FiduSure Financial Inc
2-40 Adesso Drive L4K 3C6 Concord, ON, Canada

New on the FiduSure Blog: Go For the Long Game with Your RRSP: https://fidusure.com/go-for-the-long-game-with-your-rrsp/ #fidusure #financialplanningtoronto #retirement #retirementplanning #quickread #taxes #taxplanning #taxrefund #financialadvice #personalfinance #wealthbuilding #money

These are just a few conditions that are covered under Canada Protection Plan's NO MEDICAL life insurance! Share to spread the word: #fidusure #financialplanningtoronto #insurance #nomedical #nomedicalinsurance #criticalillnessinsurance #lifeinsurance #toronto #cpp

Plan Your Tax Strategy for When You Turn 71 The age of 71 is when you will be required to begin withdrawing money from your Registered Retirement Savings Account (RRSP). There’s no way to avoid it, or the taxes you will pay. However, it could be a smart tax strategy to begin those withdrawals much earlier. You must convert your RRSP into a Registered Retirement Income Fund (RRIF) at the end of December in the year you turn 71. You are expected to use this money as a pension. ...So, do it in a way that is to your best advantage. You need to create an optimal tax strategy for the back end of your retirement. The rate of required withdrawals will begin rising. At age 71, your minimum withdrawal amount is 5.28% of your RRIF. Then it rises steadily; to 6.82% at age 80 and 11.92% when you turn 90. Your tax bracket could rise accordingly. It forces you to dip into your capital for income, and of course there’s all that deferred tax the government is expecting to receive. Your RRIF is income is fully taxed as income based on your tax bracket and does not receive preferred tax treatment like capital gains. One option is to convert your RRSP into a RRIF before the age of 71. It could make sense to do this, and then draw funds from your RRIF well before you’re required to. This can average out your taxable income, helping you to stay within a lower tax bracket throughout your retirement. By doing so, you can also avoid having your Old Age Security benefits clawed back. A lot will depend on your other income from investments and pensions. If you don’t need the money to live on, you can strategically invest it, such as within your Tax-Free Savings Account (if you have the space). Manage your cash flow in retirement as strategically as you did in your working life. Think about your options for creating a balanced income to keep your tax bill lower. Another opportunity to reduce the tax bill is splitting your pension income with a spouse in a lower tax bracket. Income splitting is permitted in an RRSP from the age of 65. Some company pensions can be split at any time. Plan your retirement income well in advance, to minimize your tax load. Send us an e-mail to explore different scenarios based on your age and income sources at: fidusure.com/contact-us #tax #taxstrategy #retirement #retirementplanning #wealthbuilding #personalfinance #toronto #financialplanningtoronto

FiduSure Financial Inc. wishes you a happy #internationalwomensday! #WomensHistoryMonth #internationalwomensday2021 #womeninbusiness #IWD2021 #wealthmanagement

Avoid These 10 Common Tax Mistakes Filing your income taxes can be confusing. Avoid these 10 mistakes and keep yourself on track for success. 1.Missing Required Information...Continue reading

Anthony Gordon and Edith Kernerman are pleased to announce...

Working from home may not be a dream scenario for many who long to go back to the workspace that they occupied before the pandemic. However, working from home provides us all with great opportunity to save money. Read more here: https://askanthonygordon.ca//saving-while-working-from-home # #workfromhome #covid19 #savingmoney #investmentopportunities

Changes to Insurance amid COVID-19 The spread of COVID-19 has significant impact on a global level over the last few months. In addition to its continuous health implications, there has also been speculation about how the virus will impact financial services, particularly how it will affect life insurance and other related coverage such as critical illness and disability insurance. Firstly, if you have an existing policy and you pass away from COVID-19, your death will be tre...Continue reading

Check out some tips for effectively adjusting your business during this self isolation period - 7 Great Ideas for making the most of our self-isolation/temporary/ new normal. Now is the time to work on your business and intelligently work your marketing and advertising strategies. Make use of your current networks and communication is key. #smallbusinessowner #lemonadefromlemons #utilizethetime #strategicmarketing... #adjusting #tips #smallbusiness #smallbusinesssupport https://myadvocis.ca/seven-tips-for-effective-networking-f/ See more

