Carmine Maddalena
8507 Main Street Suite 2 V0H1V0 Osoyoos, BC, Canada

Everyone has regrets, and often they revolve around the mistakes that you think you’ve made. That mindset is short-term. Longer-term regrets are the inactions that we didn’t take and those last much longer. So, starting today stop making excuses and get out there and do something you always wished you had done. Perhaps learning a new language, writing a book, or applying for that dream job!

The 2020 tax filing deadline is coming up fast. Don’t forget to hit the submit button on or before April 30th!

Good morning! Just a little reminder that each new day, new week, new month and new year are all new beginnings. As George Eliot has said, Let’s forget the baggage’s of the past and make a new beginning.

If you have an aging parent or relative, you might be eligible for the Canada Caregiver Credit (CCC). It’s one of the most commonly overlooked tax credits. It’s intended to create additional tax savings for Canadians who are supporting dependents at home. Don’t miss out this tax season on these 4 valuable tax credits offered to help caregivers. #taxtips

Are you saving for your first home, a dream vacation or retirement? If so, a Tax-Free Savings Account (TFSA) can help you get there. Not sure what a TFSA is? Simply put, it’s a registered tax-advantaged savings account that can help you earn money, tax-free! Want to learn more? Watch this short video or reach out to me today!

If your money is slipping through your fingers try this 4 step process to help keep on top of your spending. 1. Set a savings goal. This could be putting away money to your #RRSP or saving up enough to pay off a debt. 2. Track your spending. Use Sun Life’s budget calculator to get started! 3. Determine what you need to cut out. This is the tough part. Evaluate your needs versus wants and pare down where you can.... 4. Review and assess continually. Regularly assess your budget to see if you’re getting closer to your goals. See more

Time to reflect on your goals. Are you still staying on track with your professional and personal goals? We are now a few months into 2021. Take time to reflect on the goals you set at the beginning of 2021 and adjust them if needed. As you reflect on your goals, we want to share some reminders for how to set and achieve them.

Reasons for having a life insurance policy vary from person to person. It depends on your personal situation, needs and goals. As an advisor, it’s my job to take a look at your financial and lifestyle habits to help determine which type of insurance meets your needs. To discuss your options, reach out to me today to book an in-person or virtual appointment.

Whether you’re doing your own taxes or seeking help from a professional, filing your 2020 tax return is going to be the most unusual and complicated to-date. From government subsidies and credits, unexpected fluctuations in employment income and a massive shift in working from home, everyone will have something new to confront in their filing this year.

A Registered Retirement Savings Plan (RRSP) not only helps you save and prepare for a comfortable and secure retirement. It can also reduce your tax bill! If you’re not sure how they work, I’m here to help.

According to a recent survey by Morneau Shepell, 24% of those polled said the pandemic has caused them to reconsider their career path. Self-reflection is common in normal times as we enter a new year. However, the pandemic has brought out a host of changes to our lives. As you look back on 2020, what are some changes you expect to make this year?

The CRA has released new home office expense rules. They introduced a temporary flat-rate method. This will allow eligible employees to claim a deduction of $2 for each day they worked from home, up to a maximum of $400. Learn more about the new rules here.

CPP premiums are set to rise by 3.8% on January 1st, part of the 7-year plan to increase benefits in the future. This increase will be hard on businesses with 1 in 3 saying they’re losing money every day. If you need help navigating this tough time, book an appointment with me today.

Working on your financial health is a great resolution to make this year. There are 3 key dates that we should all be marking on our calendar. Planning for them together could lower your tax bill and get your long-term financial goals on track for another year.

January 13th is Make Your Dream Come True Day. What are some #financial goals you hope to accomplish this year?

Your home will probably be your biggest investment. If something were to happen to you, wouldn’t you want to ensure that your family is taken care of? Let's discuss more about our rates and how we can protect you for the long haul.

There’s a little more to consider when working on your taxes this year. Did you receive government support payments? Are you working from home? Don’t wait until April to start looking at your finances. Start today!

With tax season not too far off, it’s a good time to review how any early RRSP withdrawals can affect your 2020 tax bill. #rrsp

Thought of the day! Live your life with a growth mindset and treat each day as an opportunity to be a better version of yourself than the day before.