Blog
Understanding Taxes Payable at Death in Canada
A common belief among Canadians is that they will be taxed on money they inherit. However, Canada does not impose an inheritance tax. Instead, after someone passes away, their final tax return must be filed, covering the income they earned up to...
Understanding the Registered Education Savings Plan (RESP)
Planning for your child’s education can be both exciting and overwhelming. The rising costs of post-secondary education make it important for parents and families to consider the financial tools available to help ensure children have the...
Getting Ready for Money Emergencies
Life can throw unexpected events your way that can hit you in the wallet. Whether it's falling ill, getting laid off, or facing hefty repair bills for your car or home, these situations can strain your finances. To stay ahead and avoid falling into...
Exploring the Value of Group Benefit Plans for Your Employees
In today's ever-evolving workplace landscape, employees place a premium on several key factors: 1. Alignment with employer values, especially sustainability. 2. Achieving a harmonious work-life balance. 3. Assistance in coping with the rising cost...
How To Use Insurance To Provide Your Family With Financial Protection
How To Use Insurance To Provide Your Family With Financial Protection The best way to provide your family with financial protection is with solid insurance planning. These three types of insurance will ensure your family has the financial resources...
Empowering Your Family’s Financial Future: A Comprehensive Guide to Budgeting
Taking charge of your family's financial well-being through effective budgeting is a crucial step in securing a brighter future. We'll explore the significance of budgeting and provide practical tips to help you manage your money wisely while...
Stay Ahead in 2024: A Comprehensive Checklist for Federal Tax Updates
With the upcoming 2024 Canadian tax rule changes, it's important to review your financial strategies. We’ve identified the key changes that we expect to influence financial decisions for investors, business owners, incorporated professionals,...
2024 Federal Budget Highlights
On April 16, 2024, Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: An increase in the portion of...
Manitoba’s 2024 Budget Highlights
On April 2, 2024 the Manitoba Minister of Finance announced the province’s 2024 budget. This article highlights the most important things you need to know about this budget, broken into 2 sections:Personal Tax ChangesBusiness Tax ChangesPersonal...
Tax tips to know before filing your 2023 income tax
This year’s tax deadline is April 30, 2024. It’s important to make sure you’re claiming all the credits and deductions you’re eligible for. We’ve separated this article into 2 sections: What’s new for 2023Individuals and FamiliesWhat’s New for...