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# FORTAX

Professionals specializing in Tax Preparation, Wealth Planning and Insurance with a unique, pro-active tax saving approach for individuals or businesses.

## Sitemaps

- [XML Sitemap](https://www.fortax.ca/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [On creating a Team and Transforming your Financial Goals ](https://www.fortax.ca/on-creating-a-team-and-transforming-your-financial-goals/) - "A woman is a full circle. Within her is the power to create, nurture, and transform” Diane Mariechild As women, we tend to wear many hats. The ones we have inherited, the ones we have decided to wear, the ones that society or culture forces us, and the ones we have been delegated to as family members. By hats, I
- [Recent podcasts](https://www.fortax.ca/recent-podcasts/) - Recent podcasts
- [Smart Retirement Strategy](https://www.fortax.ca/smart-retirement-strategy/) - Most people buy a larger home at some point. There is tremendous social pressure to do this. It brings status, extra amenities, and a lot more space. It also brings more expenses. While these costs may enhance your lifestyle, they do not add to your wealth.
- [Types of Passive Income](https://www.fortax.ca/types-of-pasive-income/) - Types of Passive Income Creating revenue from your existing assets is the foundation of passive income. Without the need to invest a lot of time into managing it. Perhaps a powerful investment portfolio, where a mix of bonds and other dividend producing assets provides revenue for your needs. Or a portfolio of rental properties generating
- [Here Are Some Strategies to Buying Crypto](https://www.fortax.ca/strategies-to-buying-crypto/) - Here Are Some Strategies to Buying Crypto Investing in cryptocurrency is a hot trend. It can be highly profitable, but you can also find all your money is unexpectedly lost. Is digital currency right for your portfolio? Yes, if you reduce the risk with strategies that safely turn this emerging asset class to your advantage.
- [Disability Is More Common Today in Canada](https://www.fortax.ca/disability-is-more-common-today-in-canada/) - Disability Is More Common Today in Canada Having a less than optimal future isn’t fun to consider. But if a disability or a major illness should suddenly curtail all the talent, determination, and resourcefulness within you consider the hardship this could cause. Data from Statistics Canada reveal that 22% of Canadians between 25 and 65
- [Prevent Investment Loss with Segregated Funds](https://www.fortax.ca/prevent-investment-loss-with-segregated-funds/) - Prevent Investment Loss with Segregated Funds In today’s volatile market, it’s a great time to invest in segregated funds because of the financial protection they offer as they grow in value. These insured investments provide satisfying performance along with the comfort of knowing that your money will always be insulated against whatever global disruptions might
- [Here Are 5 Ways to Tackle Entrepreneurial Stress](https://www.fortax.ca/here-are-5-ways-to-tackle-entrepreneurial-stress/) - Here Are 5 Ways to Tackle Entrepreneurial Stress Owning a business is hard. Your to-do list can be seemingly never- ending and it can feel like everyone is constantly needing something from you. So, it’s understandable that entrepreneurs get overwhelmed and feel stressed out sometimes. Below are 5 tips to help you manage and plan
- [Consider the Benefits of Joint Life Insurance.](https://www.fortax.ca/consider-the-benefits-of-joint-life-insurance-2/)
- [Don’t Lend Your Money to the Government](https://www.fortax.ca/dont-lend-your-money-to-the-government/) - Don’t Lend Your Money to the Government A tax refund is not a windfall ̶ it’s actually your own money coming back to you because there was too much tax deducted from your paycheque. You are giving the government an interest-free loan. Why not make that money work harder for you, instead? You can arrange
- [Have You Faced A Tax Bill You Can’t Pay?](https://www.fortax.ca/have-you-faced-a-tax-bill-you-cant-pay/) - Have You Faced A Tax Bill You Can’t Pay? Today is the right time to make sure you can pay your debt promptly next year. You’ll avoid some stiff penalties and interest charges. A key part of building wealth includes managing your money, so it won’t be needlessly spent this way. Ask your Financial Advisor
- [You've Filed Your Taxes, Now What?](https://www.fortax.ca/youve-filed-your-taxes-now-what/) - Tax Season: Tackle Math Anxiety Your tax return is done. While you’re in money mode, consider your next steps. Your yearly task might have felt like a mad, stressful dash to the finish line. Skip that rush, and it may reveal some great ways to build your wealth and save taxes. Start planning right now,
- [Taxes and Retirement](https://www.fortax.ca/taxes-and-retirement/) - Taxes and Retirement Contributing to your Registered Retirement Savings Plan (RRSP) is a common tax tactic. But you need skilled financial planning to pinpoint the best time to begin one, the optimal amount to contribute, and how it will help throughout your career. Your Financial Advisor can show you different strategies to reduce your lifetime
- [Estate Planning Is A Tax Strategy](https://www.fortax.ca/estate-planning-is-a-tax-strategy/) - Estate Planning Is A Tax Strategy Tax season can shine a spotlight on your financial worries. Just thinking about filing your tax return might bring on stress symptoms. Tune down that tension with some smart strategies to help you feel more in control of your finances. Build your wealth and turn tax time to your
- [A Year of Tax Tactics](https://www.fortax.ca/a-year-of-tax-tactics/) - A Year of Tax Tactics Tax season can shine a spotlight on your financial worries. Just thinking about filing your tax return might bring on stress symptoms. Tune down that tension with some smart strategies to help you feel more in control of your finances. Build your wealth and turn tax time to your advantage.
- [The Healthy Taxpayer](https://www.fortax.ca/the-healthy-taxpayer/) - The Healthy Taxpayer Tax season can shine a spotlight on your financial worries. Just thinking about filing your tax return might bring on stress symptoms. Tune down that tension with some smart strategies to help you feel more in control of your finances. Build your wealth and turn tax time to your advantage. Does filing
- [Here's What's New for the 2021 Tax Season](https://www.fortax.ca/heres-whats-new-for-the-2021-tax-season-2/)
- [RRIF Reduction Saves Tax](https://www.fortax.ca/rrif-reduction-saves-tax/) - RRIF Reduction Saves Tax As part of its pandemic response, in March 2020 the federal government reduced the minimum withdrawal rate for registered retirement income funds (RRIFs) by 25%. This temporary measure offers a tax-saving opportunity. High income retirees who tapped other income sources might be able to turn this reduction into a lower tax
- [Claim Your Work-From-Home Costs](https://www.fortax.ca/claim-your-work-from-home-costs/) - Claim Your Work-From-Home Costs If you are employed, but the pandemic meant you worked from home in 2020, you can claim some home office expenses in the same way that self employed people often do. To qualify, you must have spent more than half your working time at home for at least four consecutive weeks.
- [Defer Paying Your Tax Bill](https://www.fortax.ca/defer-paying-your-tax-bill/) - Defer Paying Your Tax Bill Those generous COVID-19 benefits last year were sent with little, or no, tax deducted at source. This means completing their return might yield a nasty bill for some people. To soothe this scary thought, the federal government is offering you the chance to defer paying your taxes for up to
- [Here’s What’s New for the 2021 Tax Season](https://www.fortax.ca/heres-whats-new-for-the-2021-tax-season/) - Here’s What’s New for the 2021 Tax Season There’s one more chore to complete before troublesome 2020 can become a distant memory. Thanks to the pandemic, filing your income tax return will offer some interesting twists for this year’s task. However, there can be some useful opportunities available for the strategic tax filer. Deadlines and
- [If You Can't Pay Your Tax Bill](https://www.fortax.ca/if-you-cant-pay-your-tax-bill/) - If You Can't Pay Your Tax Bill Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you’re self employed, it’s June 15th; but your tax bill must be paid by April
- [Rev Up your Tax Refund](https://www.fortax.ca/rev-up-your-tax-refund/) - Rev Up your Tax Refund Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you’re self employed, it’s June 15th; but your tax bill must be paid by April 30th (to
- [Work Your Financial Plan This Tax Season](https://www.fortax.ca/work-your-financial-plan-this-tax-season/) - Work Your Financial Plan This Tax Season Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you’re self employed, it’s June 15th; but your tax bill must be paid by April
- [Your Tax Return: Face it Now](https://www.fortax.ca/your-tax-return-face-it-now/) - Your Tax Return: Face it Now Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you’re self employed, it’s June 15th; but your tax bill must be paid by April 30th
- [Why File a Tax Return If You Don't Owe?](https://www.fortax.ca/why-file-a-tax-return-if-you-dont-owe/) - Why File a Tax Return If You Don't Owe? Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you’re self employed, it’s June 15th; but your tax bill must be paid
- [Good Estate Planning Keeps Your Family Safe](https://www.fortax.ca/good-estate-planning-keeps-your-family-safe/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Good Estate Planning Keeps Your Family Safe You want to fully protect your loved ones when you’re gone. That’s what estate planning does. Learn why you need a Will and how the probate process works. Also, how setting up a Trust can help when family affairs are
- [How to spot an investment scam](https://www.fortax.ca/how-to-spot-an-investment-scam-2/)
- [Trusts](https://www.fortax.ca/trusts/) - Trusts There are a number of planning strategies that can be used to bypass or minimize probate. Below is a common strategy to make your estate as efficient as possible. Trusts Any assets left to someone in trust automatically bypass probate. There are a variety of trusts that are all used for different reasons. Trusts
