Brandon Parkes

CRA Announces 1% indexation for Federal tax system in 2021. How does this affect your taxable income, your take home pay, and if and how much income tax you owe at year end? Check out the link below, then speak with your trusted Financial Planner/Accountant team to ensure you've been informed how this may affect you and how to stay ahead of it. ... [email protected] | (416) 450-8538 https://www.canada.ca//adjustment-personal-income-tax-bene #tax #financialplanning #retirement #taxes #accounting #money #financialfreedom

If you don't know the answers to these questions, YOU NEED TO FIND OUT: The earlier you have this data (of course it will change, but so will your plan), the faster your money will grow, the less tax you'll pay, and the easier your entire financial life will be and the more you'll enjoy along the way. 1. How much money do you spend each month as a household NOW.... 2. How much DESIRED, AFTER-TAX income do you want for the retirement that YOU deserve. (For example, would $5000 per month, net of taxes be enough? - Depends. When are you retiring? Is there still a mortgage, are there still kids in the house, are you going to travel? How frequently (Your retired remember)? Where to (Cuba or Australia)? What else will you enjoy? Almost everyone knows #1, almost nobody knows #2. Want to find out that number and make sure that it's attainable. Let's schedule a zoom or a call. [email protected] | (416) 450-8538 https://www.cnbc.com//this-is-a-retirement-surprise-youre- #money #wealth #retirement #retirementplanning #financialliteracy #financialplanning #family #travel #taxes #tfsa #rsp #stocks #RESP #miltonon #miltonstrong

If you'd like to hear what Jeremy Siegel, Professor of FInance at Wharton, market and economic expert has to say about the impact of the US election on Canadian and world markets, how the vaccine rollout can and will affect the economy, and what to expect and how to plan your long term financial outlook, please let me know. We'll be hosting a private event, exclusive to clients, but I would be happy to extend the invitation if you're interested. Please PM me anytime. Have a great weekend. Stay safe!

Buying and selling individual stocks can present significant gains, but they do come with equal risk. Furthermore, understanding leverage, and how to use the bank's money to do so can significantly heighten both ends of the scale. Should they be part of your plan? Have you been asked all the right questions to explore the risks and rewards, as well as the outcomes, tax planning opportunities and how it may fast-track you to your goals (or not be in the mix at all)? Let's arr...ange a conversation and see IF and HOW different equities may fit in your plan? https://seekingalpha.com//3640061-ev-maker-lion-electric-t

What to expect in 2021.... Managing uncertainty can be easy if you stay connected and stay engaged. Make sure that you're having regularly scheduled conversations to make sure you're on track and the volatility and change in our environment doesn't negatively impact your plan. Questions, or want to schedule a no-cost, no-commitment conversation?... [email protected] | (416) 450-8538 https://www.investorsgroup.com//bank-of-canada-warns-of-bu

2020 was humbling for some.... Terrifying for others.... An INCREDIBLE opportunity for some as well! If you have credit, or other non-mortgage debts left after 2020, you're not having the right conversations. If you haven't AT LEAST SEEN, a leverage strategy built to your incomes, expenses and goals ON PAPER, you're not having the right conversations. ... The ship hasn't sailed yet, but PLEASE make sure someone who knows about this well, has done it for a number of clients, AND for themselves can show you the different outcomes of different decisions and LET YOU make your own choices. It's just one of a number of strategies that will fast track you to a stronger financial position. Simple. There are lots of them. If you have questions, or just want someone to do some work FOR YOU, let's schedule a call or zoom and make sure you're informed. [email protected] (416) 450-8538 https://www.theglobeandmail.com//article-time-to-lock-in-/

Less than 6 weeks until Christmas! With online shopping levels taking to soaring new highs, incomes and expenses changing as a result of Covid-19, markets and interest rates being very hot topics through most of the year, there has never been a better time to review your financial position and goals. I can tell that from being VERY heavily engaged, all day every day for roughly 9 months now, A LOT of doors have opened for anyone willing to take the time to have a short conve...rsation. Tax season is looming, benefits are changing, new contribution limits are on the horizon. Now there's talk of interest rates rising soon, after initially saying they were going to stay at record lows for at least a few more years. Time to raise the bar and make sure you and your family are getting the level of service, knowledge and support that you deserve. Let's arrange a call, coffee or zoom and make sure that you're on the best track possible to achieving your most important financial goals. https://www.bankofcanada.ca//10/fad-press-release-2020-10/

