I am excited to provide this written submission to our Fall Prittie Perspective Edition. You will hear more from me in the future as the Senior Manager of Client Services & Practice Management for the Prittie Private Wealth Team.

Family businesses, high net worth individuals and professionals require distinctive succession and estate planning and this is in greater demand than ever before. However, it is not getting done! Furthermore, in the past 10 years, corporate income splitting and non-active business income restrictions have been imposed resulting in more taxes. Personal tax rates have increased from 46.41% to 53.53% and dividend tax rates have also increased from 31.34% to 47.74%.

With interest rates continuing to rise, and housing markets beginning to cool, if you’re considering a home purchase anytime soon, it’s a good idea to revisit some mortgage fundamentals to ensure you’re in the driver’s seat when it’s time to put in an offer. Pre-approvals, home appraisals and financing conditions are three key components to a successful home purchase. So how do they all fit together?

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients. We want to ensure that you receive your fund requests when you need it; for example, buying a new car or any other purchase.

Please be reminded of the following process to ensure no delays are encountered for funding requests.

Different people will choose a different answer from the above two choices. Personally, I believe we are long overdue for some Economic Reality. Why is that?

A common misconception amongst investors is that investments in bonds cannot decline.

Family businesses are the backbone of our economy, and their future success is critical. Over the years, many successful family business owners have told us that they have not completed a proper succession and estate plan. 

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients.

After a very comforting run up in values post covid March 2020, it’s been a tough start to the year that has left the American S&P 500 stock index (“S&P 500”) now in official bear market territory. Our home-based Toronto Stock Exchange (“TSX”) has followed a similar path for the…

Now is the time to plan for tax savings in 2022 and beyond. Combining proven and prudent tax planning with sound investment management can make a big difference to your wealth. Here are five lesser-known tax strategies to help you do just that.

When preparing an asset allocation strategy for your specific objectives, it is important to not let the allure of high returns in “excess” of the benchmark lure you into a portfolio not suited for your risk tolerance. Over the course of your lifetime, your risk aversion in all aspects will continually change, but this is especially true as you near retirement.

As the focus on RRSP season is over, we turn our attention to the current tax season. It is important to note that personal tax returns must be filed by April 30th. We kindly ask that you provide us all documentation at least two weeks prior to the appropriate deadline.