by DEAN Financial | Oct 31, 2023 | Blog, business owners, financial advice, financial planning, insurance, investment, Professionals
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
by DEAN Financial | Sep 22, 2023 | Blog, investment
Preparing for a New Addition to the Family? Embrace the Adventure, but Plan for the Unknowns. The journey of parenthood is filled with thrilling moments and challenges. From the first day at school, mastering driving, attending parties, to navigating the world of...
by DEAN Financial | Jul 31, 2023 | Blog, financial advice, financial planning, incorporated professionals, insurance, investment, Professionals
Financial advice for incorporated professionals is often two-sided- advice for the practice and personal financial advice. A few things to keep in mind for professionals are:Professionals are typically in the highest income tax bracket, therefore incorporating...
by DEAN Financial | Apr 16, 2023 | Blog, investment
The First Home Savings Account (FHSA) is a savings plan designed for first-time home buyers in Canada, which allows them to save up to $40,000 tax-free. Contributions to an FHSA are tax-deductible, similar to Registered Retirement Savings Plans (RRSP). Additionally,...
