Starting in January 2021, you may notice that your pay is slightly lower than it was last year. This is due to the increase in your Canada Pension Plan (“CPP”) contribution rate. Any employed person in Canada, with income greater than $3,500 (up to the Yearly Maximum Pensionable Earnings or “YMPE”), must contribute a portion …
Are you one of the many investors who are awaiting the results of the US election to make an investment decision? Well, don’t waste another minute of your life worrying about it. I have a bold prediction…regardless of who wins, there will be a market drawdown of at least 15% during their term as president. …
Presidential Terms and their long-term impact on the market Read More »
Picture this, you’re in your peak earning years, have long-term plans or goals, and you are presented with a severance package. For some, it can be incredibly devastating news. For others closer to retirement, it could be viewed as a blessing in disguise. Regardless of your scenario, there are many factors to consider when you’ve …
A recent poll by the Angus Reid Institute has shown that 51% of Canadians do not have a will. Toss in the number of people who have outdated wills that have not been reviewed since being locked away in a safety deposit box, and you likely have a small minority of Canadians with proper wills. …
No more excuses. Don’t have a will? Get it done in less than a night… Read More »
The past six months have proved to be very emotional times for all of us. The pandemic has brought on fear and uncertainty into what the short term may bring in our lives. Some of us are dealing with job loss, decreased income, or a drop-in value to our retirement savings. That is a lot …
10 Steps to take the Emotion out of Financial Decisions Read More »
“At TMFG, we review our clients’ tax situation annually. And that typically starts with a review of the most recent tax return and notice of assessment. From these reviews, I have seen many different attitudes when it comes to the results. But, more often than not, most are quite happy to receive a refund. Now, …
For those who are fortunate enough to continue working, you’re likely doing so from home. Other than the benefits of gaining commuting time back to spend with the family and the savings in commuting costs (i.e. fuel, transit, parking, etc.), are you missing out on any other benefits? According to the Canada Revenue Agency (“CRA”), …
Working from home due to COVID? You may be entitled to some tax benefits… Read More »
I’ll be the first to admit, I am not a techie by any stretch of the imagination. If it’s anyone in the office, it’s Rob. That said, I have found myself using much more technology than I ever did since the onset of COVID-19. And, to tell you the truth, it’s making my life so …
Technology to make social distancing much more tolerable Read More »
Ignore the noise. Don’t get emotionally involved. Stick with the plan. This is essentially our mantra in managing our clients’ portfolios. Don’t get me wrong, I don’t for a minute take this for granted. It can be a very difficult thing to do, especially when it feels like everything around you is falling apart. What …
Really? Stocks could go up huge or go down huge?!?! Thanks for the sage investment advice, CNBC. It floors me to know that there are still people out there who rely on fear-mongering articles, such as this, to help guide their investment decisions. There is literally no new information in this article. Yes, there is a …
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Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.
