When it comes to saving for retirement, the laws of mathematics say the earlier you start, the better off you will be.

The internet is an efficient way for you to stay connected with family and friends. On the flipside, like any public environment, you need to be aware and cautious.  Fraudsters and scammers have particularly been active at trying to trick unsuspecting victims during the Covid-19 pandemic. Just as locks on your doors can help you secure your home and belongings, there are steps you can take to safeguard your computer and personal information.

Financial literacy is increasingly being recognized as a necessary life skill. After all, fluency in the language of finance can help pave the way to greater economic security, especially when proficiency is learned early on. That’s why core curriculum for children as young as elementary-school age now includes financial education alongside other basics like reading and math. Nevertheless, one of the best places to learn about money continues to be at home.

Have you ever given much thought about retirement?  If so, do you know what steps you have to take to get there? 

Truth is, many Canadians are waiting until it’s too late to properly prepare for retirement.  Are you going to let that be you or would you be willing to take a series of small, manageable steps to put yourself in a better financial position?  You may even be able to retire earlier than you initially thought.

With Thanksgiving right around the corner, now is a great time to reflect on some end of year financial “harvesting” tips you can easily implement in your business or personal life.

#1 – TAX LOSS HARVESTING

In a recent article, I shared the 4 “must-have” things you need to sell your business for a top dollar.  If you missed this article and want some easy tips on how to optimize the saleable value of your business, they can be accessed through the Compass Wealth blog by clicking here.

There is a misperception in Canada that the top income earners in our country generally do not pay their “fair share” of the overall tax burden.  Rhetoric from the Trudeau government since their first day in government would have you believe this idea.  However, the data would have you believe a different story. 

According to a survey conducted by the Canadian Federation of Independent Business in May 2018, nearly three quarters of Canadian business owners plan to exit their business within the next 10 years.  This is a staggering statistic and should provide all business owners the impetus to think more strategically about their future business goals and objectives. [1]

As a successful business owner, you know just how difficult it can be to turn on the lights in the morning and carry on your business with consistent success. Each day, you are faced with important decisions which can impact the success or failure of your business. Here are some practical tips for how you can combat the new passive investment income rules passed by the Federal government in 2018.

DO I HAVE ENOUGH MONEY TO RETIRE COMFORTABLY?

5 STEPS TO HELP YOU WORRY LESS ABOUT RETIREMENT

There are a lot of things on people’s minds these days.  Whether it’s the current state of our public institutions, fear over the economy or just simple day-to-day issues like the affordability of food and shelter, Canadians are walking around with a lot of worries.