A Tax-Free Savings Account (TFSA) is your ticket to flexible, tax-free growth—whether you’re saving for a dream vacation, a home project, or to build a financial cushion. In a TFSA, every dollar you earn and withdraw is completely tax-free.   New Year, New Limit! Starting January 1, 2025, the annual TFSA contribution limit is $7,000, […]

As the year comes to a close, our wealth management division wanted to remind you of a couple of key deadlines. Whether you, your child, or grandchild are saving for a first home or planning for their education expenses, we have strategies to help you make the most of your money.   First Home Savings […]

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 […]

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 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 […]

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 […]

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 […]