Financial Planning: The Charter Way

5 reasons to have a plan: 

  1. Prioritize your financial goals: For example, if you buy a new car now, will you have enough savings later to buy a house or go back to school? Which of these goals is most important to you?
  2. Save money to reach your goals: You may find it easier to save when you know what you’re saving for.
  3. Focus on the bigger picture: Your financial plan considers everything from watching your spending to managing your investments to minimizing your taxes.
  4. Organize your finances A financial plan can help you balance spending and saving, keep track of expenses and manage debt
  5. Worry less about money: With a plan, you’ll know where you are today and how to get to where you want to go.

Talk to us for a complimentary review. 

Ontario Budget 2017

Ontario Finance Minister Charles Sousa delivered the province’s 2017 budget on April 27, 2017. The province’s 2017 budget is balanced, with projected balanced budgets for 2018 and 2019.

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Understanding the Registered Disability Savings Plan

The federal government implemented the Registered Disability Savings Plan on December 1, 2008.  The RDSP is a savings plan designed specifically for people with disabilities in Canada.

In the infographic, we highlight the key points of the RDSP:

  • Canada Disability Savings Grant: For every $1 put in an RDSP account, the federal government can (if your family income is below $87,123) match with up to $3.
  • Canada Disability Savings Bond: For people living on a low-income, the federal government will put in $1,000 each year for 20 years.
  • Anyone can contribute to someone’s  RDSP (friends, neighbours, family members, etc).
  • There is a lifetime contribution limit of $200,000.
  • People with disabilities can choose what to do with the money when it comes out.
  • The RDSP is exempt from most provincial disability and income assistance benefits. It does not get clawed back and it does not reduce disability benefits payments.

The RDSP can be complicated, please talk to us for a complimentary review.

 

Nova Scotia 2017

Nova Scotia Finance Minister Randy Delorey delivered the province’s 2017 budget on April 27, 2017. The budget anticipates a surplus of $25.9 million for the 2017-2018 fiscal year, $35.6 million for 2018-2019 and $46.6 million for 2019-2020.

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Shared Ownership Critical Illness

Shared Ownership Critical Illness offers business owners and incorporated business professionals a way to access the retained earnings in their corporation or provide benefits to a key employee.

Talk to us to see how we can help you.

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Federal Budget 2017 Families

Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for families.

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Federal Budget 2017: Business

Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for businesses.

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Alberta Budget 2017

Alberta Finance Minister Joe Ceci delivered the province’s 2017 budget on March 16, 2017. The budget anticipates a deficit of $10.3 billion for the 2017-2018 fiscal year, $9.7 billion for 2018-2019 and $7.2 billion for 2019-2020.

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Estate Freeze

Protect your heirs from steep tax burdens through executing an estate freeze

Almost half of Canadian business owners do not have a transition plan for their business, according to a 2015 CIBC poll.

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BC Budget 2017

BC Finance Minister Michael de Jong delivered the province’s 2017 budget on Feb. 21, 2017. The budget anticipates a surplus of $295 million for the current year, $244 million in 2018-2019 and $223 million in 2019-2020.

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