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Alterna - Preserving Your Cottage Legacy: Securing Memories for Future Generations Preserving Your Cottage Legacy: Securing Memories for Future Generations By Alterna Wealth September 08, 2023 Investing Cottages are places where families get together and create memories together... Have those discussions with your children, assess your financial liabilities for your estate and take the appropriate course of action for your family... Book an appointment with your Alterna Wealth Advisor today and prote

Alterna - How are Investments Taxed? How are Investments Taxed? By Alterna Wealth January 12, 2024 Investing Most people understand the valu... For TFSAs, investment growth is never taxed because contributions are made with after-tax dollars... Dividend income receives preferential tax treatment in non-registered accounts since they qualify for the federal dividend tax credit. Canada Revenue Agency (CRA) has devised a formula to claim the tax credit for dividends earned...70 per share, and sold it for $6

Estate planning is a legal process for the distribution of a deceased person’s assets... Your advisor can also assist with setting up trusts, such as a trust for spendthrifts (i... As well, an advisor may identify the need for certain types of insurance... Establishing your legacy You’ve put much effort into your life and relationships, so you de... Granted, estate planning is a challenging endeavour because nobody likes thinking about death, but an estate plan represents an expression of caring for family

Please note that an “attorney” for your financial needs doesn’t have to be a lawyer. The same applies to a POA for personal care, where the attorney manages health-related issues on your behalf... POA for health/personal care... Your attorney may not create a will for you or modify an existing will in any way... Consider engaging the services of professionals like a lawyer and Alterna Wealth Advisor who understand the nuances of POAs and can guide you on creating documents suitable for your circumstances

DEFER – Making sense (cents?) of the time value of money The later you pay tax, the longer your money works for you... However, only half of realized capital gains are taxable, and dividends from the stock of a Canadian corporation ... You’ll need to evaluate the tradeoffs so that you can make the best choice for you... This material is for informational and educational purposes and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters

Fox, the fresh med school grad, is readying to airlift a young patient out of the small town for emergency heart surgery... Theatrics aside, there’s a lesson here for the RRSP vs... However, when it comes to retirement savings, the tried-and-true registered retirement savings plan (RRSP) should be the default choice for most of the population... That in mind, imagine for a moment that there were no contribution limits for either plan type... Having an appreciation for the technical underpinning should help

Say, for instance, you decided to purchase an ILB issued at $1,000 with a fixed annual coupon of 5 per cent... When the bond matures, its principal will be adjusted for inflation... That’s because their returns don’t correlate with those of stocks or other fixed income assets, making them good picks for diversification and for mitigating volatility... For example, even when inflation exceeds the ... Similar to ILB vehicles, RRBs constitute suitable investment tools for diversification and portfolio balance

Alterna - How much do you need to save for your child’s education?... Don’t forget about books or other equipment and technology your child may need for their studies... The average student leaves school owing more than $23,000 for a four-year undergraduate program... But RESPs are the most popular type of education savings account, and for good reason... This immediate 20% return is a great incentive to invest in an RESP for your child... Read more about how to get $7,200 in government grants working for you