Engrace Financial Solutions
19th Floor - 1500 West Georgia Street V6G 2Z6 Vancouver, BC, Canada

Happy New Year What are your new years resolutions?

Happy Holidays to all our clients & followers The Engrace team is wishing you all the best over the holidays and 2021!

My last newsletter highlights an article I found on how to gain up to $400 tax credit for working from home, as I imagine the majority of us are doing now. Click on the link to learn more: https://madmimi.com/p/ced3a11

Earlier this month the CRA announced that TFSA overcontributions can remain in your account. So what does this mean? I found a great article explaining this from Advisors Edge. In my latest newsletter I share more about this, click on the link below to see! https://madmimi.com/p/5f01911

I found this great article from The Star which breaks down the changes that will be happening going forward this tax season in 2021. Click on the link below to discover more in my latest newsletter. https://madmimi.com/p/b711811/preview

Thank you to those who have served us. Lest We Forget

Think of the essential people in your life; the people that you love the most. Protecting them and their future can be as simple as a life insurance policy or as complex as a family trust. There are different options to implement your financial legacy, no matter what your economic means are. https://madmimi.com/p/add0611

Knowing you have a guaranteed lifelong income can ease your mind. We found a useful article in the Globe and Mail on creating a guaranteed lifelong income and we want to share it with our community. Buying a prescribed annuity? Act Fast! by Rob Carrick is an insightful piece on how to use a prescribed annuity as your financial vehicle of choice, why you should consider owning one and why you should do so today, rather than waiting. Click on the link to discover more!... https://engracefinancial.com/how-to-create-a-guaranteed-li/

Are you prepared financially for the unexpected? Ask me how you can protect you and your family from any hiccups that may come your way.

Wishing you all a Happy Thanksgiving weekend

We love getting reviews. Thank you Kevin for leaving this review on our Google Page! If you wish to leave us a review click on the link below! We would greatly appreciate it :) https://g.page/r/CaC4Z_u9sZvvEAg/review

I have recently had clients ask about Registered Disability Savings Plans and in order to qualify for a Registered Disability Savings Plan, you need a disability tax credit for when you file your tax return. I explain this all in my new newsletter. Click on the link for more. https://madmimi.com/p/4250011/preview

Are you signed up to the Engrace Financial newsletter yet? If you enjoy getting expert knowledge which includes tips and tricks, the latest financial news and more then it worth signing up! Click on the link below to sign up http://ow.ly/FgoG50Ay5LJ

Happy #TestimonialThursday We love getting feedback from our clients. If you want to leave us a Yelp review please click on the link below. It would be greatly appreciated http://ow.ly/8tUK50At59j

Some valuble advice on a common question I have been asked by clients in a similar situations as Sohail. "Am I still entitled to receive the Canadian governments grant on RESP contributions?" http://ow.ly/L15E50Aoha0

Happy Canada Day! I hope you have a fun & safe holiday!

Are you an emotional investor? Which one are you today? #investor

When you finally get your first haircut after quarantine. Im not sure Max is a fan

he tax deadline was pushed back to June 1st. However, the penalty for filing late has not changed, remaining at 5% if you owe a balance or any interest that could be accrued. If you are self-employed, your deadline remains as of June 15, while for those who have to file a GST HST return, they have until June 30. For more info, click on the link below! http://ow.ly/7KGw50zSJ00

If you are unsure what the official relief terms are please check out our last newsletter on the link below. Monarch Wealth Corp has managed to cover all angles, from business, individual and provincial relief. https://madmimi.com/p/aa22b01

Living in this self-isolation COVID 19 environment, some of us get to glimpse into the future to see what retirement can feel like, from an emotional perspective, as well as providing a financial heads-up. I appreciate the information contained in this article I am sharing below. I hope you will give it a read and I would love to hear some of your thoughts. https://www.wealthprofessional.ca//why-clients-shou/328409

I am available to my clients, friends and community, even though we are unable to meet face to face we can still connect electronically. If I can help to answer your questions or lend an ear to what is keeping you awake at night, connect with me. Its easier to find a solution when you can talk it over with someone. https://www.ctvnews.ca//suddenly-strapped-for-cash-financi

Are you up to date with the BC subsidies? Unsure if you can apply and how to apply? Read my latest newsletter to get the full lowdown on what BC subsidies you can apply for. https://madmimi.com/p/d879901

Thank you to all that attended yesterdays BNI. Im available to talk with anytime, please dont hesitate to reach out if you have any questions about critical illness insurance.

