Knowledge
Thoughts, opinions and trends – everything, all in one place.
29 result(s)
Passing the Torch: A Practical Guide to Business Succession Planning
March 17, 2025 – Whether you’re planning to retire, start a new venture, or simply take a step back, having a solid succession plan in place is essential for a smooth transition.
Relief from Capital Gain Inclusion Rate Increase
February 03, 2025 – The ongoing saga of the proposed increase in the capital gains inclusion has finally come to an end – for now. Given the uncertainty created by this situation, the Department of Finance’s announcement to defer this change is welcome relief. That said, taxpayers will want to consider how this about-face impacts their particular situation, including:
Exciting news from HOOPP for incorporated doctors.
December 17, 2024 – In a December 10, 2024 news release, the Healthcare of Ontario Pension Plan (HOOPP) has announced that incorporated doctors can now qualify for HOOPP benefits in retirement.
Family Trusts Could have an Unexpected Tax Liability for 2024
December 13, 2024 – Today we discuss a particular new AMT provision which may have a significant impact on a very common type of tax planning strategy – this type of planning is often referred as “prescribed rate loan” planning.
Building Wealth Across the Decades: Key Financial Priorities for Your Sixties and Beyond
June 14, 2023 – As you enter your sixties and beyond, it is essential to stay the course on the financial planning strategies you put in place in earlier years. At this stage, your main attention should shift toward retirement spending and cash flow management.
Building Wealth Across the Decades: Key Financial Priorities for Your Fifties
June 08, 2023 – Over the course of your fifties, continue to build on the financial planning activities you started in your earlier years. As retirement approaches, it is crucial to ensure you have enough savings to maintain your desired lifestyle. This includes…
Building Wealth Across the Decades: Financial Planning Priorities for Your Forties
June 01, 2023 – As you enter your 40s, your financial situation often becomes more complex. It’s likely that you have children who are nearing college age, your earning potential has increased, and with it, there are several financial obligations to consider, such as:
Building Wealth Across the Decades: Financial Planning Priorities for Your Thirties
May 25, 2023 – A big question I hear from people in their thirties is: “should I invest in my Tax-Free Savings Account (TFSA) or should I pay down my mortgage?” This is what I would do in my thirties:
Building Wealth Across the Decades: Key Financial Priorities for Your Twenties
May 17, 2023 – Let’s start by addressing the foundational elements of finances that you’re building in your twenties. Here are the top three priorities:
Market Outlook: Where Will Inflation Go From Here?
May 17, 2023 – With recession risks building, where will inflation go from here? On May 17 at 11:00am, Welch LLP’s Family Wealth Advisory Group and guest speaker Craig Basinger, Chief Market Strategist of Purpose Investments, will host an informative discussion on the market outlook.
5 Things You Can Do as a Business Owner to Prepare for 2023
January 03, 2023 – As we say goodbye to 2022, there seems to be a consensus that Canada will enter a recession in the latter half of 2023. Having weathered the rollercoaster of the past two years, we appreciate the concern business owners are feeling as they will no doubt face yet more twists and turns in the new year.
Converting Your Registered Retirement Savings Plan (RRSP) Into Income.
December 13, 2022 – You’ve been contributing to your RRSP throughout your career and now it’s time consider reversing the flow of funds; leveraging your RRSP as an income source to help fund your retirement. The RRSP is an important and often materially significant piece. What are your options?
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