- [Designating a Beneficiary on Non- Registered Assets](https://www.fortax.ca/designating-a-beneficiary-on-non-registered-assets/) - Designating a Beneficiary on Non- Registered Assets There are a number of planning strategies that can be used to bypass or minimize probate. Below is a common strategy to make your estate as efficient as possible. Designating a Beneficiary on Non-Registered Assets Typically, non-registered assets do not allow a beneficiary designation and automatically go to
- [Beneficiary Designation on Registered Assets](https://www.fortax.ca/beneficiary-designation-on-registered-assets/) - Beneficiary Designation on Registered Assets There are a number of planning strategies that can be used to bypass or minimize probate. Below is a common strategy to make your estate as efficient as possible. Beneficiary Designation on Registered Assets RRSP, RPP, TFSA, RRIF, LIF, and LIRA are all considered to be registered assets. This means
- [What is Probate?](https://www.fortax.ca/what-is-probate/) - What is Probate? Probate is the process of getting your will approved by the courts. This process validates your will and allows your executors to distribute your assets. However, probate can often be an expensive and long process. Each province has probate fees which can end up being quite substantial on a big estate. Probate
- [3 Major Financial Planning Issues Facing Women](https://www.fortax.ca/3-major-financial-planning-issues-facing-women/) - 3 Major Financial Planning Issues Facing Women Author: Emily Guy Birken Source: MoneyNing There's no denying that men and women often view financial planning from different perspectives. The reasons are varied – everything from cultural expectations to practical considerations. And while most financial advice isn't gender-specific, it's clear that ignoring the differences between how men
- [Women and Investing: Key Findings and Opportunities](https://www.fortax.ca/women-and-investing-key-findings-and-opportunities/) - Women and Investing: Key Findings and Opportunities Author: Maurie Backman Source: The Motley Fool Investing is a great way to grow wealth and attain financial security, but women seem to struggle with it more than men. Lower wages and a lack of confidence hurt women's ability to succeed as investors, and in the absence of
- [Five Uses of Trusts](https://www.fortax.ca/five-uses-of-trusts/) - Five Uses of Trusts Trusts have many uses. Below are some of the most common ways Canadians utilize trusts while estate planning and some issues trusts can address: Blended Families Individuals who have remarried and have children from a previous relationship often use trusts to ensure that both their new spouse and their children are
- [The Two Fundamental Types of Trusts](https://www.fortax.ca/the-two-fundamental-types-of-trusts/) - The Two Fundamental Types of Trusts Since recent tax changes imposed by the federal government, it has been a topic of debate whether or not trusts hold the same advantages they used to. It is true that from a tax perspective trusts aren’t as advantageous as they used to be, however trusts can still be
- [Secured Loan or Collateral Loan: Policy Implications](https://www.fortax.ca/secured-loan-or-collateral-loan-policy-implications/) - Secured Loan or Collateral Loan: Policy Implications It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash value: surrender, policy
- [Secured Loan or Collateral Loan](https://www.fortax.ca/secured-loan-or-collateral-loan/) - Secured Loan or Collateral Loan It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash value: surrender, policy loan, or
- [Policy Loans: Loan Implications](https://www.fortax.ca/policy-loans-loan-implications/) - Policy Loans: Loan Implications It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash value: surrender, policy loan, or a
- [Policy Loans](https://www.fortax.ca/policy-loans/) - Policy Loans It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash value: surrender, policy loan, or a secured loan.
- [Surrendering Your Policy: Policy Implications](https://www.fortax.ca/surrendering-your-policy-policy-implications/) - Surrendering Your Policy: Policy Implications It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash value: surrender, policy loan, or
- [Understanding Your Options for Accessing Cash in a Life Policy](https://www.fortax.ca/understanding-your-options-for-accessing-cash-in-a-life-policy/) - Understanding Your Options for Accessing Cash in a Life Policy It can be tempting to tap into the cash value of a life insurance policy that has been accumulating for many years. However, unlike normal investment accounts, accessing life insurance cash value is not a straightforward process. There are three ways to access your cash
- [The Importance of Being Realistic About Your Finances](https://www.fortax.ca/the-importance-of-being-realistic-about-your-finances/) - The Importance of Being Realistic About Your Finances The term “keeping up with the Joneses” has been used for years to describe the desire to match the lifestyle of the people around you. While this expression historically referred to neighbours and close friends; today keeping up with Joneses means keeping up with the whole world…and
- [5 Financial Resolutions to Improve Your Cash Flow](https://www.fortax.ca/5-financial-resolutions-to-improve-your-cash-flow/) - 5 Financial Resolutions to Improve Your Cash Flow By improving your cash flow — the money that comes in as income and goes out for expenses — you could end 2021 wealthier than you entered it. Here are a few ideas to get started. 1. Simplify When your finances are simple and streamlined, it’s easier
- [4 Tips on How to Balance Financial Priorities](https://www.fortax.ca/4-tips-on-how-to-balance-financial-priorities/) - 4 Tips on How to Balance Financial Priorities Mortgages, debt, retirement, insurance… it can seem impossible to do it all right. A little planning and mindfulness can go a long way. Here are 4 tips to help you prioritize your finances. Look to Yourself for Guidance There are hundreds of steadfast rules that tell you
- [Avoid These 10 Common Tax Mistakes](https://www.fortax.ca/avoid-these-10-common-tax-mistakes/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Avoid These 10 Common Tax Mistakes Filing your income taxes can be confusing. Avoid these 10 mistakes and keep yourself on track for success. 1. Missing Required Information Give this yearly chore your best shot. Gather all the required information in advance: the reporting slips, dated receipts,
- [Reduce Taxes and Maximize Your Wealth](https://www.fortax.ca/reduce-taxes-and-maximize-your-wealth/) - Reduce Taxes and Maximize Your Wealth Paying the least amount of tax yearly is critical to building your wealth. Consider the following proven tax tactics. Leverage self employment Roughly a third of Canadians have a side hustle. The extra money is valuable for paying down debt or powering up an investment portfolio. Claim that cash.
- [Your RRSP Deadline is Soon!](https://www.fortax.ca/your-rrsp-deadline-is-soon/)
- [Create A Well Diversified Portfolio to Manage Your Risk](https://www.fortax.ca/create-a-well-diversified-portfolio-to-manage-your-risk/) - Create A Well Diversified Portfolio to Manage Your Risk Diversifying your portfolio is important because sudden market corrections can be devastating if your assets are too heavily weighted in one sector or company. It reduces your risk. However, this gets complicated when your tax strategy means holding different investments within a few different accounts. You
- [How Debt Affects Your Life Insurance Policy](https://www.fortax.ca/how-debt-affects-your-life-insurance-policy/) - How Debt Affects Your Life Insurance Policy One of the functions of life insurance is protection from financial risk. Your policy is intended to ensure your loved ones have all the support they need if you should die. However, it may not adequately cover the additional debts or increased lifestyle costs that can come from
- [Plan Your Tax Strategy for When You Turn 71](https://www.fortax.ca/plan-your-tax-strategy-for-when-you-turn-71/) - Plan Your Tax Strategy for When You Turn 71 The age of 71 is when you will be required to begin withdrawing money from your Registered Retirement Savings Account (RRSP). There’s no way to avoid it, or the taxes you will pay. However, it could be a smart tax strategy to begin those withdrawals much
- [What Happened to All the Money from Your Raise?](https://www.fortax.ca/what-happened-to-all-the-money-from-your-raise/) - What Happened to All the Money from Your Raise? You’re not alone if you’re thinking about your last raise and wondering where the money went. Despite your best intentions, that savings account just isn’t growing. Why is this happening? The good life. We hear about it, read about it, and watch it as entertainment. As
- [Learn How to Save For an Emergency Fund While in Debt](https://www.fortax.ca/learn-how-to-save-for-an-emergency-fund-while-in-debt/) - Learn How to Save For an Emergency Fund While in Debt If you feel you can barely pay the bills, how can you save for an emergency fund? Is it even possible, with the thought of those debts robbing you of sleep at night? If you multitask with your money, you can. It just takes
- [Should You Contribute to Your RRSP Or Pay Down the Mortgage?](https://www.fortax.ca/should-you-contribute-to-your-rrsp-or-pay-down-the-mortgage/) - Should You Contribute to Your RRSP Or Pay Down the Mortgage? Should you pay into your mortgage or build your Registered Retirement Savings Plan (RRSP)? It depends on your financial situation, your income and marginal tax rate, and the debt you are carrying plus your dreams for the future. Most of the time, it’s best
- [Five Reasons to Do Annual Life Insurance Reviews](https://www.fortax.ca/five-reasons-to-do-annual-life-insurance-reviews/) - Five Reasons to Do Annual Life Insurance Reviews A life insurance policy can provide financial support for the people you love, long after you’re gone. That’s your priority. However, life changes from year to year; a review of your policies will ensure you continue to achieve this goal. What might have altered and how can
- [Avoid These Top 5 RRSP Mistakes](https://www.fortax.ca/avoid-these-top-5-rrsp-mistakes/) - Avoid These Top 5 RRSP Mistakes Are you contributing to your Registered Retirement Savings Plan (RRSP) for the tax deduction? This smart tax tactic is just one of many benefits. However, avoid these 5 mistakes to keep your RRSP strategy on track. Missing the deadline You have until March 1st to make your contribution and
