Ashley Xu - IG Wealth Management

05/31/2020

Today at noon is our first virtual IG Wealth Management Walk for Alzheimer’s! While we can’t physically walk together right now, we can still connect on livestream with walkers and Alzheimer Societies from across Canada.

When you walk, you’re sending a message of hope to Canadians living with dementia, and thousands more who care for them. When you fundraise, you’re promising them that help will always be available.

IG Wealth Management Walk for Alzheimer's is Canada's biggest fundraiser for Alzheimer's disease and other dementias. Monies raised support local programs and services that improve quality of life for people living with dementia and their families.

05/13/2019

Love to all ❤️

(by Mari Andrew)

05/09/2019

Can't stress enough the importance of having a financial plan to help minimize tax, keep up with increased cost of living, and to make sure your investments are appropriate to achieve your goals.

Larry Berman examines the new-long term assumptions of financial planners and how investors should determine how long they need their money to last.

04/29/2019

We have officially kicked off the 2019 IG Wealth Management Walk for Alzheimer's, and are thrilled to once again partner with the Alzheimer Society to help the growing number of Canadian families impacted by this disease. Last year, we saw more than 30,000 participants in communities from coast-to-coast. This year, we hope to see that number grow as we continue our commitment of helping Canadians manage both the social and financial impact of dementia, empowering families with the tools and resources needed for a better tomorrow.

03/08/2019

Happy International Women's Day! Let's strive for openness, and greater accessibility to finance and services for women.

When it comes to gaining control of their finances, women still find themselves at a disadvantage, according to a survey by Ellevest.

02/08/2019

While it’s better to make one big contribution before the RRSP deadline – March 1, 2019 – rather than skipping it altogether, consider contributing earlier or even monthly to avoid the last minute rush and boost your growth over time.
Want to make RRSP season stress free? Make things easy by automatically moving money from your paycheque into an RRSP account.

Don’t let your irrational self make your RRSP decisions for you

11/27/2018

If you're in a good financial position to shop on Black Friday & Cyber Monday, then I encourage you to open up your ♥️ and wallet to others for .

If money is tight, consider donating your time to an organization you believe in. Volunteering your skills is also a great no-cost way to do some good this holiday season!

11/21/2018

2018 Ontario Budget had proposed to parallel the federal measure that phases out $500,000 small business deduction (SBD) for eligible corporations that earn passive investment income between $50,000 - $150,000 in a taxation year.

🆕 November 15th's Economic Update proposes not to parallel this federal measure, meaning passive investment income will NOT impact access to the Ontario SBD for eligible Ontario small businesses, resulting in potential reductions upwards of $40,000 in Ontario taxes payable per year.

Although the Economic Update does not provide any details as to how corporations are to deal with the tax reporting related to having a federal SBD that could differ from the provincial SBD ⁉️

11/19/2018

🆕 Low-Income Individuals and Family Tax Credit (LIFT):

November 15th's Economic Update proposes a new non-refundable LIFT that would eliminate/reduce Ontario personal income tax for low-income taxpayers with employment income.

The proposed credit would apply starting in 2️⃣️0️⃣️1️⃣️9️⃣️ and calculated as the lesser of:
➖ $850
➖ 5.05% of employment income

The amount would be reduced by 🔟% of the greater of:
➖ adjusted individual net income in excess of $30,000
➖ adjusted family net income* in excess of $60,000
*income of the taxpayer + spouse/common-law partner

To be eligible for the LIFT credit, the taxpayer must be resident in Canada at the beginning of the year and a resident of Ontario at the 🔚 of the year.

11/17/2018

🆕 Ontario taxation update:

Highlights from November 15th's 2018 Ontario Economic Outlook & Fiscal Review:

➖ Proposals impacting individuals and families:
📍 Personal surtax restored
📍 New Low-Income Individuals and Family Tax Credit✳️

➖ Proposals impacting corporations:
📍 Passive investment income grind on the Small Business Deduction✳️
📍 Employer Health Tax exemption

✳️ Stay tuned for more details!

10/15/2018

Seamless tax planning does exist and there are lots of tax savings opportunities as a small business owner.

If you're in business for yourself (even part-time as a side hustle!), consider tax planning to find efficiencies and maximize earnings:

There’s still time in 2018 to save taxes if you’ve been thinking of getting into business for yourself

10/06/2018

Wishing everyone a very happy Thanksgiving weekend! 🍃🍂🍁