Ashley Xu
200 Yorkland Boulevard Suite 300 M2J 5C1 Toronto, ON, Canada

Love my job Love my clients

Love my job Love my clients

Love to all (by Mari Andrew)

Today at noon is our first virtual IG Wealth Management Walk for Alzheimer’s! While we can’t physically walk together right now, we can still connect on livestream with walkers and Alzheimer Societies from across Canada. When you walk, you’re sending a message of hope to Canadians living with dementia, and thousands more who care for them. When you fundraise, you’re promising them that help will always be available.

Love to all (by Mari Andrew)

We have officially kicked off the 2019 IG Wealth Management Walk for Alzheimer's, and are thrilled to once again partner with the Alzheimer Society to help the growing number of Canadian families impacted by this disease. Last year, we saw more than 30,000 participants in communities from coast-to-coast. This year, we hope to see that number grow as we continue our commitment of helping Canadians manage both the social and financial impact of dementia, empowering families with the tools and resources needed for a better tomorrow. #IGWalkforAlz

We have officially kicked off the 2019 IG Wealth Management Walk for Alzheimer's, and are thrilled to once again partner with the Alzheimer Society to help the growing number of Canadian families impacted by this disease. Last year, we saw more than 30,000 participants in communities from coast-to-coast. This year, we hope to see that number grow as we continue our commitment of helping Canadians manage both the social and financial impact of dementia, empowering families with the tools and resources needed for a better tomorrow. #IGWalkforAlz

Love to all (by Mari Andrew)

Love to all (by Mari Andrew)

Can't stress enough the importance of having a financial plan to help minimize tax, keep up with increased cost of living, and to make sure your investments are appropriate to achieve your goals.

While it’s better to make one big contribution before the RRSP deadline March 1, 2019 rather than skipping it altogether, consider contributing earlier or even monthly to avoid the last minute rush and boost your growth over time. Want to make RRSP season stress free? Make things easy by automatically moving money from your paycheque into an RRSP account.

We have officially kicked off the 2019 IG Wealth Management Walk for Alzheimer's, and are thrilled to once again partner with the Alzheimer Society to help the growing number of Canadian families impacted by this disease. Last year, we saw more than 30,000 participants in communities from coast-to-coast. This year, we hope to see that number grow as we continue our commitment of helping Canadians manage both the social and financial impact of dementia, empowering families with the tools and resources needed for a better tomorrow. #IGWalkforAlz

Happy International Women's Day! Let's strive for openness, and greater accessibility to finance and services for women.

While it’s better to make one big contribution before the RRSP deadline March 1, 2019 rather than skipping it altogether, consider contributing earlier or even monthly to avoid the last minute rush and boost your growth over time. Want to make RRSP season stress free? Make things easy by automatically moving money from your paycheque into an RRSP account.

If you're in a good financial position to shop on Black Friday & Cyber Monday, then I encourage you to open up your and wallet to others for #GivingTuesday. If money is tight, consider donating your time to an organization you believe in. Volunteering your skills is also a great no-cost way to do some good this holiday season!

2018 Ontario Budget had proposed to parallel the federal measure that phases out $500,000 small business deduction (SBD) for eligible corporations that earn passive investment income between $50,000 - $150,000 in a taxation year. November 15th's Economic Update proposes not to parallel this federal measure, meaning passive investment income will NOT impact access to the Ontario SBD for eligible Ontario small businesses, resulting in potential reductions upwards of $40,000 in Ontario taxes payable per year. Although the Economic Update does not provide any details as to how corporations are to deal with the tax reporting related to having a federal SBD that could differ from the provincial SBD

Low-Income Individuals and Family Tax Credit (LIFT): November 15th's Economic Update proposes a new non-refundable LIFT that would eliminate/reduce Ontario personal income tax for low-income taxpayers with employment income. The proposed credit would apply starting in 2019 and calculated as the lesser of:... $850 5.05% of employment income The amount would be reduced by % of the greater of: adjusted individual net income in excess of $30,000 adjusted family net income* in excess of $60,000 *income of the taxpayer + spouse/common-law partner To be eligible for the LIFT credit, the taxpayer must be resident in Canada at the beginning of the year and a resident of Ontario at the of the year.

Ontario taxation update: Highlights from November 15th's 2018 Ontario Economic Outlook & Fiscal Review: Proposals impacting individuals and families:... Personal surtax restored New Low-Income Individuals and Family Tax Credit Proposals impacting corporations: Passive investment income grind on the Small Business Deduction Employer Health Tax exemption Stay tuned for more details!

Seamless tax planning does exist and there are lots of tax savings opportunities as a small business owner. If you're in business for yourself (even part-time as a side hustle!), consider tax planning to find efficiencies and maximize earnings:

Wishing everyone a very happy Thanksgiving weekend!

We'd like to re-introduce ourselves to you. In the coming weeks, you'll notice our new name & logo online and in advertising. As always, you'll benefit from our trusted advice & holistic planning approach to achieving your #financial solutions. #IGWealth

Happy Civic Day! Enjoy the long weekend and great weather!

It's vital that you do your homework and fully educate yourself before you sign up for a RESP. Consumers need to know that they are taking on extra risk" [with Heritage Education Funds] when funding their kids' post-secondary. Even though the risks are outlined in their Prospectus, the document is beyond an average person’s understanding". With close to 500 complains since 2014, the article illustrates Heritage’s high pressure sales tactics and lack of transpare...ncy. I've summarized my concerns below, everything is taken word for word from their Prospectus and Plan Summary online: 1 Upfront sales fees: You pay sales charges upfront. All of your first 10 and part of your 11th contribution go toward the sales charge until half of the sales charge is paid off. Altogether, it will take you 33 months to pay off this sales charge (Prospectus pg. 29). If you cancel your plan in the first few years, you could end up with much less than you put in (Prospectus pg. 3). 2 Inflexible contribution schedule: If you withdraw your contributions early or do not meet the terms of the plan, you could lose some or all of your money (Prospectus pg. 2). Your plan will be in DEFAULT if you miss a contribution (Prospectus pg. 36). 3 Consider an individual plan instead of a group plan where they pool your earnings: Your contributions and any grants you receive from the government will be pooled for investment purposes together with the contributions and grants of other subscribers and beneficiaries (Prospectus pg. 10). If you cancel your plan prior to maturity, your income will go to the remaining members of your beneficiary group (Prospectus pg. 19). 4 Lack of investment choices, one size fits all may not appropriate for everyone: [Heritage takes] a long-term, conservative [] approach to managing assets (Prospectus pg. 21). The plan invests contributions less sales charges and fees and government grants in fixed income securities, such as government treasury bills, guaranteed investment certificates (GICs), mortgages and bonds (Plan Summary pg. 2). 5 Lack of flexibility: [Earnings and government grants] will be paid to your beneficiary ONLY if he or she enrolls in eligible studies (Prospectus pg. 12). [] If the beneficiary does not enroll in eligible studies or does not complete their program of study, [Heritage] will hold the remaining income in the plan until the beneficiary enrolls in eligible studies (Plan Summary pg. 3). 6 Additional fees: Long list of transaction fees and expenses listed on the Prospectus pages 29 to 31. Prospectus is available at: https://www.heritageresp.com/c/document_library/get_file Plan Summary is available at: https://www.heritageresp.com/c/document_library/get_file