Entries by Vince Olfert

, ,

The Noise of Budget 2018 – Or Rather The Collective Sigh Of Relief That Was Echoed Across Canada’s Business World

The income sprinkling rules outlined in July 2017 held strong and the rules pertaining to passive investment income weren’t as harsh as predicted. Specifically, Budget 2018 has implemented two simple measures as it pertains to passive investment income: Limiting Access to Small Business Tax Rate Budget 2018 proposed to provide for an alternative reduction to the […]

Beware of Pitfalls When Selling Homes

A recent article in the Investment Executive, Beware of pitfalls when selling homes, draws attention to implications that can arise as a result of the changes that occurred to the Principal Residence Capital Gains Exemption.  The articles mention some important things to be aware of when selling a home that that could interfere with your […]

, ,

Are RRSPs Overrated?

Are RRSPs overrated? For many years RRSPs (Registered Retirement Savings Plans) were viewed as the best option available for retirement savings. However, the truth is that there are several variables to consider for your best investment options. Here is a short list of questions to ask yourself: (more…)

, ,

Our Biggest Partner in Life

In life and finances, the government is our biggest business partner, usually in the form of taxes. If you are a business owner: 1.  You are a tax collector (payroll taxes, GST, PST). 2.  The government is your business partner (corporate taxes). As a family, taxes are often your largest expense: 1.  Income tax (as […]

Charitable Giving Takes on a New Look

Charitable gifting is about to change. As you may know, currently you can donate cash and receive preferential tax treatment.  For every dollar you donate over $200 you would get a tax deduction of $0.437.  In 2006, the benefits of donating stocks in-kind became substantial because if you donate the stock in-kind to a charity […]

Mortgage or RRSP?

This is the question I have been asked the most in my financial career: Should I pay down my mortgage or put money into my RRSP? The answer I give is: It depends! I know it’s probably not the answer you were looking for, so let me provide some rules of thumb and opinion on […]