by Bold Barrel Financial | Jan 31, 2025 | Blog, investment, RRSP, Tax Free Savings Account
When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the distinctions, we will compare the following:The differences in...
by Bold Barrel Financial | Nov 1, 2024 | Blog, disability, disability insurance, investment, RDSP
A Registered Disability Savings Plan (RDSP) is a means of supporting those who are disabled and in receipt of Disability Tax Credit to save for the future. Here are some important things to know about these savings plans:The person who is registered as...
by Bold Barrel Financial | Jul 31, 2024 | Blog, business owners, Family, farmers, investment, Professionals, retirees
Retirement planning can be challenging, we’ve outlined what we feel are 6 steps to retirement success.Have a written plan which merges life priorities with financial resources.Consolidate your income-producing assets with one advisor.Layer different sources of...
by Bold Barrel Financial | Jun 30, 2024 | 2023, Blog, business owners, corporate, investment
Investing as a Business OwnerMany business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals such as: building and protecting your savingsproviding...
by Bold Barrel Financial | Jun 27, 2024 | Blog, business owners, financial advice, financial planning, insurance, investment
Financial planning for business owners is often two-sided: personal financial planning and planning for the business.Business owners have access to many financial tools that employees do not. Having access to these tools is a great advantage; however, learning about...
by Bold Barrel Financial | Apr 25, 2024 | Blog, business owners, estate planning, Family, financial planning, incorporated professionals, individuals, investment, mortgage, personal finances, Professional Corporations, Professionals, retirees, Retirement, tax
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: An increase in the portion of capital gains...