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How does it make sense to insure kids?!

on Sun, 03/24/2013 - 15:06

*photo credit: Heart and Stroke Foundation

Do you find it funny or weird why people are talking more on starting to insure their children?

I know, it might sound weird and even scary... but if you can open your mind and look beyond the "insurance" name... here is what the facts are... Our childern face high risk since the first day they were born! This is a scary news piece from yesterday... 

- Have you had any experience on kids breaking their leg after a ski trip? Broken their arm after going to the park? Children are always active, this is normal and common.
- Do you know, in Canada,

One stop for your T-slips

on Sun, 03/24/2013 - 11:37

 

April, this is the "taxation month". Everyone is working to get the T-slips together. Have you had an experience that you know how you have been waiting on one more tax slip in order to do your taxes? How does it feel? 
 
Well, many people would like to file their income tax return as soon as they can, not just to beat the rush, but since most of us are being employed, we have usually a tax refund coming back, so we would like to have access to that money sooner than later.
 
So, you know there is one place you can access all your T4-slips, avoiding the wait altogether?

What does the federal budget 2013 mean to YOU?

on Sun, 03/24/2013 - 08:47

 

As a financial advisor, I make a point of keeping current with issues that pertain to the financial health of my clients and their families.
 
Last week, Finance Minister Jim Flaherty delivered his federal budget for 2013. Here is an overview of budget highlights that may affect your financial plan.

Small business owners  

Tax on dividends out of your small business corporations will increase about an overall 2%, that is not a very good news, but dividending out your money is still has lower tax rate than having a salary from your corporation.

A recent change on Service Canada's web access

on Fri, 02/22/2013 - 18:22

I previously wrote a post What is my CPP going to look like? on how to set up your account with Service Canada, so that you can check how your CPP looks and see your "Record of Employment"s online. 

So, it turns out they have made changes recently. We no longer need "Access Key" to get into the site. On the My Service Canada Account page (http://www.servicecanada.gc.ca/eng/online/mysca.shtml), you either a first-time user or a returning user, for those who had an access key already, the transition steps are pretty straight forward.

New steps to registration for access to Service Canada's

How to pay yourself effectively

on Wed, 02/06/2013 - 11:53

"Entrepreneurship and Small Business" series, #5 (#4 How to manage your business; #3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

When you start running your own business, everything comes down to you.

How to lock in your rates?

on Wed, 01/09/2013 - 12:03

Step away from short-term rates
Ladder your investments for a blended rate

If you think interest rates will go up, but don’t know when, consider laddering. A laddering strategy gives you a simple, long-term approach to investing your money by letting you stagger the dates you reinvest.

How does Blended Rate Laddering work?

Step 1

We divide your investment into 5 equal redeemable Ideal Term Funds. All of your money earns the same blended interest rate on the initial terms.

Laddering - Step1

The maturity dates of each of the five term funds are from one to five years.

How to manage your business

on Tue, 12/25/2012 - 03:28

"Entrepreneurship and Small Business" series, #4 (#3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business#5 How to pay yourself effectively; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

Now you have got most of your rhings set up and you had started your business for some time, these are things you might need to look into at this point so that you can

Things to consider when you start your business

on Mon, 12/24/2012 - 18:00

"Entrepreneurship and Small Business" series, #3 (#2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business; #4 How to manage your business; #5 How to pay yourself effectively; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

You might have a great idea but running your own business is often more complex than you think.

What you should do before you quit your full time...

on Tue, 12/11/2012 - 13:55

"Entrepreneurship and Small Business" series #2, (#1 What needs to be prepared before you start your business; #3 Things to consider when you start your business; #4 How to manage your business; #5 How to pay yourself effectively; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

Can't stand your boss? Frustrating on the job you have now? Are you fed up of working for someone else? At the same time, you have found something inspiring, you have passion for?

What needs to be prepared before you start your business

on Tue, 11/13/2012 - 14:31

"Entrepreneurship and Small Business" series, #1 (#2 What you should do before you quit your full time; #3 Things to consider when you start your business; #4 How to manage your business; #5 How to pay yourself effectively; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

More and more people are starting their own businesses nowadays.

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