by Alex McFadden | May 2, 2023 | Business Owners & Entrepreneurs
Whether you’re already a business owner or thinking about becoming one, the decisions you make will have far-reaching implications – not only for your business but also for you and your family. A business consumes a large portion of your resources, time, and attention...
by Alex McFadden | Apr 11, 2023 | Retiring Well
One of the greatest things about a Registered Retirement Income Fund (RRIF) is that it is a key piece of your retirement portfolio. You can view it as an extension of your Registered Retirement Savings Plan (RRSP). Before transitioning to your RRIF, you use your RRSP...
by Alex McFadden | Apr 11, 2023 | Retiring Well
How you can receive a tax credit on $2,000 of your pension income If you are receiving eligible pension income, you may be entitled to claim both a federal and a provincial/territorial tax credit. The federal non-refundable pension income tax credit is on the first...
by Alex McFadden | Mar 1, 2023 | Business Owners & Entrepreneurs
One of the biggest secrets that successful business owners and entrepreneurs often don’t know about is the capital dividend account. The capital dividend account is a notional account, which means you will not see it unless there’s a balance. It allows for life...
by Alex McFadden | Mar 1, 2023 | Business Owners & Entrepreneurs
The Capital Dividend Account is one of the most powerful tools a business owner can use, but very few are using it. This secret notional account could save you millions of dollars in tax. What is a Capital Dividend Account? A Capital Dividend Account (CDA) is...
