Ontario Dentist Article – Split Dollar CI
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 […]
Are we in for the Roaring 20’s 2.0 PART 2!
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 […]
Are we in for The Roaring Twenties 2.0? Let’s not repeat the same mistakes.
The “Roaring Twenties” began after the 1918-19 global pandemic and ended when the stock market crashed in 1929, ushering in the Great Depression. Among several reasons for the crash, an overheated economy driven by out-of-control, debt-fuelled consumer spending was partly to blame. In 2021, as we look to the post-COVID-19 future that is hopefully […]
What is a TFSA?
A TFSA is a Tax-Free Savings Account to which you can contribute at age 18 or older. Here’s how you can benefit from a TFSA: You don’t pay tax on any money earned in a TFSA or on money you withdraw. There’s no contribution deadline, which means you can contribute to a TFSA at any time. […]
RRSP Season is Here!
A Registered Retirement Savings plan is an important part of smart financial planning. Not only do RRSP contributions help you plan for your future, they also reduce how much you have to pay in income tax. Your annual RRSP contribution limit is 18% of the prior year’s earned income to a maximum of: 2020 = […]