Tag: RESP
Year-End Checklist for Your Registered Accounts (Ep. 59)

Year-End Checklist for Your Registered Accounts (Ep. 59)

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Before the year comes to a close, there are a number of things you want to consider concerning your registered accounts. These include your RESP, RRSP and RRIF accounts that you might want to pay closer attention to as the year comes to an end so that you can save going into 2023.  

In this episode, Kris Dureau discusses what to look out for when investing in a down market and how it can actually benefit some of your accounts depending on your current situation. 

Kris explains:

  • What are Registered Accounts
  • The importance of having a TFSA
  • Some considerations for parents whose children just turned 15 
  • Changes you might want to make in your portfolio prior to December 31st
  • How you can save on taxes this year 
  • And more

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35. Planning for Your Children’s Post-Secondary Education? Don’t Wait to Start Saving

35. Planning for Your Children’s Post-Secondary Education? Don’t Wait to Start Saving

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We all know that time flies, especially when your kids are growing up.

That’s why looking at college costs, which can be significant, is better done sooner rather than later.

In this episode, Kris Dureau discusses everything around the Registered Education Savings Plan (RESP) and ways parents can use them to save for their child’s post-secondary education. Kris examines the basics of the plan, the tax savings, and even the options for parents who open an RESP account but their child decides not to attend school.

Kris discusses:

  • Types of RESP accounts
  • The tax benefits that come from having an RESP
  • Reasons why you must pay attention to RESP-related risks
  • Three options for parents who opened an RESP account but their child decides not to attend school
  • And more!

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Episode 22 – Enhance Your Online Security with These Cybersecurity Tips – With Guest Chuck Yeung

Episode 22 – Enhance Your Online Security with These Cybersecurity Tips – With Guest Chuck Yeung

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Considering the current COVID-19 environment, working, shopping, socializing, and finding entertainment are only a couple of things we can do from the comfort of our homes.  

But, to what extent is our online identity and information really protected? 

In this episode, Kris Dureau sits down with Cystech Solutions’ Chuck Yeung. Today, Chuck discusses must-know cybersecurity tips so that you can protect yourself, your family, and your business when it comes to online privacy, information, and identity.

In this episode, you will learn:

  • Why you should change your passwords every six months 
  • The role of password manager platforms when it comes to the dark web 
  • Easy ways to detect a phishing scam 
  • The importance of setting up a two-step authentication 
  • Chuck’s take on how cybercriminals operate when it comes to a ransom 
  • And more!

Listen today and find out the do’s and don’ts when it comes to protecting your identity online! 

Resources: Chuck Yeung  | Cystech Solutions

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Episode 21 – Tax Tips for Small Business Owners — With Peter Simpson

Episode 21 – Tax Tips for Small Business Owners — With Peter Simpson

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It’s never too early to start thinking about your tax planning, especially if you’re a business owner! 

In this episode, Kris Dureau welcomes back Simpson and Associates’ Peter Simpson. Kris and Peter discuss important tax tips for business owners and self-employed individuals and share strategies for making positive, practical changes to your tax picture.

In this episode, you will learn:

  • How to claim work-from-home tax deductions 
  • When business owners should start thinking about putting money into their RRSP
  • The right time to incorporate a business 
  • Benefits of an HST number 
  • And more!

Listen today to discover tax tips and strategies that can help small business owners maximize their tax planning!

Resources:   Episode 19: 2020 Year-End Tax Planning Tips | Simpson and Associates | Peter Simpson 

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Episode 20 – Everything You Need To Know About Critical Illness Coverage

Episode 20 – Everything You Need To Know About Critical Illness Coverage

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Critical illness coverage is a long-term insurance policy that covers serious illnesses such as cancer, heart attacks, coronary artery bypass surgery, and more. 

In this episode, Kris Dureau discusses everything you need to know about this type of coverage and explains how its financial component can help you alleviate the toll of a health condition.

In this episode, you will learn:

  • How critical illness coverage works 
  • About the claiming process 
  • How previous family health conditions can impact your coverage premium 
  • The conditions you need to meet to get your coverage premium back 
  • And more!

Tune in now and discover how critical illness coverage can help you protect your finances and health! 

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Episode 19 – 2020 Year-End Tax Planning Tips – With Peter Simpson

Episode 19 – 2020 Year-End Tax Planning Tips – With Peter Simpson

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While tax planning is often a year-round affair, the year-end season is a particularly optimal time to review your taxes with your trusted financial professional.

In this episode, Kris Dureau sits down with Simpson & Associates’ Peter Simpson to discuss the value of year-end tax planning. Together, they discuss popular year-end tax planning strategies that could help you make the most of your taxes before the new year hits.

In this episode, you will learn:

  • Tax credits and deductions that you might be able to claim
  • How to claim the Home Office Employment tax credit 
  • Why Tax-Free Savings Accounts (TFSA) are helpful investment vehicles 
  • The tax-related benefits of a Registered Education Savings Plan (RESP)
  • And more!

Tune in today and find out which tax strategies could work for you and your year-end planning!

Resources: Simpson & Associates | Peter Simpson 

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