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    Understanding Registered Education Savings Plans (RESPs) in Canada

    September 1, 2023
    Dive into the details of Registered Education Savings Plans (RESPs)! This guide covers how RESPs work, eligibility criteria, benefits, and government grants such as the Canada Education Savings Grant. Learn how to open an RESP and safeguard your child's educational future.
    https://creststonewealth.com/wp-content/uploads/2023/09/Understanding-Registered-Education-Savings-Plans-RESPs-in-Canada.jpg 300 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-09-01 13:52:302023-09-01 13:52:33Understanding Registered Education Savings Plans (RESPs) in Canada

    Understanding Tax-Free Savings Accounts (TFSAs)

    August 1, 2023
    A Tax-Free Savings Account is a powerful tool to help you achieve your financial goals. Whether you're saving for a new home, planning for retirement, or investing in your children's education, a TFSA can be a valuable part of your financial strategy. The flexibility and tax advantages it offers make it a great choice for many Canadians. Remember, the sooner you start, the more time your investments have to grow tax-free. Every dollar counts when you're planning for the future, and a TFSA can help you make the most of your savings. Don't wait until tomorrow to start planning for your future. Contact us today to begin your journey to financial security today.
    https://creststonewealth.com/wp-content/uploads/2023/08/TFSA.png 700 1200 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-08-01 22:31:282023-08-01 22:31:36Understanding Tax-Free Savings Accounts (TFSAs)

    Demystifying MER’s (Management Expense Ratio)

    July 3, 2023
    Investing in a fund involves knowing its associated costs, and the Management Expense Ratio (MER) is a crucial factor to consider. The MER is a percentage of the total assets in the investment fund that covers the fund's operating and management costs. It's important to note that the MER is subtracted from your investment returns, so a higher MER will result in lower net returns for you. For example, if a fund's expenses amounted to 2% of its assets, its MER would be 2%. It's crucial to understand the MER of a fund to make informed investment decisions and ensure that you're getting the most value for your money. In this article and infographic, we will break down the various components of the MER to help you better understand it.
    https://creststonewealth.com/wp-content/uploads/2023/07/MER.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-07-03 13:00:042023-07-03 13:00:10Demystifying MER’s (Management Expense Ratio)

    How To Use Insurance To Provide Your Family With Financial Protection

    June 2, 2023
    The best way to provide your family with financial protection is with solid insurance planning. These three types of insurance will ensure your family has the financial resources they need if you die, are injured, or become ill: - Life insurance. - Critical illness insurance. - Disability insurance.
    https://creststonewealth.com/wp-content/uploads/2023/06/How-to-use-insurance.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-06-02 22:14:392023-06-02 22:14:46How To Use Insurance To Provide Your Family With Financial Protection

    First Home Savings Account (FHSA): What You Need to Know

    May 1, 2023
    Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, contributions and deductions, qualifying investments, withdrawals, and transfers.
    https://creststonewealth.com/wp-content/uploads/2023/05/fhsaFI.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-05-01 21:35:182023-05-01 21:35:23First Home Savings Account (FHSA): What You Need to Know

    Tax Tips You Need To Know Before Filing Your 2022 Taxes

    April 3, 2023
    It’ll be time to file your 2022 taxes soon, and you must take advantage of every tax credit and deduction you can! Our article covers the following: • Canada Workers Benefit. • Claiming home office expenses. • The tax deduction for zero-emissions vehicles. • Return Of Fuel Charge Proceeds To Farmers Tax Credit. • Eligible Educator School Supply Tax Credit.
    https://creststonewealth.com/wp-content/uploads/2023/04/Tax-tips-2022.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-04-03 23:16:302023-04-03 23:16:36Tax Tips You Need To Know Before Filing Your 2022 Taxes

    Federal Budget 2023 Highlights

    March 29, 2023
    On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: • New transfer options associated with Bill C-208 for intergenerational transfer. • New rules for employee ownership trusts. • Changes to how the Alternative Minimum Tax is calculated. • Improvements to Registered Education Savings Plans. • Expanding access to Registered Disability Savings Plans. • Grocery rebate. • Deduction for tradespeople tool expenses. • Automatic tax filing. • New Canadian Dental Care Plan.
    https://creststonewealth.com/wp-content/uploads/2023/03/Federal-2023-budget-highlights.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-03-29 22:18:332023-03-29 22:18:37Federal Budget 2023 Highlights

