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It is that time of the year again - Taxes

It is that time of the year again - Taxes

It is that time of the year again, you are getting ready and gathering information to file your income tax returns.  If you are a procrastinator, or not particularly organized, this time can be very stressful. Whether you prepare your returns by yourself or have them prepared professionally, you will still need to gather all the necessary information in order to proceed.

Mistakes You Want to Avoid in Retirement

Mistakes You Want to Avoid in Retirement

Failing to adjust your expenses to reflect your new reality can wreak havoc on your retirement. After many years of working it can be hard to adjust expenses to your new income. This might involve things like less dining out, reducing the amount of vehicles you own, downsizing the home you live in as well as many other possible changes. More than ever you will benefit with a new realistic budget to keep you on track. A Financial Advisor specializing in retirement income planning is best suited to assist you with this.

Steps to Creating the Perfect Household Budget

couple speaking to a financial expert

We are not all born with an incredible financial skillset.

Learning how to create a budget and live your lifestyle according to that budget doesn’t happen overnight. Just like driving a car or washing the dishes, these skills must be learned. It can take some time before you master them, and that’s okay. All that matters is that you’re taking the necessary steps to live a more financially-conscious lifestyle.

Let’s look at some of the most important steps to creating a perfect household budget!

Taking Advantage of the Equity You Have Built up in Your Real Estate Can Cause Unexpected Tax Issues

Homeowners hugging outside of their house.

The real estate market’s meteoric growth over the last several years has created higher equity for many Canadian property owners. But taking advantage of that equity can create tax problems. Caution is advised if you purchased a property as a rental property several years ago. It has likely appreciated significantly in value. The mortgage interest on the rental property is likely tax-deductible currently. If you choose to refinance that rental property and put that money to work elsewhere, you will no longer qualify for a full interest deduction.

The Importance of a Consistent Process for Managing Your Investments

Woman financial planning at home.

Consistency in your approach to investing and your personal philosophy play a key role in your investment success. This focus leads to a predictable outcome. Your ability to look past current events and remain focused is what leads to better results. This is especially important when you are retired and rely on your assets to provide you with a stable income. A process like this involves a few key steps with a planned and coordinated effort.

The Importance of Independent Advice

A man speaking with an independent advisor.

When you are looking for a new financial advisor, there are many things that you should consider. One question that you should be asking the financial advisor or planner is: are you independent?

Tips for Effective Asset Management

Woman planning her investments and managing finances.

If you have to ask how much it is, you can’t afford it – that’s a thumb rule we all know. Some of us have also encountered its corollary statement – Money is invaluable in all walks of life. We are all guilty of thinking about how to strike a balance between our monetary needs today and tomorrow. The fear of outliving our retirement corpus or inflation rates devouring our profits makes us think, and think hard about our finance management.

Halton Wealth Management Investments, a 2022 ThreeBestRated® award-winning Financial Services Firm, shares tips for effective asset management in this article.

Top 5 Questions to Ask Your Financial Planner

A man speaking to a female financial advisor

Do you have an upcoming meeting with your financial planner?

Regardless if it’s your first meeting or an annual visit with your financial planner, it’s important that you arrive prepared. You should have a general idea of what to keep track of, so that you can make changes to your plan necessary, to better fit your goals. When you arrive prepared with the right questions and documents, you can expect to get the most out of your meeting.

Read on and explore the top five questions that you should ask your financial planner.

Top 6 Benefits of Working with a Wealth Management Firm

Working with a financial advisor

Are you worried about your financial future?

Stress regarding your finances can truly affect your quality of life. You deserve to feel confident and at peace with your long-term financial plan. That’s where assistance from a wealth management firm comes into play. The experts at a wealth management firm can help you create long-term goals, plan for retirement, monitor your assets, and more. There are so many benefits to working with a wealth management firm, let’s take a look at a few of them.

Universal Life Insurance – One of the Best Tax Shelters Available

Adults discussing a life insurance policy over coffee.

Universal Life Insurance remains one of the best tax shelters available to Canadian investors. Depending on several factors (like age, smoking status, family history, health, and lifestyle), you can purchase permanent, non-cancellable insurance at a rate that will never increase or a yearly renewable term (YRT) to 100 (your choice) to meet your individual insurance needs.

Useful Steps to Help You Choose the Right Financial Advisor

Woman meeting with a financial advisor.

Numerous studies by various financial institutions were conducted to determine the benefits of working with financial professionals over the years. The value of working with a Financial Advisor varies by individual, but choosing the right Financial Advisor is a major life decision that can determine your financial trajectory for years to come. 

Although it is not always easy to find the right Financial Advisor, there are some steps that if taken, can guide you through this process.

What About Those Fees?

Financial advisers calculating fees and numbers.

The subject of investment fees is becoming a big part of the discussion between the regulators and public. When it comes to your investment returns, the fees you pay really matter. Overpaying in fees can reduce the value of your portfolio over time.

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Monday - Friday
9:00 am - 5:00 pm

Evening Appointments Available: Meetings available at place that is convenient for you.