Otis E Smith - Wealth Advisor at Scotia Wealth Management

07/12/2024

Quick explainer on Canada's controversial new capital gains tax increase.

The 2024 Federal Budget proposed to increase the capital gains inclusion rate (inclusion rate) for capital gains realized on and after June 25, 2024, from 50% to 66.67% for corporations and most types of trusts and from 50% to 66.67% on the portion of capital gains realized in the year that exceed $...

07/31/2023

If you're considering , you should speak to your advisor about the benefits and obligations of corporations and how your corporation fits into your total plan.

Incorporating allows for many significant freedoms beyond the flexibility that comes with being an entrepreneur. Find out more.

07/27/2023

Longevity risk is the most unpredictable variable in financial planning. Ensure your plan contemplates the potential of outliving your resources and models contingencies and periodic check ins.

They are hoping for a retirement that lasts 27 years on average

03/31/2023

ChatGPT can write your Will... but beware. Sure, you can save some $$$, but you get what you pay for.

I saw a meme the other day that said “No one hates lawyers more than other lawyers”. After reading this post, I think lawyer hate is about to get redirected. The surprising part of law school is that it doesn’t actually teach you how to draft legal documents. A prompt...

03/29/2023

Don't have time to read the latest Federal Budget? Check these fast facts for the highlights.

Gain valuable insights into the federal budget with our fast facts. Stay informed on key highlights.

03/10/2023

How to make non-deductible interest tax deductible. # tax https://buff.ly/3mGl2Ib

11/11/2022

Insurance strategies can help to provide supplemental retirement income, tax efficient transfer of wealth to the next generation, shelter assets from creditors and more .

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10/07/2022

Becoming a caregiver for your parents can be physically and emotionally overwhelming - especially if you're still working and/or have kids in the house. Take some stress off of yourself by having a plan to follow.

Making the shift to being a caregiver can be challenging, and it can be especially stressful for women who are raising children, growing their careers, and caring for aging parents at the same time.

09/30/2022

With markets continuing to digest negative news flow, investors are finding it difficult to stay calm amidst the volatility. Creating or revisiting a comprehensive financial plan can help allay fears about your future.

An advisor-led conversation can help you establish a Total Wealth Plan, achieve your financial goals, and set your income, longevity and legacy objectives.

09/16/2022

Wondering how you can make a difference to a cause you believe in? Consider a few ways to help effect change in a cause that needs your support.

Here are seven practical ways to help you to become a more empowered and effective donor.

09/02/2022

With another summer of cottage memories in the books, you may be considering how to keep the cottage in the family. You have options.

When the time comes, the following are some considerations for passing on the family cottage to the next generation.

07/22/2022

Help your kids to keep the family cottage after you pass using insurance, among other strategies.

Insurance solutions can address your family’s unique needs and efficiently help pass cherished family assets to the next generation.