- [Discover What Kind of Insurance Will Protect You as A Single Person](https://www.fortax.ca/discover-what-kind-of-insurance-will-protect-you-as-a-single-person/) - Discover What Kind of Insurance Will Protect You as A Single Person You’re on your own. You need to protect yourself and your financial future. Insurance offers the security of knowing your savings won’t be used up in a crisis. An accident could prevent you from working for a few months, or even years. How
- [Stop Viewing Your TFSA As Just A Savings Account](https://www.fortax.ca/stop-viewing-your-tfsa-as-just-a-savings-account/) - Stop Viewing Your TFSA As Just A Savings Account If you have a Tax-Free Savings Account (TFSA), stop using it just to save money. Instead, leverage the real power of this account to build a robust investment portfolio. Without paying any tax on that wealth. Yes, the government used the word ‘savings’ in its name,
- [How to Know if an RRSP Isn’t Right For You](https://www.fortax.ca/how-to-know-if-an-rrsp-isnt-right-for-you/) - How to Know if an RRSP Isn’t Right For You March 1st is fast approaching: that’s the deadline to pay into your RRSP, reap the tax credit, lower your 2020 tax bill, and hopefully get a nice refund. It all sounds great; but a good financial strategy needs to include your current situation and any
- [Using technology to help your business thrive during COVID-19 and beyond](https://www.fortax.ca/using-technology-to-help-your-business-thrive-during-covid-19-and-beyond/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Using technology to help your business thrive during COVID-19 and beyond The COVID-19 pandemic has accelerated the rate at which everyone — individuals and businesses alike — has adopted technology. Those companies who are able to incorporate new technologies are more likely to survive the pandemic and
- [IDEAS TO KEEP YOUR RETIREMENT PLANS ON TRACK TO ENJOY THE BENEFITS FOR DECADES TO COME](https://www.fortax.ca/ideas-to-keep-your-retirement-plans-on-track-to-enjoy-the-benefits-for-decades-to-come/) - IDEAS TO KEEP YOUR RETIREMENT PLANS ON TRACK TO ENJOY THE BENEFITS FOR DECADES TO COME Start early: When is early enough? Well, today would be a good time. Start small if you must: Even if money is tight, small amounts make a big difference given enough time, the right investment mix and the tax-deferred
- [RRSP CONTRIBUTION = TAX REFUND](https://www.fortax.ca/rrsp-contribution-tax-refund/) - RRSP CONTRIBUTION = TAX REFUND Contributing to an RRSP will likely result in a tax refund. But that refund shouldn’t be used for a trip or a shopping spree. Instead, you should re-contribute that money into an RRSP or pay down debt. If you want to get a tax refund this year, you need to
- [TIMING IS EVERYTHING](https://www.fortax.ca/timing-is-everything/) - TIMING IS EVERYTHING The sooner you start saving for retirement, the faster your account will grow. Conversely, the longer you wait to get started, the harder it will be to catch up. Some experts say that for every five years you delay getting started, you may need to double the amount you must save each
- [RRSP PROs AND CONs](https://www.fortax.ca/rrsp-pros-and-cons/) - RRSP PROs AND CONs RRSP contribution limits for Canadians continue to increase every year. Your allowable contribution is 18% of your income from the previous year to a maximum of $27,830 for 2019. You may also be able to tap into any unused contribution you have carried forward from previous tax years. That allowable contribution
- [WHEN TFSAs ARE BETTER](https://www.fortax.ca/when-tfsas-are-better/) - WHEN TFSAs ARE BETTER Here are a few circumstances when it makes sense to avoid RRSPs. You expect to be in a higher tax bracket in retirement. If you expect to earn a generous pension, the combined income from your pensions and your RRSP or RRIF withdrawals in retirement could drive you into a higher
- [TAX-FREE SAVINGS ACCOUNTS](https://www.fortax.ca/tax-free-savings-accounts/) - TAX-FREE SAVINGS ACCOUNTS An alternative to RRSPs that is rising in popularity is the Tax-Free Savings Account (TFSA). TFSAs were launched in 2009, open to Canadians ages 18 and up. Funds grow in your TFSA tax-free and withdrawals can be made at any time (also tax-free). There is a maximum contribution amount that you’re allowed
- [IS AN RRSP RIGHT FOR YOU?](https://www.fortax.ca/is-an-rrsp-right-for-you/) - IS AN RRSP RIGHT FOR YOU? A big reason for opening an RRSP is to take advantage of the tax benefits it provides. The funds you contribute will not be taxed as income until they are withdrawn (ideally when you retire and, in a lower tax bracket). Income that is earned within the RRSP accumulates
- [THE PRICE OF ADVICE: THE TRUE VALUE OF YOUR SERVICES](https://www.fortax.ca/the-price-of-advice-the-true-value-of-your-services/) - THE PRICE OF ADVICE: THE TRUE VALUE OF YOUR SERVICES Are you worth $3,750 per hour? Here’s a hypothetical scenario: if a client is charged $15,000 annually on $1 million investment, and you meet with them quarterly – are you worth $3,750 per hour? If you’ve never articulated your value-add, and they do the math,
- [KNOW YOUR RRSP CONTRIBUTION LIMIT](https://www.fortax.ca/know-your-rrsp-contribution-limit/) - KNOW YOUR RRSP CONTRIBUTION LIMIT After processing your tax return, Revenue Canada sends a Notice of Assessment, which includes your next years' contribution limit. This document also shows your unused contribution room, or you can call your local Tax Information Phone Service (TIPS) by calling 1-800-267-6999. Before you call, go to Authentication to know what
- [RRSP LIMIT HAS INCREASED](https://www.fortax.ca/rrsp-limit-has-increased/) - RRSP LIMIT HAS INCREASED The RRSP dollar limit, another indexed figure, has also been updated for 2020, and will be $27,830—up from $26,500 2019. Calculate your savings with RRSPs here: Click here to learn more
- [RETIREMENT PLANNING MILLENNIALS ARE STARING SOONER](https://www.fortax.ca/retirement-planning-millennials-are-staring-sooner/) - RETIREMENT PLANNING MILLENNIALS ARE STARTING SOONER Millennials are at the perfect age to take a few simple steps that will eventually give them financial freedom in their retirement years. While that may seem far away, it’s simply good financial smarts to set aside money today for financial security in the decades to come. Earlier in
- [RRSP LOANS ARE AN OPTION](https://www.fortax.ca/rrsp-loans-are-an-option/) - RRSP LOANS ARE AN OPTION OPTION 1 - An RSP Loan Click here to learn more [gap] OPTION 2 - An RSP Loan + reinvesting the tax refund Click here to learn more
- [MAKING RRSP CONTRIBUTIONS](https://www.fortax.ca/making-rrsp-contributions/) - MAKING RRSP CONTRIBUTIONS Your RRSP contributions are tax deductible. That means you can claim them as a tax deduction when you file your income tax return- and lower the tax you pay. There are limits on how much you can contribute each year to your own RRSP and potentially your spouse's RRSP. Your total contribution
- [DIVERSIFICATION WINS](https://www.fortax.ca/diversification-wins/) - DIVERSIFICATION WINS To diversify means to give variety to something. For example, a business can diversify by offering many different products. If some products do not sell well, the business can still earn a profit from the money it makes on other products. Investing works the same way. If you diversify by putting your money
- [CONSIDER A SPOUSAL RRSP](https://www.fortax.ca/consider-a-spousal-rrsp/) - CONSIDER A SPOUSAL RRSP A spousal RRSP is an RRSP for the benefit of one spouse, but contributions are made, and deduct-ed, by the other spouse. Spousal RRSPs are a good strategy if you expect one spouse to be in a lower tax bracket in retirement because they provide the benefit of balancing retirement income.
- [What happens to your RRSP when you retire?](https://www.fortax.ca/what-happens-to-your-rrsp-when-you-retire/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] What happens to your RRSP when you retire? Many Canadians spend so many years saving into their RRSPs, they forget to plan for how they will withdraw the money. At the end of the year in which you turn 71 your RRSP matures, and you must move
- [How’s your cash flow? Easy ways to improve it](https://www.fortax.ca/hows-your-cash-flow-easy-ways-to-improve-it/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How’s your cash flow? Easy ways to improve it Cash flow — the movement of money into your account (your income) and out of your account (your expenses) — is an important and often overlooked part of a financial plan. Ultimately, there are two goals. One is
- [How women can plan for a longer retirement](https://www.fortax.ca/how-women-can-plan-for-a-longer-retirement/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How women can plan for a longer retirement Canadian senior women live an average of three years longer than men, while their annual retirement income is significantly lower. That means careful planning is even more important if you’re a woman. Make sure you’re on track for a
- [The costs — and rewards — of motherhood](https://www.fortax.ca/the-costs-and-rewards-of-motherhood/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] The costs — and rewards — of motherhood We all — especially the moms out there — know that parenthood requires a lot of sacrifices. There are, of course, the lifestyle changes that require trading in freedom for the most significant, most permanent commitment of all. And
- [Plan now — and avoid next year’s RRSP scramble](https://www.fortax.ca/plan-now-and-avoid-next-years-rrsp-scramble/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Plan now — and avoid next year’s RRSP scramble If you’re like a great many Canadians, making an RRSP contribution by the March 1 deadline feels like a mad dash to the finish line. Take the stress off yourself and avoid the RRSP scramble next year —
- [5 ways to help your clients track spending](https://www.fortax.ca/5-ways-to-help-your-clients-track-spending/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] 5 ways to help your clients track spending As a financial advisor, you know how important it is for your clients to track their spending and stay on budget. Otherwise, it’s easy to overspend and get into debt. Here are five techniques you can suggest that make
- [Wills and trusts — what do you need for a successful estate plan?](https://www.fortax.ca/wills-and-trusts-what-do-you-need-for-a-successful-estate-plan/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Wills and trusts — what do you need for a successful estate plan? Having a solid estate plan in place gives you peace of mind that the wealth you build over your lifetime will be passed on to those you care about in accordance with your wishes.