"Leveraging" has been around for a very long time, but as a result of the recent interest rate decreases in Canada, it has become a much more common tool being used to fast-track financial goals. Many people regularly have done RSP loans, as they carry a wealth of advantages, but thoroughly understanding the long term value in this tool could prove to be life changing for some. It's not for everyone however, and it suits some people's circumstances much better than others.... If you own a home and have any financial goals whatsoever, you'd be doing yourself a disservice by not having at the very least, a conversation about the details and outcomes of how they work and what they can do. https://retirehappy.ca/the-benefits-of-leveraging/ #retirement #money #taxes #wealth #financialplanning #borrowing #mortgagerates #family #RRSP #TFSA

Q4 National rollout of the IG Living Plan Portal by Conquest. Teaser video. This bring artificial intelligence into the planning software and real time plan-building and adjustments (which is much more incredible and more importantly, IMPACTFUL than it may sound). Imagine, being in a position where not only does your Financial Planner know about you, your family, goals, concerns, habits, things that are important, milestones, risk profile and more, and then the software lear...ns your habits on saving and spending trends, frequency and odds to deviate and how to manage those, best decisions based on your changing risk and habits and more. LIMITLESS POTENTIAL and complete certainty and peace of mind. The full sample we experienced was jaw-dropping. Get ready for the best new thing! If you’d like to discuss this further or have questions about your financial future and what’s most important to you, let’s talk. [email protected]

The number of people in Canada over 65 is set to DOUBLE by 2036. With billions going out the door to support Canadians through Covid, and an uncertain economic future, will there even be a CPP and/or OAS to support Canadians through retirement? What if your income was chopped by 67% today? How would your lifestyle be? Create a plan now, make sure you look after future you and your family and let these benefits just be the icing on the cake to an incredible retirement on your... terms. https://www.msn.com//could-you-live-off-of-onl/ar-BB19xsDx

Most Canadians have settled for sub-par financial planning for years, only encompassing a singular element of their comprehensive picture. They may have focused on their investments, or maybe insurance, and now Covid has made people realize that there is a very large gap between what people ARE getting and what THEY SHOULD be getting. Click on the link below to take the IG Living Snapshot test and see how you score. ... Where are you doing great? Where would a conversation benefit you the most? Questions, or if you would like to schedule a conversation? Happy to connect. (416) 450-8538 | [email protected] https://snapshot.investorsgroup.com/

Keyword........ SAVING. If you're just parking money in cash, in a high-interest savings account or an investment like a GIC, odds are, the value of your money (purchasing power) is deflating every year. Return rates on these products have continued to decline to near zero levels. TFSA's CAN work EXCEPTIONALLY WELL with the proper planning. There is a wealth of tricks and advantages they can create beyond just saving. Did you know that you can also hold money in your TFSA i...n a way that reduces your income taxes (like an RSP), but has all the advantages of a TFSA and doesn't lock it away? Interested in learning more, over a short conversation? [email protected] https://www.fool.ca//ar-thursday-cra-warns-canadians-stop/

Talk to your Financial Adviser now, so you can plan and act accordingly with plenty of time to spare, and adjust if need be. 2020 will bring a wrath of tax consequences for the unprepared. Let's make life easy for our amazing Accountants who help us all out, year after year! Your Accountant WILL thank you. So will your wallet! https://www.moneysense.ca/save/taxes/income-tax-t2200/ #money #taxes #wealth #financialfreedom #retirement ... #accounting #realestate #personalfinance #covid19canada

If you are buying, refinancing, or planning to, or experiencing a major life change (baby for example) mortgage insurance is NOT the way to go. There is a much better solution for cost and benefit, as well as getting around taxes and estate for your family and heirs. There is however, one question that is almost never asked or answered when people sell you the term insurance product that you likely have today. Did you know that at IG, we have partnerships with the top insuran...ce companies in Canada (similar to a broker) to ensure you're getting the best products and rates. Couple that with the best Financial Planning software in the country and see what that can do for you. If ever have any questions, concerns, would like to review your current policies or discuss your needs and goals at no cost, please do not hesitate to reach out. [email protected] | (416) 450-8538 https://www.theglobeandmail.com//do-you-/article35064918/

