It’s rather easy to sum up 2024. “It exceeded expectations” is the most obvious way to put it. Even the most optimistic projections were well shy of the eye-catching gains investors experienced across equity and fixed income markets in 2024. Positive market surprises shouldn’t come as too much of a shock though, as the markets have a way of making forecasting the year ahead a futile and frustrating exercise. The markets don’t operate on a timeline dictated by forecasts, which is why we prefer to focus on the trends with any forecast, rather than try and hit the bullseye.
When most of us think of year-end tax planning, we typically consider our personal situation. Yet, there are many tax opportunities for business owners to explore as we near the end of another calendar year.
As you begin to get ready to prepare your 2024 tax return, we want to ensure you’re aware of important upcoming dates and deadlines so you have everything you need to file your return with minimal hassle.
Creating a will means making big decisions that will impact your family for years after you’ve gone. While divvying up assets, assigning care for dependants and tax planning will take up most of your will-creating conversation, you’ll also have to consider who should be the executor of your will (or the liquidator in Quebec).
Canadians are pretty good at some aspects of estate planning. Almost half of Canadians have drawn up a will, and that number shoots up to 78% of Canadians aged 55-plus.
The 2024 federal budget tabled by Finance Minister Chrystia Freeland on April 16 contained several proposals that will impact the financial, tax and estate plans of Canadians. The following is a summary of the most relevant budget proposals that may impact Canadians.
At IG Private Wealth Management,we believe it takes a careful mix of expert financial knowledge and agility to get the best from today’s markets. That’s why we developed the iProfile Private Portfolios.
Canadian professionals including physicians, lawyers, dentists, and veterinarians choose to create a professional corporation for a wide variety of personal and financial reasons. Is it right for you?
Adding your adult child as a joint owner to your property could have unintended tax and legal consequences
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children.
Whether you’re leaving a little or a lot, the key to protecting your loved ones is simple: just start.
If you’re a U.S. taxpayer, learn about the additional information we can provide which allows you to make an important election for your investment in Canadian mutual funds and will make it easier to file your U.S. tax return.