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Insights

Dumb Money!!!

Richard Thaler is considered by many to be the grandfather of the emerging field of Behavioural Economics. Recently, the New York Times ran an editorial wherein Mr. Thaler and a

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2023 Your Business Year Ahead

What is the theme of your business in 2023 based on where you are in the business growth roadmap? Stabilizing? Streamlining? Scaling? What needs to be done next to build

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Your Year in Review 2022

The Question: What should business owners review at the end of the year? Year End Review as Feedback: The purpose of your Year End Review is an opportunity to collect

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Corporate Wealth Secrets IW Pillar 1

The Question: Can you really plan for wealth? Isn’t it something that just happens (or doesn’t)? The Intentional Wealth Framework: Absolutely you can plan for wealth. It is not something

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Client Contracts are Delightful

The Question: Do I really need to have a client contract? Why? One of the most important things about contracts is not the way they protect you, but the way they delight your

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Invisible Business Transitions

Survival, Stable, Scaleable, Saleable Business success takes you through predictable transitions. Changes in your business that can feel like failure, or like hitting a wall but are actually signals that

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The 4% Business Owner

The entrepreneur determined to transform their business into an asset. When you first started in business, typically, it was because you were good at a “thing” – a product, a

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Predicting the bottom

Predicting the bottom of the market and recognizing the opportunities it holds. Investment opportunities in a down market In times of uncertainty, it makes sense to want to pause investing

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Investing in Uncertain Times

Uncertain markets can challenge the discipline of even the most committed investor. Have a plan, stick to it, and be patient. Uncertain markets can challenge the discipline of even the

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Professional Real Estate Corp

Is creating a Professional Real Estate Corporation (PREC) right for you? Ontario recently joined several other provinces by allowing the establishment of personal real estate corporations (PREC). A personal real

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Protecting your Greatest Asset

Many people think their greatest asset is their home, but your greatest asset is your ability to earn. Your greatest asset is your ability to earn a living. If you

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Turning Dreaming into Planning

Each stage of your business life has its own focus and associated needs. Similar to needing a financial plan for your personal life, it is important to utilize planning tools

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2021 Key dates, investment info and stats

Savings and Pensions RRSP contributions: � Maximum contribution for 2020: $27,230 � Last day for 2020 contribution: March 1, 2021 � Maximum contribution for 2021: $27,830 TFSA contributions: � Maximum

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Want to get there quicker?

It is almost always most tax efficient to hold insurance policies corporately. A Dollar Saved is Two Dollars Earned In David Chilton’s book The Wealthy Barber, the character Roy Miller quips

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Teaching Children About Money

Financial literacy is an essential life skill. Teaching children how to manage money will help them throughout their lives. Teach Them Well In the song `Greatest Love of All` made popular

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Your Health is your Wealth

Being financially prepared can improve your health. We all talk about stress, but we are not always clear about what it is. This is because stress comes from both the

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Eye of the Storm.

This is a call to action. Sunday, the New York Times published an article titled “Surviving Covid-19 May Not Feel Like Recovery for Some”. The gist of the article (byline

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COVID-19 GOVERNMENT PROGRAMS

We are living through extraordinary times. A time of great challenge being met through front line health care workers and first responders to whom we already owe a tremendous debt

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Lifetime Capital Gains Exemption

The Canadian Federation of Independent Business (CFIB) is urging the federal government to put an end to excluding family members from the lifetime capital gains exemption when business owners sell

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Succeeding at Succession

In a 2018 article discussing succession planning (albeit at a high level) CPA magazine discusses some of the obvious as well as less obvious aspects of this inevitable part of

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HOT HOUSING PRICES

Article in the Globe and Mail on Monday (December 9, 2019) where Rob Carrick attempts to reconcile the country�s fundamental consumer economics to the continued climb of the major Canadian housing

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ECONOMIC PRINCIPLES

Way back in 1983, I was attending the University of Ottawa for the first year of my business degree. Introductory Economics courses, divided broadly between ‘Micro’ (personal money) and ‘Macro’

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THE ‘NEW’ CANADA PENSION PLAN

DO YOU TAKE A SALARY FROM YOUR COMPANY? The Canada Pension Plan, or CPP, was originally created as a supplemental source of retirement income for those over the age of

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CREATING A LEGACY

YOUR LIFE’S WORK CAN HAVE MULTI-GENERATIONAL IMPACT My grandmother was a wonderful woman. She had 8 children and lived to be an amazing 98 years old. She was a talented

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DEFER RETIREMENT INCOME

There are two main challenges in retirement planning: the first is achieving the necessary risk sensitive return on retirement assets; the second is establishing a retirement income that doesn�t overshoot

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