With a "just turned" 3 year old boy and 14 month old twins, the money is flying out the door in diapers, formula, daycare and more. Our solid Financial Plan will continue to ensure that our most important financial goals are met, both now and later. At what point though do we start cutting the financial ties and setting them free. Even with a well funded RESP and a strong participating Whole Life Policy in place for each child, there will be expenses from the bank of "mom an...d dad" for many years ahead. When should they stop, and how important is it to ensure that #1 and #2 are taken care of as well? Creating a living plan and having the ongoing support of a strong, personal relationship with a trusted Advisor is second to none. Having one who has access to 3rd party products, as well as the best comprehensive planning software in the business takes it one big step further. Got a question. Regardless of who you're with, I'm happy to have a discussion and help with your toughest questions, challenges and goals. https://www.advisorstream.com//your-kids-are-over-18-whi/

Some GREAT points on here. See if any of these sound like something you did or would do? Have you ever felt like you're unsure about where to be accumulating for your future, how all those assets will be taxed down the road, what things you could be doing that may save you money in fees and taxes down the road, or simply just reaffirming that what you are doing is your best option for your goals? Did you know, fees, taxes, debt interest and growth can all be controlled WITHO...UT having to worry about market ups and downs? Do you know someone who deserves better service and better attention? [email protected] https://www.advisorstream.com//the-biggest-money-mistake/

These clearly show how the extreme volatility seen through the bulk of 2020 has very little to do with actual future earnings of companies. If you think there is going to be a second "correction" in the markets, let's talk. They're a blessing in disguise for some. https://www.advisorstream.com//why-did-stock-markets-reb/

As the time I am writing this, the DOW is down 2.85% this morning alone. We've seen "UP" days just the same. Volatility is up. Effective planning is largely decision making that does not have to factor in market ups and down. Long term market growth is simply a bonus. Could this be another downturn that will cause fear and panic like we endured in spring, or is it just another window opening up for those who chose not to take action earlier this year? If you are concerned ...about this at all, want to fast-track your retirement goals, or take advantage of huge tax-planning opportunities that have arisen as a result of these market behaviors, let's talk. [email protected] #money #personalfinance #wealthplanning #taxes #estateplanning #retirement #family #toronto https://markets.businessinsider.com//stock-market-fall-10-#

These conversations DO have an impact on everyone. How you use them to your advantage is up to you. Curious to see how these changes (or in this case, lack of), can MASSIVELY move your retirement goal years closer, or how it can significantly increase your monthly cash flow goals, let's arrange a conversation. How much sooner would you like to retire if you could? [email protected] #retirement #financialplanning #taxes #wealth #personalfinance #tax #debtfree #estate ... https://www.marketwatch.com//fed-decision-day-live-blog-20

SO TRUE! My highest net worth clients ARE NOT the highest income earners. In most cases, they're the median income earners who are engaging, ask questions and actually set real goals. Goal: I want to retire at 60... Real goal: I want to retire at 60, my wife will be 56. We'd like to be able to be mortgage free, have $6000 after tax, per month forever as our income with no concerns of it ever running out, travel 2x a year at $5,000 per trip, take a month down south each winter for $10,000, and assume we'll live to 90, at which time we'd like to ensure each child is left with X dollars, tax free through inheritance. (and that just scratches the surface). Discussing and setting real detailed goals and leveraging tools and resources to ensure you're on track WILL ensure whatever level of "Richness" (Financial or other), is met. Would you like to discuss your most important financial goals, and ensure that there's a tangible plan in place for you, as well as unparalleled support always looking out for your best interest? Let's arrange a short conversation. [email protected] https://www.forbes.com//its-not-your-salary-that-makes-y/