    British Columbia 2023 Budget Highlights

    March 1, 2023
    On February 28, 2023, the B.C. Minister of Finance announced the 2023 budget. We have highlighted the most important financial measures you need to know: • Tax credit changes. • Increases to the B.C Family Benefit. • Carbon tax changes. • Other important tax changes. • Healthcare and housing spending.
    https://creststonewealth.com/wp-content/uploads/2023/03/British-Columbia-2023-Budget-Highlights.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-03-01 22:48:462023-03-01 22:48:52British Columbia 2023 Budget Highlights

    TFSA versus RRSP – What you need to know to make the most of them in 2023

    February 3, 2023
    When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. The main difference between the two is that TFSAs are ideal for short-term goals, such as saving for a down payment on a house or a vacation, as its growth is entirely tax-free, while RRSPs are more suitable for long-term goals such as retirement. When comparing deposit differences, TFSAs have a limit of $6,500 for the current year, while RRSPs have a limit of 18% of your pre-tax income from the previous year, with a maximum limit of $30,780. In terms of withdrawals, TFSAs have no conversion requirements and withdrawals are tax-free, while RRSPs must be converted to a Registered Retirement Income Fund (RRIF) at age 71 and withdrawals are taxed as income.
    https://creststonewealth.com/wp-content/uploads/2023/02/TFSA-or-RRSP-2023-Featured-Image-500px.jpeg 292 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-02-03 01:15:212023-02-03 01:15:29TFSA versus RRSP – What you need to know to make the most of them in 2023

    2023 Financial Calendar

    January 2, 2023
    Welcome to our 2023 financial calendar! This calendar is designed to help you keep track of important financial dates and deadlines, such as tax filing and government benefit distribution. You can bookmark this page for easy reference or add these dates to your personal calendar to ensure you don't miss any important financial obligations.
    https://creststonewealth.com/wp-content/uploads/2023/01/2023-Financial-calendar.png 333 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-01-02 20:40:192023-01-02 20:40:232023 Financial Calendar
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    Understanding Registered Education Savings Plans (RESPs) in Canada

    September 1, 2023
    Dive into the details of Registered Education Savings Plans (RESPs)! This guide covers how RESPs work, eligibility criteria, benefits, and government grants such as the Canada Education Savings Grant. Learn how to open an RESP and safeguard your child's educational future.
    Read more
    https://creststonewealth.com/wp-content/uploads/2023/09/Understanding-Registered-Education-Savings-Plans-RESPs-in-Canada.jpg 300 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-09-01 13:52:302023-09-01 13:52:33Understanding Registered Education Savings Plans (RESPs) in Canada

    Understanding Tax-Free Savings Accounts (TFSAs)

    August 1, 2023
    A Tax-Free Savings Account is a powerful tool to help you achieve your financial goals. Whether you're saving for a new home, planning for retirement, or investing in your children's education, a TFSA can be a valuable part of your financial strategy. The flexibility and tax advantages it offers make it a great choice for many Canadians. Remember, the sooner you start, the more time your investments have to grow tax-free. Every dollar counts when you're planning for the future, and a TFSA can help you make the most of your savings. Don't wait until tomorrow to start planning for your future. Contact us today to begin your journey to financial security today.
    Read more
    https://creststonewealth.com/wp-content/uploads/2023/08/TFSA.png 700 1200 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-08-01 22:31:282023-08-01 22:31:36Understanding Tax-Free Savings Accounts (TFSAs)

    Demystifying MER’s (Management Expense Ratio)

    July 3, 2023
    Investing in a fund involves knowing its associated costs, and the Management Expense Ratio (MER) is a crucial factor to consider. The MER is a percentage of the total assets in the investment fund that covers the fund's operating and management costs. It's important to note that the MER is subtracted from your investment returns, so a higher MER will result in lower net returns for you. For example, if a fund's expenses amounted to 2% of its assets, its MER would be 2%. It's crucial to understand the MER of a fund to make informed investment decisions and ensure that you're getting the most value for your money. In this article and infographic, we will break down the various components of the MER to help you better understand it.
    Read more
    https://creststonewealth.com/wp-content/uploads/2023/07/MER.png 250 500 CRESTSTONE Wealth https://creststonewealth.com/wp-content/uploads/2021/05/creststone-logo-550.png CRESTSTONE Wealth2023-07-03 13:00:042023-07-03 13:00:10Demystifying MER’s (Management Expense Ratio)

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    Insurance products, including segregated fund policies and health insurance are offered through Creststone Wealth, and Investment Representatives Stephen Cameron, Gail Winzoski, Rochelle Noren, Terry Sorensen and Bharpur Singh Gill offer mutual funds and referral arrangements through Quadrus Investment Services Ltd.

    Quadrus Investment Services Ltd. and design are trademarks of Quadrus Investment Services Ltd. Used with permission.

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