|
The Hidden Role of Luck in Building Wealth
|
When it comes to money and investing, a lot of people fall into the same trap: chasing what’s "hot” right now. If a certain stock, sector, or trend is making headlines, many will jump in–hoping they’ve found a "sure thing.”
The funny thing is, that’s the exact opposite of how real planning works. Whether it’s a financial strategy, goal setting, or life in general, lasting results come from acting before the proof is obvious.
Think about New Year’s resolutions. When you commit to exercising three times a week or finding a new job, you’re betting on something you want, not something you already see. At first, there’s no evidence it...
|
|
|
|
|
|
Smart Tax Tips for Small Business Owners
|
Running a small business is exciting and rewarding–but it also comes with plenty of challenges. Between managing cash flow, building your client base, and keeping customers happy, taxes can easily slip down the priority list. With some planning, though, tax season can be less stressful and even work to your advantage.
Keep Records Year-Round
The number one rule for stress-free tax filing? Stay organized all year long. Keep receipts, invoices, and statements in one place–whether that’s a file folder or a cloud-based accounting system. Regular bookkeeping not only saves hours at tax time but also gives you a clear view of your business performance.
As year-end approaches, run a quick estimate of your income and expenses. If you’ll owe taxes, set aside funds now to avoid a last-minute scramble. If a refund is coming, filing...
|
|
|
|
|
|
When Retirement Savings Meet Healthcare Realities
|
Ted and Martha had always planned well for retirement–about $600,000 in their RRIFs, which gave them nearly $4,000 a month before taxes. Everything seemed secure–until Ted began experiencing cognitive impairment.
For a year or so, Martha managed to care for Ted at home. But eventually she had to make a heart-breaking decision: move him into an extended care facility.
Today, depending on your province and whether you’re using publicly subsidized or private care, costs can vary dramatically. For example:
In British Columbia, the maximum monthly rate for long-term care services (publicly subsidized) is $4,073.40 in 2025, while the minimum is about $1,466.20.
Across Canada, private long-term care can cost anywhere from $6,000 to $15,000 per month...
|
|
|
|
|
|
| |
| Online Resources |
|
|
|
Not having the best situation, but seeing the best in your situation is the key to happiness.
|
|
Marie Forleo
|
|
|
|
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation (CDIC). For funds other than money market funds, unit values change frequently. For money market funds ,there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. The information in this email newsletter is general information only and is the opinion of the owners and writers. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. The information contained here may include estimates, projections and other "forward-looking statements." Actual events may differ substantially from those presented herein. We make no representation that future investment performance will conform to past performance and it should never be assumed that past performance foretells future performance. All information provided is believed to be accurate and reliable, however, we cannot guarantee its accuracy. Please consult an appropriate professional regarding your particular circumstances. Worldsource Financial Management Inc. will not be held liable for any inaccuracies in the information presented. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Additional products and services are provided by Bond Financial House. Worldsource Financial Management Inc. is responsible for mutual fund-related business activities conducted by its Registrants only, and is not responsible for the business activities of other related or unrelated individuals and/or organizations.
|
|
Bond Financial House
Westmount Mall, Suite 251A- 785 Wonderland Road S, London, ON N6K 1M6
Ph: (519) 660-8035
|
|