To all the amazing families, friends, clients, business owners, entrepreneurs, business colleagues, and family who have been such a great support and become great friends, thank you. I'm truly blessed to work with so many great people, have the tools and resources (and amazing specialist team behind me), that are by far the best and most advanced in the country to ensure YOUR goals are met. I have been nominated for both Financial Adviser/Planner and Insurance Agent again an...d would truly appreciate the support if you don't mind taking a moment to cast your vote. Please let me know how I can help you. If you ever just need a sounding board to discuss a financial challenge or goal, want a second opinion on your position, goals, investments, level of service your receiving, anything. Please don't hesitate to reach out. Congrats again to all the nominees. All the very best in HEALTH, wealth and HAPPINESS in the years ahead!! B https://www.insidehalton.com//subcategor/financial-advisor

September is a month of transitions, this year even more so. Think back to the beginning of 2020. Could you have imagined that a virus would shut down the global economy, completely change your daily routine, and put millions out of work? Probably not. But, by digging deep and finding reservoirs of resilience, you’ve managed to survive, even thrive in this new normal. But it’s changing again. Kids are heading back to classes; some of us are heading back to the office. How is ...your life transitioning this fall? How have your priorities and goals changed? Your financial strategy is a reflection of your priorities and goals, so it is the ideal time to build some resiliency into it this fall. The markets are going through a transition themselves. U.S. election is a factor, as well as the continuing pandemic. While no one knows for certain what lies ahead for this market, the best course of action is to face it with a steadfast commitment to your investment plan and to thrive through the transition with a patient, long-term orientation to the future. If you know someone who has been displaced from their career, been forced into early retirement, been put in a position where they think they have to work longer now than planned, please have them give me a call. We have the tools and resources, as well as the specialist support to push through all of this with ease, and EVERYONE should come out on top. https://www.advisorstream.com//with-adult-children-home-/

Try it out. See see where you excel and where some attention may be needed. The "Living snapshot" is a great starting point for a series of conversations, and to create a full Living Plan for your biggest and most important financial goals. It doesn't matter where your assets are, who your mortgage is with, who your insurance provider is, how much money or debt you have. We all have our point "A" and our desired point "B" - It CAN be that simple. ... Take the Living Plan Snapshot below. Let's arrange a short conversation afterwards. https://snapshot.investorsgroup.com/ #retirement #retirementplanning #financialplanning #personalfinance #wealth #10xgrowth #debtfree #taxes

Mortgage Deferral Notification: For those who have utilized any of the "mortgage deferral" tools and opportunities (if you want to call them that), there are things to know and things to plan for and discuss with your Financial Planner and Accountant. Understanding the short AND long-term impact of these options and decisions can push you further back, or further ahead with proper knowledge and action.... If you haven't had a conversation to fully see the impact of these changes and so-called "help" from deferring your mortgage, reach out and speak with someone who has the tools to show how this impacts YOUR goals and financial future. Let's make sure you're prepared for the tax implications, ensure there are NO SHORTFALLS and that you have every penny available that you are entitled to. QUESTIONS, or just want a professional second opinion? [email protected] #retirement #financialplanning #personalfinance #tax #mortgage #wealth #estate #taxes #wealthbuilding https://www.cbc.ca//business/osfi-regulator-rules-1.5706206

Despite the media making a mess of reality, there have been A LOT of silver linings to the Covid-19 pandemic (other than the obvious of course). * Interest rates hitting record lows, allowing normal people to knock 2, 5, 10 years off their work timeline and retire so much earlier or with better resources. * Insurance companies offering life insurance with little to no underwriting requirements and now competing for new business, offering to pay premiums for periods of time ...on new policies (Call me). * Cash surpluses piling up as a result of our shift to this new environment. How much have you saved on gas for your automobile since March? :) Leveraging these tools to your advantage allows you to create a better life for your family and put better safeguards in place for the next "what if". Want to discus any of these in more detail? A professional second opinion and some feedback can do you no harm. https://www.nytimes.com//coronavirus-budget-save-money.html

#financialplanning

The S&P 500 hit a record high yesterday, officially ending the shortest bear market in history. But how and why is the stock market setting records? Curious about what you can do to prepare for the unknown to make any outcome a win? https://www.forbes.com//5-reasons-the-stock-market-is-se/

