Starting your Career

Who

  • Age 21 to 34 Years Old
  • Starting your career
  • Finished school

Priorities

  • Pay off debts, student loans, credit cards
  • Establish an emergency fund
  • Start a Budget (Download our app!)
  • Pay yourself first: start a regular savings plan
    • Downpayment for a home
    • Save for large purchases: such as car,
    • Start saving for your retirement
  • Review your benefits from work including your health and disability benefits.

Useful Articles for Starters

Life Insurance and the Capital Dividend Account

Many business owners are unaware that corporate owned life insurance combined with the Capital Dividend Account (CDA) provides an opportunity to distribute corporate surplus on the death of a shareholder to the surviving shareholders or family members tax-free.

Updated Small Business Tax Reforms

It has certainly been a busy week in terms of announcements regarding financial policies for small businesses. Following the series of proposed tax reforms that the government announced back in July, various tweaks and changes have subsequently been made, owing, perhaps in part, to confusion and frustration expressed among the small business community. We have provided a brief summary of the changes in this article and infographic.

Preparing your heirs for wealth

If you think your heirs are not quite old enough or prepared enough to discuss the wealth they will inherit on your death, you’re not alone. Unfortunately though, this way of thinking can leave your beneficiaries in a decision-making vacuum: an unnecessary predicament which can be avoided by facing your own mortality and making a plan.

A Summary of Proposed Tax Changes in 2017

The month of July saw a set of proposed tax changes announced by the Federal Minister of Canada which are potentially the most impactful and significant amendments since the large-scale tax reform of 1972.