All items tagged with: Debt

CRA Carrying Charges: What’s Tax Deductible?

Posted: April 03, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Debt Management, Financial Literacy, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax tips, tax courses, tax education, financial education, interest deductions, interest on investments, deductible carrying charges, diminished value in assets

Last week we discussed the deductibility of interest and penalties levied by the Canada Revenue Agency. In Part two of this series, we’re taking a closer look at the deductibility of interest costs on your investments.

It’s Your Lucky Day: A Special St. Patrick’s Day Offer Just for You

Posted: March 13, 2018 By: Evelyn Jacks By :
Posted in: Strategic Thinking, Distinguished Practices , tax preparation, Debt Management, Financial Literacy, Estate Planning, knowledge bureau, Evelyn Jacks, retirement planning, Accounting, tax courses, financial advisors, small business tax, financial courses, budgeting, online education, payroll courses, online campus, St. Patricks Day, enrollment offer

You don’t have to be Irish to experience some luck this St. Patrick’s Day. Take advantage of our “Luck of the Irish” Special, available now until March 31st 2018.

Debt Management Series: Home Buyers Plan

Posted: March 06, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Debt Management, Financial Literacy, knowledge bureau, Evelyn Jacks, rrsp, tax courses, Marcia Elaschuk, online education, mortgage down payment, mortgage lenders, buying a home, home buyers plan, HPB, first time buyers, real estate purchase, financing

Do you have clients looking to buy their first home? Ensure they’re familiar with the ins and outs of the Home Buyers Plan to help them fund their purchase.

Homes and Private Pensions Help Canadians Increase Net Worth

Posted: December 13, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Debt Management, Debt, knowledge bureau, statistics canada, Evelyn Jacks, retirement planning, retirement savings, Canadian economy, principal residence, wealth management, survey of financial security, net worth, assets, home purchases, mortgage stress test, savings tips

Canadians who focus on building their asset base will quickly grow their personal and family net worth – that’s the difference between the value of assets and the debt attached to them. Based on the December 7 release of the Survey of Financial Security for 2016, median net worth was up almost 15 percent to $295,100 over 2012 figures. The principal residence was the largest asset, followed by private pensions. But will this trend continue?

Debt Management Series: Purchasing vs. Leasing Vehicles

Posted: December 13, 2017 By : Marcia Elaschuk, DFA-Specialist™
Posted in: Strategic Thinking , Debt Management, Financial Literacy, knowledge bureau, interest rates, Evelyn Jacks, tax courses, wealth management, financial education, asset management, Marcia Elaschuk, budgeting, debt sources, debt planning, buying a car, leasing a car, car loan, financing a car purchase, financing options, credit report

In the market for a new car before year end?  Take the time to visit your tax advisor first.  He or she can take the time before the holidays to help you consider your after-tax options and evaluate the best approach to acquiring this asset; as debt management is likely part of the equation.

Retirement Planning: Make Sure Your Advice Keeps Up with Your Clients

Posted: December 05, 2017 By : Doug Nelson
Posted in: Strategic Thinking , Debt Management, Financial Literacy, Financial Advisor, investments, knowledge bureau, statistics canada, Evelyn Jacks, rrsp, tax courses, retirement planning courses, tax advisor, retirement income, wealth management, doug nelson, financial education, Baby Boomers, year-end planning, retirement plan

According to recent census data from Statistics Canada, the baby boomers continue to live life on their own terms, especially as they approach and surpass the traditional retirement age, but they are working longer, supporting adult children and often they are also in debt. The provides opportunities for interaction with retirement specialists.