In our view, success in business and in life can be measured by the ability to make a positive difference in the lives of others. Many of the wealth-holders that we support have also come to realize that their personal financial success and comfort, while nice to have, is not what ultimately gives their life…
Investments
2019 TFSA Contribution Room
Tax-Free Savings Accounts (TFSA) are a flexible vehicle for accumulating savings on a tax-free basis. Contributions must be made from after-tax sources, however, all growth achieved within the account including any eventual withdrawals are considered tax-free. The annual TFSA limit for 2019 has now been increased to $6,000. However, the annual limit is only applicable…
Distribution Confusion
Have you ever noticed your portfolio’s value drop on a day when the markets are seemingly moving in a positive direction. This may leave you scratching your head but don’t fret, this phenomenon is most likely due to the payment of an annual distribution from the mutual fund that you hold. Throughout the year, your…
The Common Sense Path to Long Term Wealth
October was a bumpy ride for equity investors. However, this return to more normalized volatility in the markets provides an ideal time to review some common sense principles to live by that will not only help your portfolio survive, but thrive through difficult periods. Below are 12 common sense principles that I’ve adopted from one…
Contributory Professional Retirement Savings Plan (CPRSP)
Physicians understand the need to save for retirement. With patient demand for family doctors outpacing the number of available physicians, there is little opportunity to sell ones practice in the way that a dentist could to fund retirement. Fortunately, the Contributory Professional Retirement Savings Plan (CPRSP) benefit is available to assist eligible physicians practising in…