Did you know the average Canadian has SEVEN income streams in retirement? Yes, 7! Most of them can be adjusted to how much they pay you and how they're taxed well in advance of retiring. In most cases, the earlier it's done, the more favorable the outcome. Working backwards do determine your household's income needs, where they'll come from, how they're taxed will ultimately show you where and how to fund them now, so you can SPEND MORE MONEY NOW and enjoy these years too, w...hile knowing you took care of future you. If you feel like you would benefit from a conversation, or are curious to know exactly what you need to retire comfortably let's find out. [email protected] https://www.taxtips.ca/rrsp/rrifminimumwithdrawal.htm

Clarify What Matters Most! For many families, the end of August is normally focused on back-to-school planning. This year is different, with a lot of uncertainty around how schools will work, and how it will affect parents’ jobs and the economy as a whole. For me, this reinforces the importance that you need to prepare for the unknown. You will always need a safety net, which includes savings, debt reduction, and a balanced financial strategy that can help you withstand the r...isks of market volatility. In a lot of ways, the pandemic has forced us to clarify what matters most to us, and we can work together to craft a strategy that reflects your goals and priorities. It should however also sparked the "how can this help me?" in you, and hopefully you've engaged in some eye-opening conversations recently as well. Looking at the big picture of your financial plan, including your family’s future, is one of the best ways to help achieve your goals. Do you have a growth mindset? Let's talk. [email protected] | (416) 450-8538 #wealthbuilding https://www.advisorstream.com//6-ways-crisis-can-help-yo/

I don't know about you, but my street has been FULL, all summer, of cement trucks, roofers, pool companies and more. Borrowing rates are at all time lows. If you haven't been proactively reached out to about your mortgage to see if there's money to be saved, by doing a refinance, maybe it's time for a second opinion. More people than ever are leveraging money to invest, the tax savings it produces and the compound growth will take years off your working careers. Many have e...nded up with $100K or more in their hands, and pay LESS each month for their total cash outflow. If you would like to put me to work to help see the outcomes of different decisions, as well as see if we can uncover some money and tax-saving opportunities, please give me a shout anytime. [email protected] https://www.putnam.com//7817-staying-at-home-increases-spe

DO YOU HAVE A PLAN? I mean a real plan, not just an idea in your head. We're in a changing and evolving world. The old days of "get a degree, get a job, climb the ladder, pay off the mortgage, retire" are LONG GONE. ... Every year, there are more new business owners and more "entrepreneurs" than ever. The FIRE (Financial Independence Retire Early) community blew up, then realized that the "RE" really doesn't matter. The biggest, REAL, TRUE, financial goal, is not to retire early. It's to be able to have CERTAINTY, that you can do what YOU WANT, and money isn't the driver. Joy of doing it, fulfillment, growth, development and helping others is. What's your goal? What's your plan? Do you have a detailed plan in place so you KNOW FOR CERTAIN that your actions WILL GET YOU THERE? Want to find out? Let's build one together and make sure you can spend your life, doing what YOU WANT, with the certainty that you'll be fine, every step of the way. [email protected] DO YOU HAVE A PLAN? I mean a real plan, not just an idea in your head. We're in a changing and evolving world. The old days of "get a degree, get a job, climb the ladder, pay off the mortgage, retire" are LONG GONE. Every year, there are more new business owners and more "entrepreneurs" than ever. The FIRE (Financial Independence Retire Early) community blew up, then realized that the "RE" really doesn't matter. The biggest, REAL, TRUE, financial goal, is not to retire early. It's to be able to have CERTAINTY, that you can do what YOU WANT, and money isn't the driver. Joy of doing it, fulfillment, growth, development and helping others is. What's your goal? What's your plan? Do you have a detailed plan in place so you KNOW FOR CERTAIN that your actions WILL GET YOU THERE? Want to find out? Let's build one together and make sure you can spend your life, doing what YOU WANT, with the certainty that you'll be fine, every step of the way. [email protected] https://hbr.org/2004/03/its-time-to-retire-retirement

Come out and cheer us on, join in, or simply bring a donation to help out Food4Kids Halton, supporting less fortunate children in our community. Saturday August 29th! If you're a client of mine (or even just want to arrange a conversation sometime afterwards), I will gladly pay your registration fee. Please come out and have some fun and support a great local cause. PM me so I know how many people I have to beat :) ... https://facebook.com//step-up-to-the-pl/1160639194300733/