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What is the most urgent financial resolution for YOU?

on Tue, 01/05/2016 - 04:19

While the new year just rolled around, most of us would have thought of a "new year resolution". Regardless what is your resolution, improve your finances should be a part of it. Improve - there is always room for improvement :)

No matter where you are financially, you should start/continue to save in TFSAs, since our Liberal government had rolled back our 2016 TFSA contribution room, if you were 19 in 2009 (and had done absolutely nothing on it), you would have accumulated $46,500 TFSA contribution room by now.

What to do to save tax in Canada?

on Mon, 10/05/2015 - 22:55

As a financial advisor, I always have discussion with clients and prospect on cashflow management, tax strategies and saving strategies. Whereas tax strategies seems to be one of the most brought-up issue (knowing that we pay high tax in Canada, this probably not surprising). 

The Canadian taxation system is a gradual system, the more income you earn, the more tax you pay. If you are not sure how much tax you should pay, CRA has listed what percentage how much income should be taxed. If you want to know the exact amount you need to pay based on your income, Ernst & Young has an online

How do I save when I have no money left?!

on Tue, 04/08/2014 - 20:20

Isn't this a line you have in your head when your financial advisor suggests a saving plan for you? If you don't have a financial advisor, isn't that a line you have in mind when you read stories on how people managed their finances on the paper?

Yes, it does sound impossible when you have no money to SAVE. How? I mean, seriously, HOW?

Here is how: Pay Yourself First

This is an old rule but it is the golden rule that works. Treat yourself as a bill payment that you cannot afford to skip (like a mortgage payment). Put all expenses down including yourself and then create a budget.

Lots of


Try to trust your advisor, more

on Wed, 10/16/2013 - 19:30
Sometimes I feel really disappointing when prospects (or even clients) under estimate what we, advisors, can do for them and keep thinking we can't help them in anything if they don't have money (or they need the money to "spend").
Of course, it is a lot harder to try to turn around if you don't earn enough or you have limited assets, but that doesn't mean we can't do anything for you, as we, advisors often have different strategies to help you to stretch your dollars (that is even more important when you don't have enough money).
Here are a few examples:
1. a client who had $65k in

Release of "What to look out for when running your own business" video

on Sat, 11/10/2012 - 15:33

After a few weeks of compliance reviews and busy schedule, we have finally got the video on the Power Expo done. For more info on TruFinancial at Power Expo, please visit my blog.


"What to look out for when running your own business" workshop

There are several important factors to consider beforehand, when starting your own business venture, and this Workshop will provide the necessary steps on:
- how to be prepared for your start up
- how to decide whether to be 'Incorporated' or not
- how to get funding for your venture
- how to pay yourself in a tax efficient way
- who to

How to choose the correct policy and juggle between your budget

on Thu, 11/10/2011 - 07:34

Haven't writen another blog for some time, it was quite busy and also attending the Small Business Summit had added extra pressure and workload as well....

Anyway, in order for you (the readers) understand how I function, I decided to write about the process of how I structured an insurance plan for a client....

So, this is a referral from another client, she was 53 at the time and she told me that her term policy would be up very soon. Considering her mortgage and everything, we decided to check the pricing of $300K coverage.