As the stock market has corrected over the last few weeks, investors are inquiring in one fashion or another about whether they are doing the right thing continuing to hold equities. Some question whether to liquidate US equities or sell all Canadian equities and move to cash. Others get directly to the point and ask […]
Read More2015 Federal Budget Commentary
Introduction The Federal Budget offers targeted tax reductions for small businesses, seniors, and families with children; increased spending for the military, public and national security, public transit, and for the Canada Revenue Agency (CRA) to address tax avoidance and evasion; and a $1.4 billion surplus in 2015–16 and small increases over the following years. Finance […]
Read MoreStart 2015 on the Right Note – RRSP, RESP, and TFSA Contributions
Pacific Spirit strongly encourages clients to contribute early to maximize the benefits of government plans including Registered Retirement Savings Plans, Registered Education Savings Plans, and Tax-Free Savings Accounts. Registered Retirement Savings Plan (RRSP) Contributions 2014 RRSP Contributions Registered Retirement Savings Plan (RRSP) contributions must be made by March 2, 2015 to be deductible on […]
Read MoreTax Cuts and Benefits to Families
On October 30, 2014, Prime Minister Stephen Harper proposed new tax relief and benefits for families effective for the years 2014 and 2015. The proposed new measures include: Increase and Expansion to the Universal Child Care Benefit (UCCB) As of January 1, 2015, parents will receive a benefit of $160 per month for each child […]
Read MoreJust Getting Started – 20th Anniversary
Pacific Spirit will be celebrating its 20th anniversary in a few days. One of the promises that we made to our early clients, and that we continue to adhere to today, is that we will not inundate you with newsletters or emails. We value your time and will only reach out to you if we […]
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