- [What wise investors know](https://www.fortax.ca/what-wise-investors-know/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] What wise investors know Whether you are brand new to investing or a seasoned pro, there are a few basic principles you need to know and practice in order to protect yourself and your money Know your risk tolerance and time horizon Determining your risk tolerance (how
- [How to spot an investment scam](https://www.fortax.ca/how-to-spot-an-investment-scam/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How to spot an investment scam It’s quite easy to spot the con artists on a TV show: ominous music and devious facial expressions are definite giveaways. But without those Hollywood cues to help, would you know if someone were trying to gain access to your money
- [A simple approach to money management  when you’re starting out](https://www.fortax.ca/a-simple-approach-to-money-management-when-youre-starting-out/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] A simple approach to money management when you’re starting out When you’ve finished school and are trying to get your career off the ground, there’s a lot to worry about. Don’t let finances be one of them. Follow these basic rules of money management. 1. Pay down
- [Are you paying your “retirement tax”?](https://www.fortax.ca/are-you-paying-your-retirement-tax/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Are you paying your “retirement tax”? As a Canadian consumer, you pay quite a bit in taxes. If you live in the province of Ontario, for example, in addition to income and other types of taxes, you’re paying 13% in HST on the majority of your purchases.
- [6 Estate Planning Essentials](https://www.fortax.ca/6-estate-planning-essentials/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] 6 Estate Planning Essentials A recent poll by Angus Reid Institute revealed that 51% of Canadians do not have a will. Many people believe they are too young to need one, or they don’t have enough assets. A will is the starting point of a good estate
- [5 Tips for the Soon-to-Be Retiree](https://www.fortax.ca/5-tips-for-the-soon-to-be-retiree/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] 5 Tips for the Soon-to-Be Retiree Making the conscious decision to stop working and move into retirement can be difficult. There are many worries that go along with it, chief among them being concern for your financial health. If you are nearing retirement age, here are some
- [7 Secrets Revealed by Your Financial Advisor](https://www.fortax.ca/7-secrets-revealed-by-your-financial-advisor/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] 7 Secrets Revealed by Your Financial Advisor You rely on your financial advisor to help guide your portfolio towards your goals. But did you know that there are several things you can do to take control of your financial picture today and into the future? Here are
- [Does Mental Health Qualify for an RDSP?](https://www.fortax.ca/does-mental-health-qualify-for-an-rdsp/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Does Mental Health Qualify for an RDSP? If you or someone you care about has a disability, the Government of Canada offers Canadians the chance to accumulate funds and provide financial security for disabled persons through the Registered Disability Savings Plan (RDSP). RDSPs operate in a similar
- [RRSP A few Rules to Remember](https://www.fortax.ca/rrsp-a-few-rules-to-remember/) - Contribution limits: Your annual contribution limit is 18% of your earned income from the previous year, up to a pre-determined limit.
- [Protect Your RRSP with Critical Illness Insurance](https://www.fortax.ca/protect-your-rrsp-with-critical-illness-insurance/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Protect Your RRSP with Critical Illness Insurance Now that RRSP season is here, Canadians across the country are making their contribution plans before the March 1st deadline. But how protected are their RRSP savings from unforeseen circumstances, such as critical illness? In the unfortunate event that you
- [How to Handle Market Volatility When Investing in Mutual Funds](https://www.fortax.ca/how-to-handle-market-volatility-when-investing-in-mutual-funds/) - How to Handle Market Volatility When Investing in Mutual Funds IntroductionAs a mutual fund investor, it’s important to know how to handle market volatility. When the market experiences sharp declines or steep increases, it can be challenging to maintain a steady hand and avoid making hasty decisions. However, it’s important to remember that volatility is
- [Dollar Cost Averaging: A Smart Investment Strategy for Long-Term Growth](https://www.fortax.ca/dollar-cost-averaging-a-smart-investment-strategy-for-long-term-growth/) - Dollar Cost Averaging: A Smart Investment Strategy for Long-Term Growth If you’re looking for a simple, yet effective investment strategy that can help you grow your wealth over the long term, you may want to consider dollar cost averaging. This strategy involves investing a fixed amount of money into a particular asset or investment at
- [Secure Your Financial Future: The Benefits of Working with a Financial Advisor for Wealth Planning](https://www.fortax.ca/secure-your-financial-future-the-benefits-of-working-with-a-financial-advisor-for-wealth-planning/) - The Benefits of Working with a Financial Advisor for Wealth Planning If you’re looking to secure your financial future, working with a financial advisor can be an excellent choice. A financial advisor can help you plan for retirement, create a budget, invest wisely, and more. In this article, we’ll discuss the benefits of using financial
- [The Benefits of Having a Comprehensive Wealth Management Plan](https://www.fortax.ca/the-benefits-of-having-a-comprehensive-wealth-management-plan/) - What is Comprehensive Wealth Management? As Canadians, we all want to have financial security and achieve our long-term financial goals. However, achieving financial security requires more than just earning money; it also requires smart financial planning and management. A comprehensive wealth management plan can help you achieve your financial goals by providing a holistic approach
- [Planning for Your Retirement: Understanding RRSP Contributions and Tax Deductions](https://www.fortax.ca/planning-for-your-retirement-understanding-rrsp-contributions-and-tax-deductions/) - If you are a resident of Canada, you may be familiar with the term RRSP or Registered Retirement Savings Plan. RRSPs are a popular investment option for Canadians, as they offer a number of tax benefits. One of the most significant benefits of contributing to an RRSP is the ability to claim a tax deduction.
- [The Beginner's Guide to Mutual Funds: Understanding the Basics and Getting Started](https://www.fortax.ca/the-beginners-guide-to-mutual-funds-understanding-the-basics-and-getting-started/) - Why Choose Mutual Funds?Whether you have prior investment experience or are new to the field, mutual funds can present a compelling option worth exploring. Mutual funds are a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities, managed by professional investment managers.
- [Maximize Your Tax Savings: Complete Your Canadian Income Tax Return with Confidence](https://www.fortax.ca/maximize-your-tax-savings-complete-your-canadian-income-tax-return-with-confidence/) - OverviewCanadian Income Tax Return is a process where you report your income and pay taxes to the Canadian government. Every year, taxpayers are required to file their tax returns by April 30th. Here are some things you need to know about Canadian Income Tax return: Who needs to file a tax return in Canada? Any
- [Life Insurance Explained](https://www.fortax.ca/life-insurance-explained/) - OverviewLife insurance is an essential component of financial planning, and it is crucial to have one to protect your loved ones in case of an unexpected event. In Canada, life insurance provides financial support to the beneficiaries of the policyholder in the event of their death.How does a life insurance work?When you purchase a life
- [RRSP Vs. TFSA? Which one is right for you?](https://www.fortax.ca/rrsp-vs-tfsa-which-one-is-right-for-you/) - Overview As Canadians, it’s important to consider the best ways to save money for our future. Two popular investment vehicles are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Both RRSP and TFSA offer unique benefits, and it’s essential to understand their features to determine which one is right for you.
- [Good Tenants Are Key](https://www.fortax.ca/good-tenants-are-key/) - To be a successful landlord, you need the skills to manage your tenants. Each province has its own rental laws. Understand what applies to your target area before investing.
- [How COVID is influencing home ownership](https://www.fortax.ca/how-covid-is-influencing-home-ownership/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How COVID is influencing home ownership COVID-19 has affected most aspects of our lives, including where we’re choosing to live. Many city dwellers are looking to get out of the high-density downtown core and switch to suburban or rural living. For those who own a home, it’s
- [Plan It Out](https://www.fortax.ca/plan-it-out/) - For a property you are considering, calculate the monthly rental income and subtract the expenses. This reveals the cash flow you can reasonably expect. Your Carte Financial Advisor can help with this.
- [Learn the Warning Signs of Investment Fraud: Flag High Returns at Low Risk](https://www.fortax.ca/learn-the-warning-signs-of-investment-fraud-flag-high-returns-at-low-risk/) - Learn the Warning Signs of Investment Fraud: Flag High Returns at Low Risk It’s easy to spot Investment fraud when you know what it looks like. You could be approached through text, email, phone calls, or in groups or financial courses. There are clear warning signs. Protect yourself by knowing them. Ensure anyone offering financial
- [Learn the Warning Signs of Investment Fraud: If You Get A Hot Tip to Make Quick Money](https://www.fortax.ca/learn-the-warning-signs-of-investment-fraud-if-you-get-a-hot-tip-to-make-quick-money/) - Learn the Warning Signs of Investment Fraud: If You Get A Hot Tip to Make Quick Money It’s easy to spot Investment fraud when you know what it looks like. You could be approached through text, email, phone calls, or in groups or financial courses. There are clear warning signs. Protect yourself by knowing them.
- [Learn the Warning Signs of Investment Fraud: Never Feel Pressured to Buy](https://www.fortax.ca/learn-the-warning-signs-of-investment-fraud-never-feel-pressured-to-buy/) - Learn the Warning Signs of Investment Fraud: Never Feel Pressured to Buy It’s easy to spot Investment fraud when you know what it looks like. You could be approached through text, email, phone calls, or in groups or financial courses. There are clear warning signs. Protect yourself by knowing them. Ensure anyone offering financial advice
- [New Tax Credits to be Claimed](https://www.fortax.ca/new-tax-credits-to-be-claimed/) - New Tax Credits to be Claimed This tax season introduces the digital news subscription tax credit. The non- refundable tax credit, intended to support Canadian media, will extend to 2025. Up to $500 can be claimed in return for subscribing to certain kinds of news-focused media. It’s not new this year, but the Canada Training
- [Tax Season: Tackle Math Anxiety](https://www.fortax.ca/tax-season-tackle-math-anxiety/) - Tax Season: Tackle Math Anxiety Tax season can shine a spotlight on your financial worries. Just thinking about filing your tax return might bring on stress symptoms. Tune down that tension with some smart strategies to help you feel more in control of your finances. Build your wealth and turn tax time to your advantage.