At times like these, it is important to acknowledge the grief you may be feeling and how to manage it. I found this article online from the Harvard Business Review and wanted to share it with you. David Kessler shares his ideas on how to manage our grief. https://hbr.org/20//that-discomfort-youre-feeling-is-grief

Now for Words of wisdom from a bigger brain than mine. Mr Bill Gates shares his view on what COVID-19 is teaching us. https://www.wntv.uk/covid-19-virus-really-teaching-us/

Proper planning is essential when it comes to setting up a Registered Disability Savings Plan. There are common misconceptions about RDSP; this article from Advisors Edge breaks down the facts. Be sure you have a proper understanding of how an RDSP can benefit you and if you have questions or if you are looking for advice, please reach out to me. [email protected]... https://www.advisor.ca//estate/common-rdsp-misconceptions/

Looking for advice on your TFSA? Do you know how they work, and what types of funds you can put into a TFSA? Learning how to contribute to your TFSA in order to reap the full benefits is essential for anyone in Canada over the age of 18. Read my blog on TFSAs or message me! https://engracefinancial.com/can-grow-money-tfsa/

With RRSP for 2019 done and out of the way, my clients ask where to put their money next? My recommendation- your TFSA, of course! 2020 provides $6000 of extra contribution room, with the maximum allowance of $69,500, if you have not contributed at all. If you want help calculating your TFSA room, please comment below and Ill respond to you ASAP

Are you planning to buy your first home this year? The 2019 budget increased the Home Buyers Plan withdrawal limit from $25,000 to $35,000. This means that if you are a first-time homebuyer you can withdraw up to $35,000 from your RRSP. Check out our Street Smarts With Taayla episode on the benefits of having an RRSP.

In my lastest Street Smarts with Taayla video, I had the chance to talk to Blair Mantin, a Licensed Insolvent Trustee with Sands and Associates. Blair shares his experiences and all the right information on what it means to file bankruptcy and whether that option is right for you. If you have any questions, ask away in the comments below.

The start of a new year is a great time to consider different ways to give yourself a stable financial future for you and your family. A great way to do this is to start looking at life insurance policies. A safe, hands-OFF way to build your wealth is private reserve, the life insurance policy for both today and tomorrow. Watch this informative Street Smarts With Taayla episode and how private reserve works and why its important to your financial success. ... https://www.youtube.com/watch

Who says raising money has be dignified and stodgy

Our fearless leader, Taayla M Mark is speaking at this years Banff School, the conference where financial advisors from all over Canada come to up-skill and network with experts. Congratulations, Taayla!

Heres our Eden Project Challenge Video! I would like to personally thank everyone who has donated to the Eden Project fundraiser so far. We have a long way to go to meet our goal of raising $25,000 so that we can launch Eden Cafe this fall, but I am so grateful for your encouraging responses and support!... And if youre moved, please donate here: http://ow.ly/SpHG30pdNzJ For your donation of: $500+ you get homemade cookies or cheesecake delivered to your home or work (guaranteed delicious) $1000+ you get a video challenge of your choosing (thats lighthearted and harmless) $2500+ you get your car(s) washed, or a home cleaning (your choice of one) More details of this inspiring project on my blog: http://ow.ly/SpHG30pdNzJ

