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Category: Family

Personal Tax Planning Tips – End of 2020 Tax Year

December 2, 20202020 Only, Blog, Charitable Gifting, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students, disability, Disability Insurance, Family, financial advice, Financial Planning, health benefits, pension plan, RDSP, Registered Education Savings Plan, RRSP, Tax, Tax Free Savings AccountAbility Private Wealth

To help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article:

• Details about the different COVID-19 benefits programs and the tax ramifications of them

• Information about family tax issues including the Canada Child Benefits and tips on how to split income.

• Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments.

• Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.

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Self Owned vs. Bank Owned Mortgage Insurance

October 1, 2020Blog, Family, Individuals, Life InsuranceInsurance, MortgageAbility Private Wealth

Before buying insurance from your bank to cover your mortgage, please consider your options. What does the insurance cover?

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Insurance Planning for Young Families

June 2, 2020Blog, Disability Insurance, Family, health benefits, Insurance, Life Insurance, Travel InsuranceAbility Private Wealth

For young families, making sure your family is financially protected can be overwhelming, especially since there’s so much information floating online. This infographic addresses the importance of insurance- personal insurance.

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Guide to Covid-19: Government Relief Programs in Canada

May 4, 20202020, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students, Family, Individuals, Life InsuranceAbility Private Wealth

The intention for our “Guide to Covid-19: Government Relief Programs in Canada” is to help businesses and individuals to cut through the noise and make sure they’re getting all the help they can receive from the federal and provincial programs.

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Comparing TFSAs and RRSPs – 2020

January 30, 20202020 Only, Blog, Family, Individuals, Investment, Retirees, RRSP, Tax, Tax Free Savings AccountAbility Private Wealth

We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.

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2019 Tax Tips for Employees

November 22, 20192019 Only, Blog, Estate Planning, Family, Individuals, Investment, Retirees, RRSP, Tax, Tax Free Savings AccountAbility Private Wealth

Now that we are nearing year end, it’s a good time to review your finances. With the federal election over and no major tax personal tax changes for this year, 2019 is a good year to make sure you are effectively tax planning.

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Paying for Education

August 30, 2019Blog, Debt, Family, Life InsuranceAbility Private Wealth

Post-secondary education can be expensive, however having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education.

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2019 Ontario Budget

April 12, 20192019 Only, Blog, Estate Planning, Family2019, OntarioAbility Private Wealth

The 2019 Ontario budget highlights include CARE tax credit, Estate administration tax and reviews about current tax measures.

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Financial Advice

April 2, 2019Blog, Estate Planning, Family, Individuals, RetireesAbility Private Wealth

An advisor can help you determine where you are today financially and where you want to go. An advisor can provide you guidance on how to reach your short, medium and long term financial goals.

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Tax Lines to Look Out for 2018 Income Tax Year

April 1, 20192019 Only, Blog, Business Owners, corporate, dental benefits, FamilyCarry forward information, Carying charges, Charitable donations, Interest expense, medical expenses, TOSIAbility Private Wealth

An outline of the key lines to look out for in the 2018 Income Tax Year.

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Recent Posts

  • 2021 Financial Calendar
  • Government of Canada to allow up to $400 for home office expenses
  • Business Owners: 2020 Tax Planning Tips for the End of the Year
  • Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
  • 2020 Fall Federal Economic Update

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Contact Us

Derrick Lee-Shanok

derrick@abilitypcg.com

416-875-1836

1-877-940-7377

416-860-7550

1500 Don Mills Rd. Suite 400 Toronto, ON M3B 3K4



Recent Articles

  • 2021 Financial Calendar
  • Government of Canada to allow up to $400 for home office expenses
  • Business Owners: 2020 Tax Planning Tips for the End of the Year
  • Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
  • 2020 Fall Federal Economic Update

About

We believe in empowering our clients to participate in the creation and maintenance of their overall financial well being through proper education and ensuring an understanding of the possible outcomes involved in each decision.

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HollisWealth ® is a trade name of Investia Financial Services Inc. and Hollis Insurance. Mutual Fund products provided by HollisWealth are provided through Investia Financial Services Inc. Insurance products provided by HollisWealth are provided through Hollis Insurance. Ability Private Client Group is an independent company unrelated to HollisWealth and Investia Financial Services Inc. Investia Financial Services Inc. companies have no liability for Ability Private Client Group.

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