Last week I spoke about four things to look for when deciding who to get financial advice from. Another question to ask yourself is Who is in control of my money and my future? Are you in control or is another entity? What do I mean by another entity? Is your money and how you … Read more
After last week’s post about being careful who you get financial advice from, here are four things to look for when deciding who to get financial advice from: 1. Competence and Professionalism. The quickest and easiest way to identify their competence and professionalism is their industry designations. This tells you if they have taken the time and spent … Read more
I had a conversation the other day with a gentleman. He had received a letter from his bank that informed him of the new terms and conditions attached to his accounts. One head scratching condition was that they could change the terms of his guaranteed investment account at any time. This could include extending the … Read more
Here is the scenario. Imagine if you were purchasing a house and you were offered the following mortgage: You have to pay the principal back, but you aren’t told what the interest rate is going to be, and you have to pay the big lump sum of accrued interest all in one shot after 30 … Read more
Over the last couple weeks, I have been speaking about the Untaxable Wealth system. You may be asking yourself how this is different from other programs? • Provides more tax-free income • Employer sponsored Tax-Free Strategies—Provides tax deductible solutions that are tax neutral for business owners and individuals • Provides solutions that can generate significant … Read more
Last week I spoke about the need to make your savings untaxable. This week the federal budget was released and our federal deficit is projected to be over $40 billion. This included a change to make the top 1% of income earners pay more in tax. Considering that our economy is being slowed down to … Read more
In Ontario, the top marginal tax rate is 53.53%. Tax rates can’t go up any higher. Can they?? Although 53.53% seems like a lot, historically it is quite low. Can you believe that between 1936 and 1980, the top tax rate exceeded 70%, maxing out at 92-94% in the 1940’s and 1950’s? Considering that both … Read more
Have you noticed all the headlines recently about taxes going up? Property taxes going up between 3-8% depending on where you live. On April 1st the carbon tax is increasing, making gasoline and home heating more expensive. The alcohol tax is going up, and there is a new tax on luxury cars and boats. In … Read more