Id love to introduce you to the Eden Project: Hi friends, I am part of an endeavour that is close to my heart and I would love to share it with you.... Here in Vancouver, our Downtown Eastside bears the poorest postal code in all of Canada. I lived in the area when I was young, and I remember walking by the suffering each day and pretending that it did not exist. Sadly, when I became an adult, I was still doing that, looking away uncomfortably, as I drive by. I did not want to care because the problem seemed too big and so hopeless for me to take on. What can I do about it, personally? Then I learned about the Eden Project and the good work thats being done to relieve suffering, and I got involved. Now I believe wholeheartedly that something can be done. Please let me introduce you to the Eden Project. I encourage you to take 3 minutes to watch this short video to learn exactly how we are helping those in the most dire situations. And if youre moved, please donate here: http://ow.ly/SpHG30pdNzJ More details of this inspiring project on my blog: http://ow.ly/SpHG30pdNzJ

We all love to give, and we want to give to a cause that touches our hearts. But what if I can show you a way that you can give and feel good about it, and also get a tax refund from that? Visit our blog for the details, or book an appointment with me and Ill help you create a charitable donations plan that will benefit your specific needs. Blog post here: http://ow.ly/POX150uZKjc... Links in the video: Canada Revenue Agency list of charitable organizations with a registration number: https://apps.cra-arc.gc.ca/ebci/hacc/srch/pub/dsplyBscSrch Canada Revenue Agency tax credit calculator: http://www.cra-arc.gc.ca/chrts-gv//svngs/clmng1b2-eng.html

Learn how our insurance partner, Manulife, has put an innovative new spin on life insurance in this video Manulife Vitality, and be inspired to live your best life! Find out more in my latest blog post, and check out the full video here: http://ow.ly/nXgf30oTkXL

This month in Street Smarts with Taayla we talk about legacies and some of the options we have for leaving the best one we can for our loved ones to take care of them after were gone. Find out more about my family legacy and more in my latest blog post. Check out the full video and the post here: http://ow.ly/euxW30oHnBk

This month in the Street Smarts with Taayla video we talk about segregated funds. Theyre like mutual funds but are guaranteed to protect all or part of your principal. Find out more about the benefits beyond the investment guarantee, learn about the downsides of an investment like this, and more in my latest blog post. Check out the full video and the post here: http://ow.ly/avR330owziy

If youre new to investing, then youre in the right place. In the latest Street Smarts with Taayla video, well get you started on your investment journey. Well break down a few of the most common investment types, weigh the pros and cons of each, help you find the financial advisor for you, and much more in my latest blog post. Check out the full video on the blog to learn more: http://ow.ly/7GFo30odpXH

In my latest Street Smarts with Taayla video, I interview tax professional Mark & Tsang Chartered Professional Accountants to share with you how to minimize your taxes. Dont be discouraged by Canadas tax system. Check out the full Street Smarts with Taayla video on the blog, and well help you best manage your taxes so you can keep more of what you make: ow.ly/lliH30nWHFy

In my latest Street Smarts with Taayla video, I interview tax professional Jan Mark of Mark & Tsang Chartered Professional Accountants to share with you how to minimize your taxes. Dont be discouraged by Canadas tax system. Check out the full Street Smarts with Taayla video on the blog, and well help you best manage your taxes so you can keep more of what you make: ow.ly/lliH30nWHFy

In my latest Street Smarts with Taayla video, I share the five key things to consider before you can know if an RRSP is right for you. Planning for your future can seem daunting, but once you have a better idea of where to start, it can be so rewarding. Watch the full Street Smarts with Taayla video, and well help you get started by determining if an RRSP is the plan for you: ow.ly/cvVS30nBE7R

In my latest two-part Street Smarts video, I share the value of defining yourself through a thoughtful personal mission statement. A statement of purpose helps others, and you, understand your intention and heart. Its an important step in becoming the You you want to be, and a reflective, enjoyable part of the process of understanding ourselves. Watch part 1 of the video below, then check out the part 2 on the blog to learn how you can create a true-to-you mission statement: ow.ly/j3J030noMhB.

In my latest Street Smarts video, I share your options for business protection, through the use of life insurance. With four purposes in particular, life insurance can protect your business in risky scenarios like securing bank credit and funding for tax liability, overall minimizing your risks and protecting your business when it really counts! Watch our latest video to learn the four ways life insurance can protect your business: http://ow.ly/7EpK30nao3E

With good friends at #businessbythe book

Enjoying this once a year Christmas event with #businessbythebook at Fairmont Hotel