Plan First Invest Second™
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Disability tax credit is underapplied for and underused: CRA report
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The disability tax credit (DTC) is underused due to complexities in the application process, tax filing difficulties and challenges with CRA processes and contact centres, according to the 2024 annual report issued by the tax agency’s disability advisory committee.
Although 96.6% of completed applications are approved, only one-quarter of people with disability who are likely eligible submitted a completed DTC application. And of those with a DTC certificate, only 64% claimed the...
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Protect Yourself from Online Financial Scams
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Hey there! The online world is full of opportunities–but unfortunately, it’s also full of scammers looking to take advantage of unsuspecting people. According to the Canadian Anti-Fraud Centre (CAFC)1 over $600 million was lost to fraud in 2024. The first line of defense against fraud is simply educating oneself about the facts.
The good news? You can protect yourself. The CAFC website provides a wealth of information for anyone looking to become fully informed about the wide variety of methods fraudsters use to steal people’s money.
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Estate Planning for the Terminally Ill: A Practical Guide
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If you’re between 35 and 65, chances are you know someone who has been diagnosed with a terminal illness. It’s a tough reality, but if there’s still time, helping them get their estate in order can provide peace of mind for them and their loved ones.
Why Estate Planning Matters
No one wants to see a lifetime of hard work eroded by unnecessary taxes. Without a proper estate plan, a significant portion of one’s assets could go straight to the government instead of their family. The Canada Revenue Agency won’t hesitate to...
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| Online Resources
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You don’t have to be great to start, but you have to start to be great.
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Zig Ziglar
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Commissions, trailing commissions, management fees and expenses all may be associated with segregated fund investments. Market performance of segregated funds is not guaranteed, their values change frequently, and past performance may not be repeated. Please read the prospectus of the segregated funds in which you invest. The information in this email newsletter is general information only and is not intended to constitute specific legal, accounting, financial or tax advice for any individual.
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Group One Planning Solution Ltd.
1658 Commerce Ave #203, Kelowna, BC V1X 8A9
Ph: (250) 762-4100
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