- [Be Shrewd With Your Savings](https://www.fortax.ca/be-shrewd-with-your-savings/) - Be Shrewd With Your Savings Cash flow management is vitally important to your wealth strategy. Debt management, planning for your taxes, and smart budgeting will bring you to next tax season feeling flush. A Tax-Free Savings Account (TFSA) is a great place to sock away savings each month. For next year’s tax bill; or for
- [Make Your Refund Grow Your Wealth](https://www.fortax.ca/make-your-refund-grow-your-wealth/) - Make Your Refund Grow Your Wealth Many people welcome their tax refund indulgently. With plans to spend it on a great vacation, or some fun evenings out, or other pleasures. It’s important to enjoy life, but if this is your yearly habit, consider how it impacts your wealth goals. Putting off the self-gratification can produce
- [You Can Have It All! Invest Responsibly and Profitably](https://www.fortax.ca/you-can-have-it-all-invest-responsibly-and-profitably/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Do you know about Responsible Investing? Let me tell you about our team of advisors. As a client, you need an advisor to trust when it comes to your future. Your financial plan. We’re all in different stages of life; starting a business or a family, saving
- [Permanent or Term Life Insurance, Which Is Best?](https://www.fortax.ca/permanent-or-term-life-insurance-which-is-best/) - Permanent or Term Life Insurance, Which Is Best? Life insurance ensures your family is protected. It offers peace of mind: your loved ones will be safely supported. But how do you choose between term and permanent life insurance? It depends on your budget, how long you need the coverage and your long-term plans. Consider your
- [Life Insurance Creates Certainty in Uncertain Times](https://www.fortax.ca/life-insurance-creates-certainty-in-uncertain-times/) - Life Insurance Creates Certainty in Uncertain Times One of the harshest lessons from the Covid-19 pandemic is how truly uncertain life can be. Take a moment to realistically consider how your family will manage if you weren’t in the picture. It may be uncomfortable to think about, but ensuring their protection means doing some smart,
- [Who Can Benefit from an HSA?](https://www.fortax.ca/who-can-benefit-from-an-hsa/) - Who Can Benefit from an HSA? When it comes to supporting the health needs of your employees - and your own family - a health spending account (HSA) offers more flexibility and financial power compared to group benefits. The HSA meets today’s consumer demand for custom tailored services while providing impressive tax efficiencies and advantages.
- [Make Your Money Go Farther](https://www.fortax.ca/make-your-money-go-farther/) - Make Your Money Go Farther When it comes to supporting the health needs of your employees - and your own family - a health spending account (HSA) offers more flexibility and financial power compared to group benefits. The HSA meets today’s consumer demand for custom tailored services while providing impressive tax efficiencies and advantages. An
- [Meeting Consumer Demand](https://www.fortax.ca/meeting-consumer-demand/) - Meeting Consumer Demand When it comes to supporting the health needs of your employees ̶ and your own family ̶ a health spending account (HSA) offers more flexibility and financial power compared to group benefits. The HSA meets today’s consumer demand for custom tailored services while providing impressive tax efficiencies and advantages. With an HSA
- [Setting Up an HSA Program](https://www.fortax.ca/setting-up-an-hsa-program/) - Setting Up an HSA Program When it comes to supporting the health needs of your employees - and your own family - a health spending account (HSA) offers more flexibility and financial power compared to group benefits. The HSA meets today’s consumer demand for custom tailored services while providing impressive tax efficiencies and advantages. Because
- [Why A Segregated Fund Is Worth It](https://www.fortax.ca/why-a-segregated-fund-is-worth-it/) - Why A Segregated Fund Is Worth It In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected. How They
- [Retirement Protection Against Downturns](https://www.fortax.ca/retirement-protection-against-downturns/) - Retirement Protection Against Downturns In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected. As you draw near to
- [Protection For Business Assets](https://www.fortax.ca/protection-for-business-assets/) - Protection For Business Assets In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected. If you’re a business owner
- [Privacy And Estate Planning](https://www.fortax.ca/privacy-and-estate-planning/) - Privacy And Estate Planning In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected. Because your segregated fund is
- [Turn Taxes into income](https://www.fortax.ca/turn-taxes-into-income/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Three Smart Ways to Turn Income Tax into Cash No one likes to think about filing for income tax. Although the thought of a tidy return is pleasant, it would be nice if we could keep more of our hard-earned money in our pockets. The good news
- [Keep Moving forward with our Business Protection Plan](https://www.fortax.ca/keep-moving-forward-business-protection-plan/) - Business Protection Plan As a business owner, we know that any unexpected life crisis can pull you away from your company, but it must be ‘business as usual’ and overhead expenses continue. Our business protection plan can give you peace of mind for your future [gap height="5em"] [row style="collapse" v_align="middle" h_align="center" class="lb"] [col span="6" span__sm="12"
- [Do what most Canadians are not doing before retirement](https://www.fortax.ca/do-what-most-canadians-are-not-doing-before-retirement/) - Are you paying your “retirement tax”? As a Canadian consumer, you pay quite a bit in taxes. If you live in the province of Ontario, for example, in addition to income and other types of taxes, you’re paying 13% in HST on the majority of your purchases. For the most part, we accept paying sales
- [Could a Spousal RRSP Help You?](https://www.fortax.ca/could-a-spousal-rrsp-help-you/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Could a Spousal RRSP Help You? Most people are familiar with how RRSP contributions can help them save money and reduce their tax bill. For some couples, a spousal RRSP can be an especially effective way to do this. How a spousal RRSP helps Spousal RRSPs are
- [Honesty is the best policy with your financial advisor](https://www.fortax.ca/honesty-is-the-best-policy-with-your-financial-advisor/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Honesty is the best policy with your financial advisor Money is a very personal topic that many people find difficult to discuss. One person with whom you have to talk about money is your financial advisor. In order for your advisor to help you to their fullest
- [10 common tax mistakes to avoid](https://www.fortax.ca/10-common-tax-mistakes-to-avoid/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] 10 common tax mistakes to avoid Every year, thousands of Canadians make errors when they prepare their income tax returns. These may go unnoticed — or they could result in an unexpected payment or penalty. Play it safe and avoid these common errors. Filing late. Be sure
- [COVID Strategy: Stay Calm and Safeguard Your Financial Plan](https://www.fortax.ca/covid-strategy-stay-calm-and-safeguard-your-financial-plan/) - Listen to this Podcast [divider width="100%" height="1.5px"] COVID Strategy: Stay Calm and Safeguard Your Financial Plan As we’ve seen in the first quarter of 2020, a crisis can strike at any moment. When this happens, naturally we want to protect what is most important to us. This includes our health, our finances, and our family.
- [Tax Time Crib Notes](https://www.fortax.ca/tax-time-crib-notes/) - Listen to this Podcast [divider width="100%" height="1.5px"] Tax Time Crib Notes The deadline for filing your 2019 personal tax return is just around the corner. Typically, the deadline to file is April 30. Due to COVID-19 the filing due date for individuals has been deferred until June 1, 2020. Learn more here. If you file
- [How will COVID-19 affect your retirement?](https://www.fortax.ca/how-will-covid-19-affect-your-retirement/) - Listen to this Podcast [divider width="100%" height="1.5px"] How will COVID-19 affect your retirement? There isn’t a single person who hasn’t somehow been affected by the coronavirus, both socially and economically. The effects can be particularly dramatic if you’re retired or nearing retirement. Here are some of the implications to be thinking about. If you’re retired…
- [How to deal with sudden income loss](https://www.fortax.ca/how-to-deal-with-sudden-income-loss/) - Listen to this Podcast [divider width="100%" height="1.5px"] How to deal with sudden income loss If COVID-19 and its aftermath have left you without work — or without enough work — it’s time to hit the reset button on all things money-related. Here’s a cheat sheet for dealing with the new normal when the outlook is
- [Good News About Life and Critical Illness Insurance](https://www.fortax.ca/good-news-about-life-and-critical-illness-insurance/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Good News About Life and Critical Illness Insurance The COVID-19 pandemic has reminded us that anyone could confront a debilitating, potentially life-threatening condition at any time. This makes it more important than ever before to have the right insurance products in place — including both life and
- [How to help your kids without hurting your bottom line](https://www.fortax.ca/how-to-help-your-kids-without-hurting-your-bottom-line/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How to help your kids without hurting your bottom line It’s tougher than ever for young adults just starting out to establish themselves, with many facing reduced employment or job layoffs due to COVID-19. As a result, some young people are turning to their parents for help
- [Why saving for your child’s education is more important than ever](https://www.fortax.ca/why-saving-for-your-childs-education-is-more-important-than-ever/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Why saving for your child’s education is more important than ever Post-secondary education has never been more important to a secure livelihood. Canadians with a university degree earn significantly more than their counterparts without one. This is particularly true for young women. A female with a bachelor’s
- [Are you over insured?](https://www.fortax.ca/are-you-over-insured/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Are you over insured? If you are considering the full picture of your financial health, it’s likely you have quite a few insurance policies. In addition to auto and homeowner or tenant insurance, you may have life and disability or critical illness insurance, and possibly creditor insurance
- [Six ways to power up your RRSP throughout your career](https://www.fortax.ca/six-ways-to-power-up-your-rrsp-throughout-your-career/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Six ways to power up your RRSP throughout your career Why has the Registered Retirement Savings Plan (RRSP) remained so popular over the years? Because it continues to be a tax-efficient way to save money. No matter what point you are at, professionally, the flexibility of this
- [Learn the Warning Signs of Investment Fraud: Check Them Out](https://www.fortax.ca/learn-the-warning-signs-of-investment-fraud-check-them-out/) - Learn the Warning Signs of Investment Fraud: Check Them Out It’s easy to spot Investment fraud when you know what it looks like. You could be approached through text, email, phone calls, or in groups or financial courses. There are clear warning signs. Protect yourself by knowing them. Ensure anyone offering financial advice or investment
- [Investment Protection](https://www.fortax.ca/investment-protection/) - Investment Protection In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected. Because your segregated fund is being professionally
- [Here’s A Flexible and Secure Investment Strategy](https://www.fortax.ca/heres-a-flexible-and-secure-investment-strategy/) - Here’s A Flexible and Secure Investment Strategy You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your money.
