Phyllis Wong

TFSA’s The Basic 2024

A Tax-Free Savings Account, more commonly known as a TFSA, is a savings that can hold cash as well as investments. The TFSA was introduced ...
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What Does it Actually Mean to Diversify?

Diversification is a concept that the majority of investors understand on some level. It makes sense to not put all your eggs in one basket, ...
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Linking Powers of Attorney, Beneficiaries, Wills and Estates

There are two, equally important types of Powers-of-Attorney (POA): personal care and financial matters.  To avoid confusion, legal costs and delays in the future, your ...
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10 Reasons to Work with a Financial Advisor

The first step to developing an effective financial plan is meeting with a qualified wealth advisor.  Below are 10 reasons that working with a wealth ...
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The First Home Savings Account Has Arrived

Canadians have gotten a boost to save for buying a home. The new registered plan, the First Home Savings Account (FHSA), became available on April ...
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Investment Income and Income Tax

Investments can deliver a major source of income and tax implications for individuals. Each major type of investment income is subject to different tax treatment. ...
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Executive Health Plans 101

Executive Health Plans (EHPs) are insurance solutions designed for incorporated businesses.  EHPs provide critical illness protection for the key person of the company, typically the ...
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What We Know About the Tax-Free First Home Savings Account (FHSA)

Canadians will soon get a boost when it comes to saving for their first home. Starting in April of 2023, the Tax-Free First Home Savings ...
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6 Recession Tips.. it is never too late to plan

Depending on who you ask and the definition they use, a recession has occurred or is about to occur.  The traditional definition is two consecutive ...
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Tips on Retirement Savings Plan

A retirement savings plan is a way of protecting your post-retirement financial lifestyle.  However, in recent times, recessions, stock-market declines, housing market bubbles, joblessness, and ...
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