SamuelConsultant.com

SamuelConsultant.com A Holistic Approach in Planning for Your Finance Hi, I'm Samuel Li. One area I specialize in is servicing families with disabilities.

I started my financial advisory practice in 2005, assisting Canadians in growing their long-term wealth while protecting their assets. If you'd like to explore how I can assist you, feel free to email me at [email protected]

As tax season approaches, I know many of you are getting ready to file your 2024 tax return. If you or a family member h...
03/29/2025

As tax season approaches, I know many of you are getting ready to file your 2024 tax return.

If you or a family member have been approved for the Disability Tax Credit (DTC), don’t forget to claim the disability amount. This can help lower the income tax you may owe. Here's a post with more details.

As tax season approaches, I know many of you are getting ready to file your 2024 tax return. Just a quick reminder—the deadline to file is April 30, 2025. If you or a family member have been a…

Happy New Year! As we kick off 2025, I wanted to take a moment to reflect on the incredible year we’ve just had. Many of...
12/31/2024

Happy New Year! As we kick off 2025, I wanted to take a moment to reflect on the incredible year we’ve just had. Many of my clients have enjoyed significant gains in their portfolios.

But, how should we position your portfolio moving forward? Check out this post for more ideas.

I hope you had a wonderful holiday season and a Happy New Year! As we kick off 2025, I wanted to take a moment to reflect on the incredible year we’ve just had. Many of my clients have enjoyed sign…

Have you ever thought that your hard-earned money, saved over decades, could vanish into unclaimed funds—never reaching ...
11/21/2024

Have you ever thought that your hard-earned money, saved over decades, could vanish into unclaimed funds—never reaching your loved ones?

According to an article from the National Post, there's a staggering $1.8 billion sits unclaimed in forgotten bank accounts across Canada, with some estates missing out on amounts that exceed over a million dollars.

If you would like to explore ways to simplify your finances and ensure your assets are accessible for your loved ones, be sure to check this post.
https://samuelconsultant.com/too-many/

Have you ever thought that your hard-earned money, saved over decades, could vanish into unclaimed funds—never reaching your loved ones? I was just reading an article in the National Post that reve…

How should you position your investments after the U.S election? Check out this portfolio that has thrived across multip...
11/06/2024

How should you position your investments after the U.S election? Check out this portfolio that has thrived across multiple U.S Presidencies.

Have you been following the U.S. election? I stayed up late on election night to catch every update! Now that we know Donald Trump will be the next president, you may be curious about what this cou…

Planning for the Registered Disability Savings Plan ( ) is definitely NOT just about setting up an account, then you can...
06/27/2024

Planning for the Registered Disability Savings Plan ( ) is definitely NOT just about setting up an account, then you can forget about it.

It requires a lot of careful considerations. For example,

- Does the disabled person have the capacity to manage their finances?
- What happens if the current account holder passes away?
- What if the Disability Tax Credit expires?
- Will the RDSP affect other government benefits like the Ontario Disability Support Program?
- How much should you contribute to maximize matching grants?
- When can you withdraw money without clawing back government benefits?

These are just a few examples we discuss with families when planning for their RDSP and there's much more to it.

So don't underestimate the complexity of the RDSP planning.

As you probably know, the Registered Disability Savings Plan (RDSP) is an important tool to enhance the long term wealth of a disabled person. With the help from the Government of Canada, one …

Through my years of advising families with disabilities, I see that each family indeed faces unique financial challenges...
06/06/2024

Through my years of advising families with disabilities, I see that each family indeed faces unique financial challenges, such as finding income support, government subsidies, tax benefits, and ways to save more money for disabled individuals.

Canada offers numerous benefits programs, but not everyone knows about them. I’ve researched and compiled this list of disability benefits and support programs. https://samuelconsultant.com/disability-benefits/

If you find this information useful, please share it with anyone who might benefit.

Throughout my years as a financial advisor, I have had the privilege of serving many families with disabilities. Each family faces unique financial challenges, such as finding income support, gover…

Had a wonderful time sharing insights and experiences on the Registered Disability Savings Plan ( ) at the recent SCBC w...
05/31/2024

Had a wonderful time sharing insights and experiences on the Registered Disability Savings Plan ( ) at the recent SCBC workshop!

We covered topics like RDSP contributions, matching grants, bonds, withdrawals, taxation, estate planning, and more. There were also many practical questions from the members. Here are some resources to navigate RDSP planning.

P.S. Thank you to SCBC for their hospitality, making me feel very welcome, and for the heartwarming lunch and dessert. It was wonderful meeting everyone in person again.

Scarborough Chinese Baptist Church 士嘉堡華人浸信會

Recently, I had the privilege of being invited by the Scarborough Chinese Baptist Church (SCBC) to share my knowledge and experience on the Registered Disability Savings Plan (RDSP) with their memb…

I have been serving as a financial advisor since 2005, and throughout these nearly 20 years, I have had the privilege of...
05/18/2024

I have been serving as a financial advisor since 2005, and throughout these nearly 20 years, I have had the privilege of working with many families, helping them grow their assets and secure their financial futures. Thanks to all your continued support, my business has grown tremendously.

As my business practice continues to grow, so do my clients’ needs. Many of them are entering the retirement stage, making estate planning a key focus.

To ensure I have the adequate knowledge and resources to support these clients, I am pleased to announce that I have obtained the Certified Executor Advisor (CEA) designation from Canadian Institute of Certified Executor Advisors this year.

This professional designation enhances my ability to assist clients with comprehensive estate planning, ensuring that their assets can be passed on to their loved ones smoothly.

If you or anyone in your family would like to discuss estate planning needs, please feel free to contact me at [email protected].

https://samuelconsultant.com/cea/

As you may know, I have been serving as a financial advisor since 2005, and throughout these nearly 20 years, I have had the privilege of working with many families, helping them grow their assets …

I’ve had the privilege of working with Canadians with disabilities over many years, I’ve observed that many families are...
05/13/2024

I’ve had the privilege of working with Canadians with disabilities over many years, I’ve observed that many families are still unfamiliar with the Registered Disability Savings Plan ( ) due to its complex rules.

To bridge this knowledge gap, here’s a comprehensive guide addressing common questions about RDSP.

” As a financial advisor, I’ve had the privilege of working with Canadians with disabilities over many years, I’ve observed that many families are still unfamiliar with the Regist…

Since the announcement of the 2024 Federal Budget, I have delved into various research papers and reports to grasp the f...
04/18/2024

Since the announcement of the 2024 Federal Budget, I have delved into various research papers and reports to grasp the full scope of the changes. These changes could impact various groups, such as individuals with disabilities, families with young children, first-time home buyers, and business owners.

They enhance support across disability aids, educational savings, home purchasing options, and the sale of business.

One particular change that really caught my attention is the bump up in the capital gains inclusion rate. This makes tax-efficient investing even more important than before, which is also part of the planning for my clients.

For more detailed insights, you can read my full blog here.

Since the announcement of the 2024 Federal Budget, I have delved into various research papers and reports to grasp the full scope of the changes. Given that there are quite a number of updates this…

“So it’s about not creating anxiety by thinking about the best practices for savings. It’s about having a plan that make...
04/14/2024

“So it’s about not creating anxiety by thinking about the best practices for savings. It’s about having a plan that makes sense, that’s realistic, and that you revise as you move forward in life, adjusting the plan as you go.” https://samuelconsultant.com/tax-refund/

As most of you should have filed our taxes by now (if you haven’t yet, remember the deadline to file tax for individual is April 30, 2024).If you have already done so, it’s a great time to di…

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