Protecting Your Wishes with a Will
Planning for your own death is a difficult concept to embrace. No wonder we often choose to avoid thinking about how our loved ones will be affected when we die. However, in doing so we tend to ignore important issues such as the support of a surviving spouse, the long-term needs of a disabled child […]
How to keep more of your money by beating taxes
If you live in Ontario, chances are a big portion of your money goes to tax. In fact, if you are a high-income employee with a salary of over $220,000, you are paying a marginal tax rate of 53.5%. The government, split between the provincial and federal bodies, takes over half of your money just in income […]
Tips for a Successful RRSP Season in 2016
Retirement planning, especially as you’re getting closer to it, may be stressful. This RRSP season, you may be finding yourself thinking about unknown expenses that may occur in the future, how to maintain your lifestyle during retirement, and trying to ensure everything is going to be alright. You have been contributing to your registered retirement savings […]
Importance of Life Insurance in Family Law
Families typically consider life insurance policies as a forward looking estate planning tool, which it certainly is. However, in case of the unfortunate life event such as a separation or divorce, life insurance can also play a vital role from a context of family law. [tweet_dis]The Importance of Life Insurance in Family Law: Security Blanket[/tweet_dis] […]
Why Should You Care About Financial Literacy Month
November is Financial Literacy Month in Canada. What does it mean to a successful professional like yourself? In a nutshell, it means that you’re fully aware of your financial standing: know your net worth, how to reach your financial and personal goals. [tweet_box design=”default” excerpt=”Financial literacy is financial efficiencies and balance via @rubachandassoc #CountMeInCA #FLM2015″]Financial literacy for professionals […]
Medical Practice Incorporation Fundamentals for New Doctors
Young doctors often face the incorporation question early in their careers, hearing varying opinions about the ‘right’ time to incorporate. We’re enthusiastic to have Oscar Torres, chartered accountant with Bateman MacKay, discussing the benefits and drawbacks of medical practice incorporation for new doctors in this post. Medical Practice Incorporation Fundamentals for New Doctors Throughout my career as a chartered […]
7 Insider Tips from a Mortgage Broker You Need to Read
You’re buying your first home, refinancing or getting a second mortgage. Do you know what a mortgage broker does and how s/he can help you? More often than not, people don’t know or fully understand, the value of an agent. In short, a mortgage broker shops the market for you and has a strong understanding on mortgage financing rules […]
How to Calculate Basic Life Insurance Need
Truth is, basic life insurance need varies greatly depending on many factors and for such reason, consider speaking with an insurance professional but we’ll review a few basics for you to start thinking about. For individuals, a good rule of thumb for to calculate basic life insurance need is: [tweet_dis_img][/tweet_dis_img] Example: A family with two young […]
Financial Advice for First Time Parents
When I had my first baby, I was overwhelmed… with joy, many wonderful gifts from family and friends as well as lack of sleep. With all honesty, it’s a time I look back on and admire as nothing else compares to the wonderful journey of having a baby. Part of becoming a first time parent […]