12/22/2021
With the last week of the year approaching this is a good time to reflect on your investments, business or personal finances for 2021.
With investments review your portfolio with your rep and if you have some capital gains during the year, it a good time to dump the loser ones that have no potential of returning to the original amounts and apply the loss against your gains and invest into some money makers and ultimately reduce the tax payable on your gains.
How has 2021 been for business? You have a above average year, average year or a downer year?
Well now is the time to review before year end. If you need to replace old equipment now is the time, so you can use the half year rule and claim full depreciation in 2022.
Good time to strike a deal as it is the slow time use it to your advantage.
Review your insurance, your advertising campaign not working for you, or somewhat did, you have some contracts that are close to expiring, maybe you can create a better deal for you.
Can you do some income splitting with your spouse?
In general its time to look at the future, if you don't know where you have been, how can you plan on where you want to go.
You personal finances, review your insurance, investments, financing, expenditures you made or plan to make in the up coming year.
Ever consider talking to someone and maybe just maybe develop a plan(lets not use the dirty scary word budget, but is it that bad of a word) maybe see where and how you can save a few dollars, we all like to do that.
Look at your personal tax situation before the year ends maybe RRSP's can be helpful to you.
Be kind to yourself, you owe it to yourself to ask the question, dare I look at my finances, just maybe having someone review them may help.
Don't be embarrassed to ask for help, there are no stupid questions , if its a concern to you then its a valid question.
We do what we do and the reason seemed right at the time, whether it is or not.
Look in the mirror clear the cobwebs away and see what a beautiful, kind, smart, good looking person you are, don't let fear and pressure of finances hold you back.
Seasons Greeting and Happy 2022