- [Guaranteed Spousal Support with Life Annuity](https://www.fortax.ca/guaranteed-spousal-support-with-life-annuity/) - Guaranteed Spousal Support with Life Annuity You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your money. A
- [Make Your Money Work Doubly Hard](https://www.fortax.ca/make-your-money-work-doubly-hard/) - Make Your Money Work Doubly Hard You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your money. Pair
- [Tap Into a Great Tax Strategy with Annuity](https://www.fortax.ca/tap-into-a-great-tax-strategy-with-annuity/) - Tap Into a Great Tax Strategy with Annuity You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your
- [Decide to Invest Smart Now!](https://www.fortax.ca/decide-to-invest-now/) - Decide to Invest Smart Now! Setting financial goals and milestones is a great idea. But it will be ineffective unless you have a clear investment plan to help track your progress. This is a critical step to achieving your long-term financial objectives. Without it, your money goals are no more than wishful thinking. Based on
- [Ensure Your Investment Safety and Growth](https://www.fortax.ca/ensure-your-investment-safety-and-growth/) - Ensure Your Investment Safety and Growth Setting financial goals and milestones is a great idea. But it will be ineffective unless you have a clear investment plan to help track your progress. This is a critical step to achieving your long-term financial objectives. Without it, your money goals are no more than wishful thinking. Are
- [Here is the Difference Between Investing and Saving](https://www.fortax.ca/difference-between-investing-and-saving/) - Here is the Difference Between Investing and Saving Setting financial goals and milestones is a great idea. But it will be ineffective unless you have a clear investment plan to help track your progress. This is a critical step to achieving your long-term financial objectives. Without it, your money goals are no more than wishful
- [How to Plan Investing According to Your Goals in Life?](https://www.fortax.ca/plan-investment-according-to-your-life-goals/) - How to Plan Investing According to Your Goals in Life? In order to create consistent success with your investing, you need to be clear about what you are doing: the risks you are taking, and what potential rewards they bring. Using your age and risk tolerance, your FORTAX Financial Advisor can help you develop investing
- [Reasons to Invest in Secure Assets](https://www.fortax.ca/reasons-to-invest-in-secure-assets/) - Reasons to Invest in Secure Assets Setting financial goals and milestones is a great idea. But it will be ineffective unless you have a clear investment plan to help track your progress. This is a critical step to achieving your long-term financial objectives. Without it, your money goals are no more than wishful thinking. Think
- [What does financial planning look like at different life stages?](https://www.fortax.ca/what-does-financial-planning-look-like-at-different-life-stages/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] What does financial planning look like at different life stages? Introduction Growing your wealth and security. It’s a life-long commitment, offering lasting rewards. How should your financial planning change as you grow older? What priorities do you need to focus on at different stages of your life?
- [What are Bonds and How They Work?](https://www.fortax.ca/what-are-bonds-and-how-they-work/) - What are Bonds and How They Work? The value of mutual funds, stocks, and other securities can fluctuate dramatically, but high-quality bonds offer a guaranteed rate of return. They also provide passive income, with low risk, and their value will typically increase at a time when other asset classes are declining. Think of bonds like
- [Protecting Your Retirement with Bonds](https://www.fortax.ca/protect-your-retirement-with-bonds/) - Protecting Your Retirement with Bonds The value of mutual funds, stocks, and other securities can fluctuate dramatically, but high-quality bonds offer a guaranteed rate of return. They also provide passive income, with low risk, and their value will typically increase at a time when other asset classes are declining. By holding a mix of both
- [GICs vs. Bonds and Liquid Cash](https://www.fortax.ca/gics-vs-bonds-and-liquid-cash/) - GICs vs. Bonds and Liquid Cash The value of mutual funds, stocks, and other securities can fluctuate dramatically, but high-quality bonds offer a guaranteed rate of return. They also provide passive income, with low risk, and their value will typically increase at a time when other asset classes are declining. Guaranteed Investment Certificates are typically
- [What are Bonds' Risks and Return?](https://www.fortax.ca/bonds-risks-and-returns/) - What are Bonds' Risks and Return? The value of mutual funds, stocks, and other securities can fluctuate dramatically, but high-quality bonds offer a guaranteed rate of return. They also provide passive income, with low risk, and their value will typically increase at a time when other asset classes are declining. Bonds are considered safer than
- [Knowledge is Key to Success with Bonds](https://www.fortax.ca/knowledge-is-key-to-success-with-bonds/) - Knowledge is Key to Success with Bonds The value of mutual funds, stocks, and other securities can fluctuate dramatically, but high-quality bonds offer a guaranteed rate of return. They also provide passive income, with low risk, and their value will typically increase at a time when other asset classes are declining. Bonds aren’t insured. You
- [The Trend and The Potential of the Crypto Market](https://www.fortax.ca/trend-and-potential-of-crypto-market/) - The Trend and The Potential of the Crypto Market Investing in cryptocurrency is a hot trend. It can be highly profitable, but you can also find all your money is unexpectedly lost. Is digital currency right for your portfolio? Yes, if you reduce the risk with strategies that safely turn this emerging asset class to
- [As An Emerging Industry, Crypto Market is Volatile](https://www.fortax.ca/crypto-market-is-volatile/) - As An Emerging Industry, Crypto Market is Volatile Investing in cryptocurrency is a hot trend. It can be highly profitable, but you can also find all your money is unexpectedly lost. Is digital currency right for your portfolio? Yes, if you reduce the risk with strategies that safely turn this emerging asset class to your
- [How to Manage Unexpected Risks with Crypto](https://www.fortax.ca/manage-unexpected-risks-with-crypto/) - How to Manage Unexpected Risks with Crypto Investing in cryptocurrency is a hot trend. It can be highly profitable, but you can also find all your money is unexpectedly lost. Is digital currency right for your portfolio? Yes, if you reduce the risk with strategies that safely turn this emerging asset class to your advantage.
- [Which Premiums Are More Affordable?](https://www.fortax.ca/which-premiums-are-more-affordable/) - Which Premiums Are More Affordable? Life insurance ensures your family is protected. It offers peace of mind: your loved ones will be safely supported. But how do you choose between term and permanent life insurance? It depends on your budget, how long you need the coverage and your long-term plans. Term life insurance provides economical,
- [Plan for The Long Term](https://www.fortax.ca/plan-for-the-long-term/) - Plan for The Long Term Life insurance ensures your family is protected. It offers peace of mind: your loved ones will be safely supported. But how do you choose between term and permanent life insurance? It depends on your budget, how long you need the coverage and your long-term plans. The best life insurance for
- [Create A Living Legacy](https://www.fortax.ca/create-a-living-legacy/) - Create A Living Legacy Permanent life insurance is very useful for high-income earners. If you have an estate that will be subject to a lot of taxes, or you want to build an asset for your family, or you have long-term dependents, there are many valuable options. Your FORTAX Financial Advisor can show you all
- [Don’t Want to See A Doctor?](https://www.fortax.ca/dont-want-to-see-a-doctor/) - Don’t Want to See A Doctor? Life insurance ensures your family is protected. It offers peace of mind: your loved ones will be safely supported. But how do you choose between term and permanent life insurance? It depends on your budget, how long you need the coverage and your long-term plans. Are you tempted to
- [Here’s How Life Insurance Is Ideal for Estate Planning](https://www.fortax.ca/heres-how-life-insurance-is-ideal-for-estate-planning/) - Here’s How Life Insurance Is Ideal for Estate Planning Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for
- [Protect Family Assets](https://www.fortax.ca/protect-family-assets/) - Protect Family Assets Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for your family. You naturally want to
- [Create an Estate for Your Heirs](https://www.fortax.ca/create-an-estate-for-your-heirs/) - Create an Estate for Your Heirs Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for your family. Within
- [Beneficiaries and Dependents](https://www.fortax.ca/beneficiaries-and-dependents/) - Beneficiaries and Dependents Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for your family. To ensure the death
- [Debt and The Family Business](https://www.fortax.ca/debt-and-the-family-business/) - Debt and The Family Business Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for your family. Estate planning
- [Consider the Benefits of Joint Life Insurance.](https://www.fortax.ca/consider-the-benefits-of-joint-life-insurance/) - Consider the Benefits of Joint Life Insurance. Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last-to-die. Each has different uses, depending on your insurance needs. Who
- [Joint First-To-Die for Business](https://www.fortax.ca/joint-first-to-die-for-business/) - Joint First-To-Die for Business Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last-to-die. Each has different uses, depending on your insurance needs. Business partners are essential
- [Joint Last-To-Die for Estate Planning](https://www.fortax.ca/joint-last-to-die-for-estate-planning/) - Joint Last-To-Die for Estate Planning Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last-to-die. Each has different uses, depending on your insurance needs. A joint last-to-die
- [Double Payout](https://www.fortax.ca/double-payout/) - Double Payout Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last-to- die. Each has different uses, depending on your insurance needs. Many companies offer a double
- [Risk and Qualifying](https://www.fortax.ca/risk-and-qualifying/) - Risk and Qualifying Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last- to-die. Each has different uses, depending on your insurance needs. If you have a
- [Change the Conversation](https://www.fortax.ca/change-the-conversation/) - Change the Conversation One of the harshest lessons from the Covid-19 pandemic is how truly uncertain life can be. Take a moment to realistically consider how your family will manage if you weren’t in the picture. It may be uncomfortable to think about, but ensuring their protection means doing some smart, advance planning. If you
