March 24, 2022
Is Cryptocurrency for Investors or Speculators?
Can you name three things you can pay for with cryptocurrency in Canada? If you’re like most Canadians, you’re probably struggling for an answer, and this illustrates what makes cryptocurrency so unusual. Without fulfilling its purpose as a viable currency, it has become a worldwide investment phenomenon…
March 18, 2022
Single? Estate Planning is Still Important
It’s natural to think that estate planning for a single person would be less involved than for someone who’s married with children. But that’s not necessarily the case. Many estate planning measures that are made automatically by a married individual, such as leaving estate assets to their spouse, require more time and thought for a single person…
March 10, 2022
What to do When Retirement Approaches
When retirement arrives, you want to enjoy this new chapter in your life – not start off with a multitude of financial decisions and to-dos. You can have comfort instead of chores by taking care of a few financial matters as retirement is approaching…
February 24, 2022
Market Volatility: Russia’s “Peacekeeping” Operation
On Monday, the Russian government announced that they were officially recognizing Donetsk and Luhansk, two selfproclaimed separatist republics in eastern Ukraine. Read the full article by Dynamic Funds® Chief Investment Strategist: Myles Zyblock BA (Hons.), MA, CFA…
February 17, 2022
Save Tax by Splitting Income with Children
When you think of income splitting, what first comes to mind is likely moving taxable income to a lower-income spouse. But several income splitting opportunities with children are available and worth exploring. The more income you can transfer to others in a lower tax bracket, the more tax you save as a family…
February 10, 2022
Are RRSPs Still the Best Choice?
In retirement, there’s a tax-saving strategy called “topping up to bracket.” It’s used when funds in a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF) will eventually be withdrawn when you’re in a higher tax bracket…
February 3, 2022
How to Keep Your TFSA Aligned wth Your Goals
For 2022, you can contribute $6,000 to your Tax-Free Savings Account (TFSA), bringing the cumulative total of TFSA contributions to $81,500, or $163,000 between a couple. This means that a TFSA can help meet any investment objective…
January 27, 2022
Prepare for the Unexpected
One key outcome of the pandemic is the harsh reminder that anything can happen at any time. Many Canadians recognized the importance of having a financial cushion – especially business owners affected by COVID-19 shutdowns and those unable to work. We can’t predict if or when a challenge will arise, but we can prepare to manage the financial consequences. Here are examples of unexpected events and the solutions you can put in place in advance…
January 21, 2022
RRIF, meet JLTD
One of the tax breaks the government gives to couples takes place when the first spouse passes away. That person’s Registered Retirement Income Fund (RRIF) can be taken over by the surviving spouse without taxes being payable at the time. So those funds continue to grow on a tax-deferred basis. But what happens if the surviving spouse only takes the minimum required RRIF withdrawals throughout retirement?…
January 13th, 2022
Will Higher Inflation Lead to Higher Returns?
A lot of you may have noticed that some of your favourite products and services have become more expensive, or even out-of-stock. These are the side effects of central bank monetary policy and COVID-19 shutdowns. When consumer demand and inflation are going up, how can you be sure your investments do too?…