Maximize Giving, Minimize Taxes: Charitable Strategies That Work
Charitable giving is a noble act that can make a significant difference in the world. By understanding the various tax-efficient strategies available, you can maximize your impact while minimizing your tax burden.
The Role of Technology in Modern Financial Planning
Technology is revolutionizing financial planning, replacing manual calculations with modern tools like financial apps and AI for more efficient future planning.
Intergenerational Homeownership: Risk or Reward?
With housing costs soaring, joint property ownership can help young adults and their parents achieve homeownership together. By sharing mortgage responsibilities, expenses, and building equity, both generations benefit financially. However, careful legal and financial planning is essential.
Retirement Planning: Navigating the New Landscape
Retirement planning has never been more complex—or more critical. In the past five years, changing tax rules, shifting pension structures, and global uncertainties have created new challenges for Canadians nearing retirement. Whether your goal is tax efficiency, wealth preservation, or legacy planning, Connect Wealth is here to guide you through this evolving landscape.
Combining Finances: A Key Step for Your Relationship
Combining finances with your partner is a significant milestone in any relationship, whether you’re getting married, moving in together, or starting a family. This decision requires careful consideration and open communication to ensure a smooth transition and mutual understanding. In this blog post, we’ll explore three essential aspects to discuss before taking this important step.
Alternative Asset Class For Business Owners
Whole life insurance can serve as more than just a safety net. It can be a strategic asset that offers unique benefits such as tax-deferred dividends, guaranteed returns, and the opportunity to access the cash value of the policy as collateral for a loan. This makes it an excellent financial planning tool for high-net worth individuals or business owners.
2024 Federal Budget Highlights
The 2024 budget appears to be fairly benign on the surface. And for those who are getting started in life, there are some beneficial helps. For business owners and corporations, the new capital gains inclusion rate has items that we need to be paying attention to. Capital gains inclusion rate Personal Investments The inclusion […]
Gifting vs Lending: How to Help Your Adult Kids
As parents, we always want to support our children in any way we can, including financially. However, deciding whether to gift or loan money can be a complex decision, and it’s important to carefully consider the implications of each option.
Prep for Retirement: 4 Must-Do Steps!
Retirement means more time for the things you love, but many Canadians aren’t sure where to start. Planning for your financial future is just as important as the decision to retire. In this blog post, we’ll walk you through four essential steps to take before you retire. Let’s make your retirement journey smooth and secure!
Tax-Free Money for Your First Home
Canada’s First Home Savings Account lets you stash away $8,000 annually, up to a max of $40,000, all tax-free in and out. Watch your savings grow tax-free, and if home plans change, seamlessly transfer to an RRSP. It’s a no-brainer for financial success!