- [Support the Vulnerable Child](https://www.fortax.ca/support-the-vulnerable-child/) - Support the Vulnerable Child Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last- to-die. Each has different uses, depending on your insurance needs. How can you
- [Joint Insurance Is Affordable](https://www.fortax.ca/joint-insurance-is-affordable/) - Joint Insurance Is Affordable Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last- to-die. Each has different uses, depending on your insurance needs. You want permanent
- [Treat Cash Flow Like Royalty](https://www.fortax.ca/treat-cash-flow-like-royalty/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Treat Cash Flow Like Royalty Make cash flow your personal monarch. It is essential for a prosperous future. Because a key part of any wealth strategy involves using your money to make more money. Cash flow management is central to financial planning. Think about how you lived
- [Power Up Your Group Benefits with Health Spending Accounts](https://www.fortax.ca/power-up-your-group-benefits-with-health-spending-accounts/) - Power Up Your Group Benefits with Health Spending Accounts When it comes to supporting the health needs of your employees ̶ and your own family ̶ a health spending account (HSA) offers more flexibility and financial power compared to group benefits. The HSA meets today’s consumer demand for custom tailored services while providing impressive tax
- [Value To Your Company](https://www.fortax.ca/value-to-your-company/) - Value To Your Company Most established businesses offer group benefits, and most employee’s expect them. For a growing business with a tight budget, you might wonder if it’s worth the cost. Investing in a good benefits program helps attract and keep top employees. It can greatly enhance the prestige and success of your business. Consider
- [Demonstrate Your Success](https://www.fortax.ca/demonstrate-your-success/) - Demonstrate Your Success Most established businesses offer group benefits, and most employee’s expect them. For a growing business with a tight budget, you might wonder if it’s worth the cost. Investing in a good benefits program helps attract and keep top employees. It can greatly enhance the prestige and success of your business. When your
- [What’s The Benefit of Offering Group Benefits?](https://www.fortax.ca/whats-the-benefit-of-offering-group-benefits/) - What’s The Benefit of Offering Group Benefits? Most established businesses offer group benefits, and most employee’s expect them. For a growing business with a tight budget, you might wonder if it’s worth the cost. Investing in a good benefits program helps attract and keep top employees. It can greatly enhance the prestige and success of
- [Build Your Benefits](https://www.fortax.ca/build-your-benefits/) - Build Your Benefits Most established businesses offer group benefits, and most employee’s expect them. For a growing business with a tight budget, you might wonder if it’s worth the cost. Investing in a good benefits program helps attract and keep top employees. It can greatly enhance the prestige and success of your business. You may
- [Grow Your Benefits](https://www.fortax.ca/grow-your-benefits/) - Grow Your Benefits Most established businesses offer group benefits, and most employee’s expect them. For a growing business with a tight budget, you might wonder if it’s worth the cost. Investing in a good benefits program helps attract and keep top employees. It can greatly enhance the prestige and success of your business. For a
- [Managing Risk](https://www.fortax.ca/managing-risk/) - Managing Risk In today’s volatile market, it’s a great time to invest in segregated funds because of the financial protection they offer as they grow in value. These insured investments provide satisfying performance along with the comfort of knowing that your money will always be insulated against whatever global disruptions might occur. Many strategists believe
- [Here Is How To Insure Your Investment Against Disaster](https://www.fortax.ca/here-is-how-to-insure-your-investment-against-disaster/) - Here Is How To Insure Your Investment Against Disaster In today’s volatile market, it’s a great time to invest in segregated funds because of the financial protection they offer as they grow in value. These insured investments provide satisfying performance along with the comfort of knowing that your money will always be insulated against whatever
- [Lock In Your Gains with High Performance Investments](https://www.fortax.ca/lock-in-your-gains-with-high-performance-investments/) - Lock In Your Gains with High Performance Investments In today’s volatile market, it’s a great time to invest in segregated funds because of the financial protection they offer as they grow in value. These insured investments provide satisfying performance along with the comfort of knowing that your money will always be insulated against whatever global
- [Increase Your Investment’s Growth And Safety](https://www.fortax.ca/increase-your-investments-growth-and-safety/) - Increase Your Investment’s Growth And Safety In today’s volatile market, it’s a great time to invest in segregated funds because of the financial protection they offer as they grow in value. These insured investments provide satisfying performance along with the comfort of knowing that your money will always be insulated against whatever global disruptions might
- [How to win with higher investment risk](https://www.fortax.ca/how-to-win-with-higher-investment-risk/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] How to win with higher investment risk If your money isn’t simply sitting in your bank account, then you’re trying to make it grow. This involves some level of risk. The amount of risk you are comfortable with has a big impact on how much money you
- [Add Stability and Support to Your Life](https://www.fortax.ca/add-stability-and-support-to-your-life/) - Add Stability and Support to Your Life If something awful should happen, how will you support yourself? Long Term Disability (LTD) insurance works when you can’t. It provides monthly benefits if an illness or accident should derail your working life. This money is typically tax free. Most workplace LTD policies pay a monthly benefit for
- [One Way to Protect Your Wealth](https://www.fortax.ca/one-way-to-protect-your-wealth/) - One Way to Protect Your Wealth As of 2017, there were 6.9 million Canadians living with a disability, of which 60% are between the ages of 24 and 65 years. Of these, the people living with a severe disability are 69% less likely to be working, according to Statistics Canada. When a person without LTD
- [Live a Lifetime of Value with LTD Insurance](https://www.fortax.ca/live-a-lifetime-of-value-with-ltd-insurance/) - Live a Lifetime of Value with LTD Insurance How much LTD insurance is right for you? To understand what you need, project your income over the rest of your working life. For example, let’s say you’re 30 years old, making $80,000 a year. You will earn $2,800,000 in total income by the time you reach
- [Here Is Why LTD Insurance Details Matter](https://www.fortax.ca/here-is-why-ltd-insurance-details-matter/) - Here Is Why LTD Insurance Details Matter A private LTD policy can be highly personalized to exactly fit your needs. There are riders (optional provisions) that tailor the type of benefits you can expect, such as having your pension contributions topped up. You can start with a smaller policy and add a rider that allows
- [Take Control of Your Finances with Manulife’s All-In- One Account](https://www.fortax.ca/take-control-of-your-finances-with-manulifes-all-in-one-account/) - Take Control of Your Finances with Manulife’s All-In- One Account Imagine a banking system that streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all-in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your
- [Get Immediate Access to Cash Using Home Equity](https://www.fortax.ca/get-immediate-access-to-cash-using-home-equity/) - Get Immediate Access to Cash Using Home Equity Imagine a banking system that streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all-in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses. Welcome
- [Enjoy Financial Flexibility with Manulife’s All-In-One Account](https://www.fortax.ca/enjoy-financial-flexibility-with-manulifes-all-in-one-account/) - Enjoy Financial Flexibility with Manulife’s All-In-One Account Imagine a banking system that streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all- in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses. Welcome
- [Track your Debts Separately to Simplify Tax Deductions](https://www.fortax.ca/track-your-debts-separately-to-simplify-tax-deductions/) - Track your Debts Separately to Simplify Tax Deductions Imagine a banking service that can streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all-in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses.
- [Borrow to Invest with Manulife One Account](https://www.fortax.ca/borrow-to-invest-with-manulife-one-account/) - Borrow to Invest with Manulife One Account Imagine a banking service that can streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all-in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses. Welcome
- [Save On Taxes and Stress While Investing](https://www.fortax.ca/save-on-taxes-and-stress-while-investing/) - Save On Taxes and Stress While Investing You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your money.
- [Is Cryptocurrency A Good Long-Term Investment?](https://www.fortax.ca/is-crytocurrency-good-longterm-investment/) - Is Cryptocurrency A Good Long-Term Investment? Investing in cryptocurrency is a hot trend. It can be highly profitable, but you can also find all your money is unexpectedly lost. Is digital currency right for your portfolio? Yes, if you reduce the risk with strategies that safely turn this emerging asset class to your advantage. Cryptocurrency
- [What would you have invested in 10 years ago? Long Term Wealth](https://www.fortax.ca/long-term-wealth/) - What would you have invested in 10 years ago? Long Term Wealth Think back to a decade ago and the investing strategy you were following. If your wealth has been growing, it’s because you had some sort of plan. Right now, your next 10 years of money moves have begun. How can you make the
- [Buy and Forget](https://www.fortax.ca/buy-and-forget/) - Buy and Forget Think back to a decade ago and the investing strategy you were following. If your wealth has been growing, it’s because you had some sort of plan. Right now, your next 10 years of money moves have begun. How can you make the most of the time ahead? Warren Buffet is legendary
- [Look at the Players, Not the Price](https://www.fortax.ca/look-at-the-players-not-the-price/) - Look at the Players, Not the Price Think back to a decade ago and the investing strategy you were following. If your wealth has been growing, it’s because you had some sort of plan. Right now, your next 10 years of money moves have begun. How can you make the most of the time ahead?
