Maple & Oak Wealth Management
925 Georgia St W # 2100 V6C 3L2 Vancouver, BC, Canada

Do you tend to lead with empathy or rely on reasoning? As it turns out, you'll want a mix of both skill sets as you pursue #personal and #professional success.

The IRS announced an automatic extension to the individual income tax filing date for the 2020 tax year. The tax return deadline and tax payment due date is now May 17, 2021, which would otherwise have been due on April 15, 2021. Estimated tax payments remain due on April 15, 2021.

Individuals who received COVID benefits, such as the CERB, may be eligible for interest relief until April 30, 2022 if they owe 2020 taxes. They must file their 2020 tax return on time to be eligible for interest relief.

Did you receive a T4A from CRA for a CERB or other COVID benefit you never claimed? You could be a victim of fraud and you should report this discrepancy to CRA immediately.

Check out our latest Tax Time infographic to help you find credits and expenses to reduce your 2020 personal tax bill.

Women are more likely than their partners to be managing their homes and children's schedules.

Canada COVID-19 Vaccine Update

Canada COVID-19 Vaccination Update

We have been digesting the retirement of our previous Chief Investment Officer, Jeff Saut and our new addition, Larry Adam who joined us last year. Larry is finding his stride in providing commentary that is interesting and insightful. Find his "Zoo" article below that touches on some of the themes in the market right now.

Will be attending the CPPIB Update hosted by CARP on Tuesday November 26th - 10AM Let me know if you will be there!

Sleepy Tuesday afternoon: Breaking down the tech used in anti-counterfeiting features for 10 different currencies, from the U.S. Dollar to the Pound Sterling.

Canada’s mortgage test just got tougher with the recent rise in interest rates. I'm definitely seeing some concern regarding the impact of rising interest rates for clients with careers and busineses in industries connected to real estate.

Rising interest rates in Canada translates into higher borrowing costs for Canadians. After years of falling interest rates and borrowers deferring the repayment of their loans, we might see a change. In a low interest rate world, borrowers generally invest excess cash flow instead of accellerating debt repayments. In our new world, more borrowers need to consider a plan for debt reduction or restructuring going forward.

The Bank of Canada maintains current interest rates amid growing uncertainty for both global and Canadian outlooks. The United States with a significant reduction in their corporate tax rates and a new potential NAFTA deal is going to result in a more attractive business climate compared to Canada. We need to remind clients of the importance of investing in businesses and markets outside of Canada.

Are you or your parent's investments being heavily taxed? Has anyone talked to you about using family loans to maximize family savings and wealth? Strategy works well but will be less effective starting in April 2018. Send me a message to start a private conversation!

Expected but unexpected announcement by Amazon, Berkshire Hathaway and JPMorgan to bring consumer choice, simplicity and savings to health care for American families. The new company will focus on their combined 1 million US employees before branching out and developing additional partners.

In less than a year, the bank prime rate for a leading Canadian bank has gone from 2.70% to 3.45%, for those with variable mortgages this will be felt almost immediately with higher monthly payments. Fixed mortgage rates also creeping up!

"We decided to highlight this non-traditional real estate asset, which has performed remarkably well, but hasn’t received much attention." I believe that looking into non-traditional real estate is going to provide better growth outcomes in a saturated market. Feel free to contact us for a copy of our Trends & Ideas report.

For our farm clients and a substantial number of families in the Lower Mainland, we would like to see greater clarity around the impact of the proposed Federal Liberal tax changes. We believe in supporting local farmers and business and the comments made by Federal Liberal advisor Michael Wolfson are deeply concerning.