Here's the Q & A about Canada Emergency Response Benefit. https://www.canada.ca///ei/cerb-application/questions.html #CERB #canada #benefit #covid19 #covidcanada #covidresponse

Another great article about who can apply and receive benefits under different scenarios. It addresses FAQs pertaining to layoffs & accessing EI, whether you are self-employed, contract, and full/part-time employees. https://www.theglobeandmail.com//article-layoffs-salary-e/ #covid19 #coronavirus #layoffs #employees #ei #scenarios

This is a succinct summary of Ontario’s $17 billion stimulus package. It discusses monetary amounts for various relief programs (reduced electricity costs, business tax relief, etc) https://ipolitics.ca//ontario-releases-highly-anticipated/ #covid19 #stimuluspackage2020 #coronavirus #ontario

The 3 D’s of investing There are several things to consider when investing, one of which is The 3Ds. The first D stands for discipline, indicating that market investments strategies and plan should be maintained regardless of the market conditions. In practice, this rule is so often broken as people invest in the market when it is performing well. However, when the market is down, many clients tend to liquidate their investments, hoping to reinvest when conditions improve.... This usually results in significant losses. Experienced coaches/financial advisors advise against this. Still, most people don’t know enough about the financial markets and have very little understanding of fluctuations or market corrections, so their investment strategies are driven by emotions instead of logic. This brings us to the second D, dollar-cost averaging. This concept is similar to buying clothes or items on a regular basis taking advantage of sales when they happen. Sometimes items will be purchased at regular retail cost and other times on sale. The logic here is that many more units will be purchased during a sale than during no sale. It is this regularity and consistency of purchasing that will help the investor capture the market downturns automatically. Therefore assets are purchased at a discount in anticipation of their value increasing later on. This is very important to consider when looking at long-term retirement investments. The third and last D stands for diversification, indicating that it's best to invest in different asset classes, so that your portfolio is not significantly affected by the performance of any individual one asset class, or a particular stock. This will allow the profits in one particular asset class to offset any losses in another asset class. While this strategy does not protect against losses, it dampens the effects of sudden shifts in market conditions. This principle follows the old saying that you should not put all your eggs in one basket. Utilizing the 3Ds of investing ensure that you participate fully in the market in the best of times while minimizing the effects of losses in the worst of times. These strategies are some of the simplest and most effective to consider and employ when investing in a portfolio which you intend to hold for a long time.

Four experts share their views: https://www.theglobeandmail.com//article-with-erratic-sto/ #investing #finance #coronavirus2020 #longterminvesting #stocks #financialplanning #investments #markets #investors #financeandeconomy

It’s easy to put off investing. The common perception is that if you don’t have enough money to invest now, it’s better to contribute more later. But in fact, one of the best ways to build wealth is to start early even if it’s only a small amount. John makes ten annual contributions of $5,000 and receives an 8% annual return. He stops investing after ten years, and holds on to the investment for a further ten years, at an 8% annual return. Susan makes ten annual contributio...ns of $10,000 at an 8% annual return. She ends up with less than John, even though she invested twice as much money, because she started later. So the sooner you invest, the more time your money has to grow and benefit from the power of compounding. #investing #money #investment #timeismoney #compounding

Happy International Womens day. Let's strive for equality every day. #IWD2020 #Internationalwomensday

Happy International Womens day. Let's strive for equality every day. https://i.pinimg.com//b1/8385b161e612ceaac5de16c69065035e.

Are you ready to spring forward this weekend? #DaylightSaving #DST

The spread of Coronavirus that originated in the Chinese city of Wuhan has triggered a strong reaction in global financial markets. Diversification continues to smoothen the ride for your investments. But to take advantage of this volatility you need systematic and unemotional rebalancing. Contact us at [email protected] for investment advice, we can help guide you on the right path. https://www.fidelity.com//marke/coronavirus-market-impact #investments #investing #investors #markets #volatility #diversification #coronavirus

With March break around the corner, here are some tips to to save you money. https://www.moneysense.ca//save-money-when-flying-on-holi/ #marchbreak #savingmoney #kids #family #tips