It’s a question we are often asked when funds are withdrawn from registered accounts. The concept of withholding tax can be understandably confusing without having a basic understanding of the tax system. Before we distinguish withholding tax from taxes payable, let’s complete Tax 101. What is income tax? It is a tax that the federal …
In April 2022, the Federal Government of Canada announced their budget for 2022. The top priority of the budget is the housing market in Canada. We have seen substantial growth in the housing market in the past 20+ years. This growth has made it difficult for many Canadians to own their own home. The Government …
WealthProfessional.ca: “For many Canadians, retirement will be spent in Canada, possibly in the city in which they have spent their working lives. But for others, the dream is to retire to another country and there’s one destination that stands out above others according to a new analysis of global Google search data by financial comparison …
Which country would Canadians most like to retire to? Read More »
Entrepreneur.com: “You just walked in the door from an exhausting day at work. You’re hungry and spent, just wanting to catch your breath for a minute. You grab something to eat and then veg out in front of the TV. The next thing you know, you’ve just binge-watched five episodes of the latest Netflix show. …
The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk Read More »
“Happy Birthday to you. Happy Birthday to you. Happy Birthday dear mom. Happy Birthday to you! Now, let’s talk about your estate and who will look after the distribution when you pass away.” Not the warmest of segues to be heard at a birthday celebration. However, unless it is done, a very important conversation that …
The correlation between those who do their taxes early and receive a refund is very high. Why wouldn’t it be? Having an unaccounted-for amount of free cash flow coming in is exciting. However, what we do next with the tax refund is most important. While some people fall guilty to the mental accounting of thinking …
BNNBloomberg.ca: “Canadian consumer price inflation jumped to a new three-decade high in February, cementing expectations the Bank of Canada will aggressively hike interest rates in coming months to rein in price pressures. Annual inflation was 5.7 per cent last month, up from 5.1 per cent in January, Statistics Canada reported Wednesday in Ottawa. That’s the …
Inflation surges 5.7% as prices spike most since 1991 Read More »
Have you ever had a phone call or received an email that made you think twice about its legitimacy? Perhaps a threatening tone if you didn’t comply or promises of a monetary prize that you can collect? All too often we hear of situations where people have been defrauded out of thousands of dollars due …
Tax season is upon us; this is a difficult time of the year for most people. But here at The McClelland Financial Group, our focus is on simplifying and enhancing the financial lives of Canadians. This past year was hectic for real estate investors, whether moving from your principal home, buying a rental property, or …
I was leaving Shoppers Drug mart and looked at the magazine rack. It’s funny how there are far more Special Edition Guides, or “Best of” magazines versus regularly scheduled editions. And of course, the price of these “Special Editions” are closer to $20 rather than $7.99. One magazine in particular caught my eye. It was …
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.
We have a team of advisors each specializing in varying portfolio sizes. Please let us know the approx. amount of your investable assets to help us to direct you to the advisor that is best suited to you.
