Crystal Wealth Capital

10/25/2022

Offering the tools and financial education you need to launch and build a financial services business.

04/21/2022

𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐖𝐢𝐥𝐥𝐬
There are two types of Wills that can be created with a third option in the province of Quebec.
🔹Formal Will
A formal Will is usually a typed document signed by you in the presence of at least two witnesses. These witnesses
cannot be your beneficiaries or their spouses. Most formal Wills are normally created by a lawyer or notary to ensure
your Will achieves your stated objectives.
There are pre-printed Will documents as well as software programs to produce a “do-it-yourself” Will, but you should
be careful when using either of these alternatives to ensure the document does actually state your desired objectives
and complies with current legislation.
🔹Holograph Will
A holograph Will is written entirely in your own handwriting and is signed by you. It is not necessary to have a witness to your signature. Several provinces and
territories recognize this type of Will as being valid, but there are numerous potential pitfalls. For example, if any
of the text in the Will is ambiguous or can be interpreted in a different way, the estate may not be distributed in
accordance with your original intent. Use of a holograph Will is not recommended. If you prepare a holograph Will
but a holograph Will is not allowed in your province or territory, you will be deemed to have died intestate.
🔹Notarial Will
This is only an option for residents of Quebec. A notarial Will is created by a notary and normally signed in the
presence of only a single witness. The original copy of the Will is kept by the notary.
🔶 Preparing a Will
The creation of a Will that achieves your objectives, prevents undue difficulties for your heirs and executor/
liquidator, and conforms to all the legislative requirements
can be difficult if created without the assistance of experts.
Although the cost of having an estate lawyer or notary assist
you may appear high, it is money well spent when you consider the costs of not doing it correctly in the first place or not doing one at all and dying intestate.
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02/09/2021

01/29/2021

If you’re an independent contractor, freelancer, or self-employed professional, you’re in good company. A recent study shows that more than 1.5 million Canadians are self-employed, and 45% of Canadians are self-employed since 2020.

📈 Maybe your goal is to supplement your regular income, or perhaps you want to achieve more flexibility in your work-life equation!!

Whatever your reasons, with a lower self-employment tax bill, you can keep more of what you earn.

📈 Once you understand the tax implications of self-employment, you can engage in activities that lower taxes for your business and yourself, and get the most from tax credits and deductions available to you.

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Source: Intuit and QuickBooks

01/29/2021

01/28/2021

Do you want Growth or Safety? 🪜
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When thinking about safety for their money, most people think about banks. When they want growth, most think about investment securities.
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The problem is that if you want growth, you may not get safety. And if you want safety, you may not get growth to beat inflation.
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✔️Can you get both? Yes.
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You have to diversify, you allocate your assets into different positions. You use dollar cost averaging to capitalize on the downtime in the market.
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Occasionally, you rebalance your investment mix if your objectives have changed and to make sure your investments are doing what you need them to do.