David Johnstone CFP Georgian Wealth Management

05/27/2024

The threatened increase to Capital Gains inclusion rates is especially harmful to business owners and incorporated professionals.
Looking deeper into the numbers the increase to a 2/3 inclusion rate is essentially a 33% tax increase...without changing tax rates.
If you haven't been looking seriously at all planning opportunities for your corporation, it has never been more important than right now.
An Individual Pension Plan is just one of several key opportunities that are critical to your financial well-being.

An IPP offers a robust alternative for entrepreneurs and incorporated business owners. Find out why

05/27/2024

The threatened increase to Capital Gains inclusion rates is especially harmful to business owners and incorporated professionals.

Looking deeper into the numbers the increase to a 2/3 inclusion rate is essentially a 33% tax increase...without changing tax rates.

If you haven't been looking seriously at all planning opportunities for your corporation, it has never been more important than right now.

An Individual Pension Plan is just one of several key opportunities that are critical to your financial well-being.

An IPP offers a robust alternative for entrepreneurs and incorporated business owners. Find out why

11/02/2022

Very happy to recommend Ken Philp Plumbing & Heating Ltd.
Reliable people providing great service.
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SERVING OWEN SOUND AND AREA SINCE 1979

07/21/2022

The standard age for receiving your Canada Pension plan entitlement is 65, but you can chose to start receiving it any time between age 60 and 70.
Taking it early reduces your pension, while taking it later increases your pension.
Knowing when to take it comes down to life expectancy and the other income factors within your plans, something we’re very familiar with.

02/22/2022

Having paper share certificates squirrelled away that heirs didn't know about was a 'yesterday' problem for estates and executors.
Today it's awareness of (and access to) digital exchanges, virtual bank accounts and crypto sitting offline in paper wallets.
How on earth would anyone be able to inventory and distribute an estate that's digital?
It's time for a new approach.

Clients should take inventory of all online accounts as their first step in creating a digital estate plan

02/11/2022

Knowing what the right balance is between TFSA and RRSP contributions can be tricky.
But it mostly comes down to math: your tax rate today vs your tax rate in retirement.
And there are multiple RRSP contribution strategies that let you contribute more today than just the cash you have on hand.
If you want to learn more about getting more into your RRSP, reach out.

The closer you are to retirement, the fewer options there are to make up a savings gap, experts say

02/04/2022

62% of pre-retired Canadians believe they will work, to some degree, in retirement.

Some will have to do it out of necessity, to support a spouse, elder or for some extra "jingle".

Working (by choice) in retirement has other benefits as well. For some it gives them community, purpose or even mental stimulation.

Adding an extra stream of income in retirement can also be a positive for you plans.

(Data source: Fidelity Retirement Report 2021)

02/03/2022

The old saying "The More, The Merrier" definitely applies to retirement income planning.

And it goes without saying that the more funding options you embrace today, the more freedom and choice you will have in retirement.

02/02/2022

In the movie Groundhog Day, Bill Murray's character was hopelessly trapped in a repeating loop.
It made for a super fun film, but it's no fun in real life...especially with your finances.
If you feel like your financial plans are "stuck in a loop" then reach out.
We can help you:
- figure out a specific dollar and date target for you to retire
- simplify the moving pieces in your financial plan
- provide a serious second opinion on how your positioned
- and most importantly, restore confidence in the direction you're moving.
It's easy to start, too. Just a phone call, email or text:
[email protected]
519-372-4891
And the bonus is that Wiarton Willie says 'early Spring'!
Woot! Woot!

01/31/2022

https://www.linkedin.com/pulse/using-trusts-your-watch-out-pitfalls-david-johnstone

Note: I’m not a lawyer, and this is not legal advice. I have been a CFP Professional since 2005 helping clients craft smart Estate Plans.

01/31/2022

As the first day of the work week Mondays give you 52 fresh starts every year!
Go Monday!

01/29/2022

Spas, gyms, movie theaters and dining all re-open on Monday...hopefully forever!
Which one is at the top of your list?
I know I can't wait to hit the golf simulator!