personal life insurance. But which is the better option? Although mortgage life insurance might seem like the logical choice, it’s not what […]
PURIFYING YOUR DENTISTRY PROFESSIONAL CORPORATION
The Royal College of Dental Surgeons of Ontario (RCDSO) has established different rules for Dentistry Professional Corporations (DPCs) from those that apply to non-dental small businesses in Ontario. Most small business owners have a holding company (Hold Co or a corporation without active business operations) that directly owns the shares of their Operating Company. This structure […]
What is your retirement number?
When it comes to retiring, the crucial question to answer is: What’s my number? Embarking on your retirement journey is a highly individual experience and establishing your personalized “Retirement Number” is the first step towards securing the golden years you envision. At Protect, we understand the distinct needs of individuals, especially those in the dentistry field, […]
Mortgage Insurance vs. Life Insurance: Which is the better option
With summer in full swing, and the real estate market at a peak of activity, Canadians are qualifying for mortgages in droves. If you get a mortgage, you’ll want to protect yourself with insurance – either mortgage life insurance or personal life insurance. But which is the better option? Although mortgage life insurance might seem […]
Maximizing Your Wealth: Tailored Investment Solutions for Your Financial Goals
As a Dental Professional, you spend countless hours studying, practicing, and utilizing your knowledge and unique skill set to give you the opportunity to earn a healthy income. It’s important for you and your family to have a tailored wealth management solution in which you have the utmost conviction, to grow, protect, and enjoy your […]
Higher for Longer: Adjusting your Portfolio for a Higher Interest Rate World
“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 […]
FHSA – First Home Savings Account
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 […]
RRSP or TFSA – which one is right for me?
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 […]
THE REAL ESTATE FUND A Great Way to Diversify
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 […]