- [Try To Get In Early](https://www.fortax.ca/try-to-get-in-early/) - Try To Get In Early Think back to a decade ago and the investing strategy you were following. If your wealth has been growing, it’s because you had some sort of plan. Right now, your next 10 years of money moves have begun. How can you make the most of the time ahead? As an
- [Sectors To Watch](https://www.fortax.ca/sectors-to-watch/) - Sectors To Watch Today’s emerging trends could become your competitive advantage for the next 10 years. Ask yourself: is this trend going to stay? Discuss it with your FORTAX Financial Advisor; its importance, and how long it could last. Consider, for example, the pandemic’s impact on corporate business models, creating issues such as supply chain
- [Turn Your Savings Into Income](https://www.fortax.ca/turn-your-savings-into-income/) - Turn Your Savings Into Income Passive income is one of the most delightful ways to enhance your retirement fund. Use your current assets to generate revenue, so that money flows continuously into your life. Once established, you won’t need to put a lot of effort into keeping it going. In these days of steeply rising
- [More Than Your Pension](https://www.fortax.ca/more-than-your-pension/) - More Than Your Pension Your pension may not give you the comfortable retirement you’re hoping for. If this is what you want, then plan it with the help of your FORTAX Financial Advisor. Develop a clear picture of how much after-tax income you’ll need. This sets your goal. It gets you thinking about how you
- [Hard Working Money](https://www.fortax.ca/hard-working-money/) - Hard Working Money How much of an investment portfolio will provide enough passive income for your retirement dreams? Your FORTAX Financial Advisor can help you estimate this, and then achieve it. For example, if you want to live on $50,000 yearly when you finally retire, you will need to build a million-dollar portfolio by that
- [What Does 'Rich' Mean?](https://www.fortax.ca/what-does-rich-mean/) - What Does 'Rich' Mean? Being rich isn’t always about a specific dollar amount. Retirement dreams, and the finances that fuel these plans, are different for each person. How much money will you be needing for your dream? It all depends on your lifestyle preferences, combined with any fixed expenses. Make it your goal to create
- [Everyone should have multiple income sources](https://www.fortax.ca/everyone-should-have-multiple-income-sources/) - Listen to this Podcast [gap] [divider width="100%" height="1.5px"] Everyone should have multiple income sources Introduction: These days, with lifestyle expenses soaring, everyone should be creating multiple revenue streams. One income just doesn’t cut it any more. On top of your job, two more ways you can bring in money are developing a side hustle and
- [What Is Your Home's Value?](https://www.fortax.ca/what-is-you-homes-value/) - What Is Your Home's Value? Are you utilizing the equity in your home as a way to offset all the expenses? Don’t just accept these costs as the price for living there. Use your home to make rental income. This will turn it into a powerful, revenue-producing asset that builds your wealth. In traditional financial
- [Use That Equity](https://www.fortax.ca/use-that-equity/) - Use That Equity You bought a home as a smart investment. It’s far preferable to throwing away your money on rent. However, all the carrying costs can actually make it more expensive than renting. There’s the insurance, utilities, and property taxes. You may also have monthly condominium fees. The interior and amenities must all be
- [Your Home, Your Wealth](https://www.fortax.ca/your-home-your-wealth/) - Your Home, Your Wealth Is Your Home An Asset Or A Liability? Most people don’t actually own their home. They own a mortgage and a lot of expenses. They live in a great place while hoping their asset will appreciate and become a valuable part of their retirement strategy. That’s a pretty vague wealth plan.
- [Taxes and Revenue](https://www.fortax.ca/taxes-and-revenue/) - In Canada, the mortgage on your home is not tax deductible, but the interest and banking fees from a rental mortgage are. Along with all reasonable expenses incurred to earn rental income. This includes property taxes, professional fees, repair and maintenance, advertising, utilities, and more.
- [Build Wealth With Your Home](https://www.fortax.ca/build-wealth-with-your-home/) - Turn your home from an expensive liability into an income-producing asset: leverage it to buy rental property. This kind of mortgage can bring a significant return on your investment (ROI). Your home is your castle, but it can also produce cash flow and build equity that accelerates your wealth.
- [Taxes: What Can You Deduct?](https://www.fortax.ca/taxes-what-can-you-deduct/) - With careful record keeping, you will save taxes and increase your cash flow. It will keep more revenue in your pocket.
- [More Than The Rent](https://www.fortax.ca/more-than-the-rent/) - Buying rental property is not just about the tenant income. Choose your purchase for its overall potential as an appreciable asset.
- [How a financial advisor helps you invest](https://www.fortax.ca/how-a-financial-advisor-helps-you-invest/) - When it comes to investing, many people think they can go it alone, either by figuring it out themselves, or by using a so-called robo-advisor.
- [Does Your Mortgage Insurance Cover All the Benefits?](https://www.fortax.ca/does-your-mortgage-insurance-cover-all-the-benefits/) - If you have a mortgage, you need mortgage insurance. Should someone in your family have an accident, become ill, or suffer something worse, mortgage insurance will help you meet your financial obligations.

## Pages

- [Home](https://www.fortax.ca/) - FORTAX provides financial services tailored specifically for Canadians. Our financial services and solutions cover everything from financial planning and portfolio management to tax preparation, insurance solutions, and estate planning. We value a holistic approach to ensure everyone, advisors and clients, succeeds and prospers together.
- [Services and Packages](https://www.fortax.ca/services-and-packages/) - The following packages are examples of what we can offer. We will customize a solution tailored to your specific situation. Pricing is fixed and billed monthly. No surprise bills, ever, guaranteed. Get Started Incorporated Business Owners Basic
- [Thank You!](https://www.fortax.ca/thank-you/) - Thank you! Your form has been submitted. Thank you for contacting us, we will respond soon! Home Page Linkedin Facebook Instagram Youtube
- [Privacy Policy](https://www.fortax.ca/privacy-policy/) - PRIVACY PROTECTION NOTICE FORTAX has always been committed to protecting the privacy of client personal information. We are pleased to provide you with our Privacy Protection Notice. It describes how we collect, hold, use and when needed, disclose your personal information. We are providing this notice in accordance with the Personal Information Protecting and Electronic
- [Blog and Resources](https://www.fortax.ca/blog/) - April 19, 2023 FORTAX How to Handle Market Volatility When Investing in Mutual Funds How to Handle Market Volatility When Investing in Mutual Funds IntroductionAs a mutual fund investor, it's important to know how... Read More April 11, 2023 FORTAX The Beginner’s Guide to Mutual Funds: Understanding the Basics and Getting Started Why Choose Mutual

## Job Openings

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- [Tax Preparer(s)](https://www.fortax.ca/jobs/tax-preparers/) - Tax Preparer(s) (Seasonal) FORTAX is seeking qualified Tax Preparers with former experience to join our team. We are a financial firm that strives to create unique, comprehensive, and efficient financial solutions for our clients. The FORTAX group offers Wealth Management, Tax Preparation/ Planning, and Insurance Services. We strive to make financial well-being a focus by
- [Tax Accountant](https://www.fortax.ca/jobs/tax-accountant/) - Tax Accountant FORTAX is seeking a qualified Accountant with former experience to join our team. We are a financial firm that strives to create unique, comprehensive, and efficient financial solutions for our clients. The FORTAX group offers Wealth Management, Tax Preparation/ Planning, and Insurance Services. We strive to make financial well-being a focus by channeling

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## Testimonial

- [Nicole S.](https://www.fortax.ca/testimonials/nicole-s/) - I called Fortax same day when I was literally outside the building and asked if he could do my taxes for 3 years! He was able to accommodate and I got a great return! Very nice and welcoming. Great for if you are unsure about taxes. If I could [give] 10 stars I would.
- [Alex and Olga](https://www.fortax.ca/testimonials/alex-and-olga/) - A friend of ours referred us to Michael because he knew that our financial situation was rather complicated. We had a small business and were quite stressed out. Michael was able to help us with sorting out our finances. We were also impressed by his patience and thoughtfulness, which was a big emotional support for
- [Caterine](https://www.fortax.ca/testimonials/caterine/) - Recomiendo 100% el servicio de Fortax, su amabilidad, instalaciones y servicio son unicos. Mi caso era especial y lo resolvieron sin ningun problema.
- [Lauren P.](https://www.fortax.ca/testimonials/lauren-p/) - Positive: Professionalism, Quality, Responsiveness, Value. I've been with Fortax for over 5 years now and while it may be a stressful time for many people, I've always felt a sense of calmness while dealing with my taxes. Their professionalism has really set the tone in getting the job done. I highly recommend doing your taxes
- [Thomas F.](https://www.fortax.ca/testimonials/thomas-f/) - Positive: Professionalism, Quality, Responsiveness, Value. We have been using Fortax for our personal taxes for two years. The team is very patient and understanding and kept us informed every step of the way. I would highly recommend this firm to anyone who wants a reliable and trustworthy accountant.
- [Ronald R.](https://www.fortax.ca/testimonials/ronald-r/) - I have used FORTAX over the last 4 years and always received great customer service. This team is professional, friendly and efficient. Their service is personalized and responsive to any requests. I highly recommend.

## RS Global Shortcodes

- [Yearly Price Table](https://www.fortax.ca/rselements_pro/yearly-price-table/) - Basic $15.99Per Year Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe Popular $29.99Per Year Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe Premium $79.99Per Year Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe
- [Monthly Price Table](https://www.fortax.ca/rselements_pro/monthly-price-table/) - Basic $9.99Per Month Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe Popular $19.99Per Month Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe Premium $49.99Per Month Standard Feature Another Great Feature Obsolete Feature Exciting Feature Subscribe

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## Testimonial Categories

- [Business](https://www.fortax.ca/testimonial-category/business/)