Our Blog

Tax & Accounting

BARE TRUSTS! Don’t skip reading this one. BIG Penalties!

Deanna McLay - Financial Planner
February 28, 2024

JOINT ASSETS MAY BE SUBJECT TO THE NEW TRUST REPORTING RULES!

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Tax & Accounting

Motor Vehicle Expenses

Deanna McLay - Financial Planner
February 3, 2023

There are 4 areas where motor vehicle expense can occur.

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Tax & Accounting

Home Office Expenses For Employees

Deanna McLay - Financial Planner
February 3, 2023

What are the two ways to claim the Home Office Expense

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Tax & Accounting

Salary Increase VS Health Spending Account

Deanna McLay - Financial Planner
November 30, 2020

𝐒𝐚𝐥𝐚𝐫𝐲 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐕𝐒 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐀𝐜𝐜𝐨𝐮𝐧𝐭

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Covid19

CERB – Large Gap for Canadians who do not Qualify

Deanna McLay - Financial Planner
April 7, 2020

Criteria for Canada Emergency Response Benefit - Who Does Not Qualify?

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Mortgages & Financing

Pay Your Mortgage Off Fast by Creating a Tax Deductible Mortgage

Todd McLay
February 28, 2020

Fastest way to Pay Your Mortgage Off Sooner - Tax Deductible Mortgage Strategy - Our version of the Smith Manoeuvre

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Financial Planning

Should you Spend or Invest your Severance?

Deanna McLay - Financial Planner
February 21, 2020

If you’ve been laid off, but have a choice of living off the severance or saving it, what could the impacts of either decision be?

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Tax & Accounting

Teaching Kids How Much They're Actually Earning

Deanna McLay - Financial Planner
February 19, 2020

We often don’t take time to discuss the difference between gross income and net income with our children. This is a disservice to our kids that could set them up for tough financial times ahead.

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Estate Planning

What to do if you find two Wills?

Deanna McLay - Financial Planner
February 12, 2020

What happens when there’s more than one will? While it's commonly believed the most recent will takes precedence, learn why that’s not always the case.

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Financial Planning

When Should I Stop Contributing to CPP?

Deanna McLay - Financial Planner
February 7, 2020

While it’s mandatory for everyone employed under the age of 65 to pay into Canada Pension Plan, there are a few choices related to when you begin collecting and stop contributing to CPP. Here are a four factors to consider as you make retirement plans.

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Tax & Accounting

Tax Planning for Job Severance

Deanna McLay - Financial Planner
February 5, 2020

A bit of planning can go a long way when it comes to severing a relationship with your employer. Here's how we helped a client save close to $20,000 in tax after severing a relationship with an employer.

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Risk & Insurance

Massage Coverage is a No Brainer

Deanna McLay - Financial Planner
January 31, 2020

Every body deserves a massage! With insurance coverage like this, there’s no reason not to experience the positive health effects of therapeutic massage.

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Tax & Accounting

What You Should Know About Stock Option Taxation

Deanna McLay - Financial Planner
January 28, 2020

Changes to the taxation of stock options have been delayed, which means there’s time for tax and compensation planning opportunities before any changes go into effect.

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Tax & Accounting

How to File Your Corporate Annual Return

Deanna McLay - Financial Planner
January 23, 2020

Here is the simple 10-step process for filing your own Saskatchewan corporation income tax return, which is due Jan. 31, 2020.

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Financial Planning

Financial Planning Tips Before & After Disability

Deanna McLay - Financial Planner
January 17, 2020

When you or a loved one is diagnosed with a disability or long-term illness, the financial implications may feel overwhelming or even irrelevant at the time. Here are five steps to get your finances in order so you can spend more time focusing on what truly matters – your family’s health and happiness.

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Tax & Accounting

Disability Tax Credit 101

Deanna McLay - Financial Planner
January 16, 2020

If you or a loved one has been diagnosed with a disability or illness, a first step in getting your finances in order is to apply for the Disability Tax Credit. Find answers to your questions about the DTC in our quick guide.

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Tax & Accounting

How to Utilize the Disability Tax Credit

Deanna McLay - Financial Planner
January 16, 2020

If you have been approved for the Disability Tax Credit, you may claim it on your taxes or on another family member's taxes until the expiry date issued by the Canadian Revenue Agency.

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Risk & Insurance

Disability Insurance Options

Deanna McLay - Financial Planner
January 16, 2020

What would happen if you couldn’t go to work tomorrow because of a critical illness or injury? Instead of waiting until after the unexpected has occurred, it’s important to clearly understand the disability income coverage you have in place today.

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Financial Planning

The Registered Disability Savings Plan

Deanna McLay - Financial Planner
January 16, 2020

The Registered Disability Savings Plan (RDSP) is a wonderful tool for building financial security for a loved one with a long-term disability. To participate in this plan, the beneficiary must be approved for the Disability Tax Credit.

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Financial Planning

Canadian Pension Plan Disability Benefits

Deanna McLay - Financial Planner
January 16, 2020

Canada Pension Plan will provide disability benefits before and after retirement to people who have sufficiently contributed to the CPP prior to becoming disabled. Did you know that benefits may also be available to dependent children?

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Risk & Insurance

Do You Qualify for Caregiver Employment Insurance?

Deanna McLay - Financial Planner
January 15, 2020

If you need to miss work to offer support to a loved one who is critically ill or injured, you may be eligible for Canadian Employment Insurance (EI).

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Risk & Insurance

Seven Ways to Save Money on Insurance

Deanna McLay - Financial Planner
November 15, 2019

Here are seven tips for reducing your insurance premiums without reducing your risk protection.

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Tax & Accounting

Attack the Cost of Your Accounting Fees

Deanna McLay - Financial Planner
November 8, 2019

Expect more from your tax team and save your hard-eared money with these five tips.

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Financial Planning

Education Savings 101: Unlock the Power of RESPs

Deanna McLay - Financial Planner
November 1, 2019

The various rules and details surrounding education savings plans can be overwhelming. However, contributing to an RESP plan is lucrative and flexible for both the contributor and the child.

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