Split income from joint accounts

 March 05, 2025 |John Hastings CFA MBA
Many couples assume they can split income from joint accounts to minimize their tax bills, but that’s not always the case. According to Canadian tax rules, each spouse must report income based on their individual contributions to the account. For example...
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How Corporate Wealth Transfer Can Preserve Your Asset

 March 05, 2025 |John Hastings CFA MBA
The Corporate Wealth Transfer strategy is common planning strategy that helps business owners transfer surplus assets held in their Canadian Controlled Private Corporation (e.g. a holding company). This approach is ideal for those with excess cash or...
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Unlock your (or your child's) path to homeownership; The ultimate guide to Canada's new-ish Tax-Free First Home Savings Account

 October 29, 2024 |John Hastings
In 2023, Canada launched the FHSA (Tax-Free First Home Savings Account), a new financial tool designed to help first-time home buyers save up to $40,000 tax-free. Think of it as a hybrid between the RRSP and TFSA: you get the tax-deductibility of an RRSP...
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Need a will? Check out Epilogue

 October 25, 2024 |John Hastings
If only we were to get a dollar for every client who either tells us they don't have a will, or that it hasn't been updated for a long-time.... As part of our offering, we do provide those qualifying clients with a will and estate consultation through...
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FHSA - Another savings accounts, another acronym

 April 15, 2024 |John Hastings
After being announced earlier this year, finally we have some more info to share on the First home savings account ("FHSA"). Our team has put together the piece below for further reading. On first glance, this can be a great tool for those looking at...
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