Michael Bronstine Jan 2021 If you think a financial planner only handles your RRSPs or taxes, or that financial planning is the same as investment planning, you are only seeing part of a much bigger picture. In fact, you may be missing out on many…
Investors should recognize what financial advisers can, and can’t, do. Todd Gotlieb Jan 2021 The new regulation requires anyone getting paid to provide investment guidance on a retirement account to act solely in the investor’s best interest. But what that means and how to measure…
The new finance minister has demonstrated her competence in various roles By: Rudy Mezzetta Jan 2021 Wealth management insiders say they are hopeful new Finance Minister Chrystia Freeland will provide Canadians with greater clarity about the direction of the Liberals’ fiscal and tax policy as the government steers its way…
by Lenny Friedman WP JANUARY 2021 More can be done to educate clients about the financial planning benefits of a “properly structured” life insurance policy. Michael Bronstine, Managing Partner at GBK Strategic Financial Partners likened the vehicle to having money under your mattress … except it…
Consider these options to avoid unexpected tax results By: Wilmot George JANUARY 2021 Building a profitable and sustainable business requires time, patience, and hard work. During the start-up years, owners of Canadian-controlled private corporations often forgo payment of salary, dividends, or other remuneration in favour of…
Find out how much clients can contribute By: Rudy Mezzetta DECEMBER 2020 The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020. With this TFSA dollar limit announcement, the total contribution room available in…
An aggressive taxman is on the way, Kim Moody says By: Michelle Schriver With the government’s colossal fiscal response to Covid-19, financial professionals must shield their clients’ wealth ahead of potential tax increases, says Kim Moody, director, Canadian tax advisory, at Moody Tax in Calgary, Alta….
by Michael Bronstine There comes a point when adult children should be asking certain questions of their parents to ensure that their financial affairs are in order. As parents age, achieving financial independence for retirement is a primary objective and effective planning should start well…
Too often, financial planning is viewed only as a math problem By: Susan Goldberg Michael Bronstine has taken to ordering a book in bulk and handing out copies to his clients, especially those approaching retirement. “Read this,” the Toronto based advisor says, “and we’ll talk.” The…
by Michael Bronstine Paul recently retired from a very successful dental practice and had always taken control over his own financial affairs. During his first year in retirement he made his own investment decisions and invested significant monies while closely following the market commentary and…