October 2018 Book a Meeting
The Debt Edge

The use of debt in your financial affairs is akin to a double-edged sword.

On the one hand, it is very useful to assist you in buying and owning assets using "other people’s money (OPM)" such as a home or other financial asset. On the other hand, it can be a problematic tool to use in the event of a job loss, cash flow interruption, recession or rising interest rates amongst various possible scenarios.

While we have been in a credit/debt-based economy since at least the end of WW II, there are two things now that may mark an inflection point in the advisability of...

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Financial Success Strategy for Small Business Owners

Business owners have to contend with many facets of financial management, business accounting, cash-flow management, and capital acquisition.

The one area of financial management that often goes unheeded or is placed on the back-burner is their personal financial strategy, yet it is the one aspect of a business owner’s financial picture that, if not soundly in place, could have the most serious unintended consequences for the business.

Unquestionably, business owners enjoy a greater opportunity to build wealth, but it does come at the cost of being able to navigate the complexities of managing different financial concepts related to integrated tax strategies...

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It’s Up to You to Know the Consequences

The news has been full of stories lately of surging real estate prices in the United States. Many Canadian visitors to such places as Florida, Arizona and Hawaii are seeing real estate promoters from these and other states running seminars about US real estate investing.

Many Canadians are viewing this as an opportunity to buy a US property before the prices get too high. But what are the consequences of owning U.S. property?

Estate Taxes - When someone dies and they own property in the United States, the Internal Revenue Service (IRS) will look to collect an estate tax. This tax is based on the value of the...

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Garat Financial Group Ltd.
850F 12th Avenue - Campbell River, BC V9W 6B5
Ph: (250) 287-2310
Beware of little expenses. A small leak will sink a great ship.
Benjamin Franklin