25 April, 2024 Financial Planning

Planner's Corner: Bare Trusts

You may have heard about the need to report bare trusts when filing your tax return from your accountant or financial institution. Below we provide information on what is a bare trust, why it is important, what the recent commotion was about and my thoughts...

22 December, 2023 Financial Planning

Planner’s Corner: CPP Expansion

Working Canadians 18 and older make Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions based on their earnings between a fixed exemption amount of $3,500 and the year’s maximum pensionable earnings (YMPE) threshold. The YMPE amount is...

22 December, 2023 Financial Planning

Mungerisms: Words of Wisdom From Charlie Munger

The world recently lost an investing icon with the passing of Charlie Munger at the age of 99. As the Vice Chair of Berkshire Hathaway, Mr. Munger was Warren Buffett’s sidekick for the past 45 years. This dynamic duo created one of the most admired businesses...

10 October, 2023 Financial Planning

Planner’s Corner: Fees are important, other considerations.

With the impact of inflation on our finances, it’s timely to review all spending including investment fees. For GIC and high interest account investors, the rate you receive is your rate. Behind the scenes, the advisor receives a portion of the commission...

28 April, 2023 Financial Planning

Planner’s Corner: Embracing Retirement

Just as the seasons of the year each have unique beauty and challenges, so do the seasons in our lives. Retirement is like the Fall/Winter season. My primary concern for many who are transitioning into retirement is not financial, it’s how they adjust...

04 January, 2023 Financial Planning

Planner’s Corner: First Home Savings Account

The Canadian government has introduced First Home Savings Account (FHSA), a new tax-advantaged account that can help Canadian residents who are at least 18 years old to purchase their first home or those who have not owned a home in the preceding four...

06 October, 2022 Financial Planning

Planner’s Corner: Determining the Right Lifestyle: How Much is Enough?

This Planner’s Corner is based on the August 2022 Kingdom Advisor Study Group “Financial Lifestyle: Determining How Much is Enough.” So how do we determine how much is enough? Starting with the Biblical principle that God Owns It All, the author of the...

27 May, 2022 Financial Planning

Planner’s Corner: When Is the Ideal Time to Take OAS and CPP?

The federal government has two main programs to help with expenses in retirement. Canada Pension Plan (CPP) benefits are based on contributions and Old Age Security (OAS) is based on residency....

23 December, 2021 Financial Planning

Planner’s Corner: Mental Health, TIPS

Recently I was on a conference call hosted by Canada Life about mental health. The acronym used to help with our individual mental health is TIPS....

01 October, 2021 Financial Planning

Planner’s Corner: How Much Does God Want Us to Keep?

This Planner’s Corner explores the Biblical principles of “God owns it all; we are stewards of what God has given us” and “contentment” and is based on an article by Rob West, President of Kingdom Advisors, a professional association of Christian fin...

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