On Monday, April 19, 2021, Deputy Prime Minister and Minister of Finance Chrystia Freeland presented the 2021 Federal Budget which contains several measures of interest to IG Wealth Management and its clients. This summary contains highlights of these proposals, which are not yet law.
Several measures were introduced during 2020 to help Canadian businesses navigate the economic impacts of COVID-19. Often these measures included cash payments. This article provides an overview on what government assistance may be taxable to your business for 2020.
A core component of your retirement plan is the CPP retirement benefit (or Québec Pension Plan for Québec residents, which mirrors many aspects of the CPP). CPP offers flexibility as to when payments can begin, which affects how much you could receive. Familiarizing yourself with CPP provisions can help you decide when to start payments and optimize the benefit throughout your retirement.
Since the pandemic lockdowns began, Daniel Bilton says his expenses have dropped by about $500 per month after cutting back on driving, transit and eating out at restaurants.
There is a trend among parents of young children (17 and younger) to prioritize saving for their children’s future over their own.
The IG Empower Your Tomorrow program is our commitment to providing Canadians with the education and resources they need to feel confident about their finances.
The impact of COVID-19 has reinforced that having a holistic view of your financial life is more important now than ever before. A well-constructed financial plan which allows you to monitor your goals, and change accordingly, is the key to establishing your financial confidence and well-being.
Separating from a spouse or common-law partner can be an emotionally difficult and complicated experience. Relationship breakdown is also one of the most significant, and often unexpected, financial planning risks a person can face. That’s why it’s critical that you understand how a separation or divorce may affect your financial well-being and succession plan.
Through our partnership with the Canadian Foundation of Economic Education, we are happy to share resources to help you with at-home learning opportunities with your kids. #IGAnsweringTheCall
Canada Life, IGM Financial and Power Corporation of Canada announce a $1 million joint contribution to support crisis relief efforts in our communities. The funding will support immediate needs of local and national foodbanks, which are struggling to cope with increased demand.
If you’re like most unincorporated small business owners, you’re likely contemplating these thorny questions: Should I incorporate? If so, when’s the best time? If not, why not?
iProfile is a comprehensive asset management program that helps investors maintain optimal diversification among different asset classes and management styles based on their personal preferences and investment goals.