Holistic Insurance and Financial Services Inc.

06/05/2024

BREAKING NEWS : Bank of Canada reduces policy rate by 25 basis points

12/31/2022

The end of a year and the beginning of another year is a perfect time to reflect on the passing year and to plan for the income year.
Please be aware of the following changes in the taxation system ( for those that are Canadian residents)
* TFSA ( Tax Free Savings Account) annual limit increasing to $6500. First time since 2019
* RRSP ( Registered Retirement Savings Plan) annual limit increasing to $29,210 or 18% of your income . The increase is upto $30780 for high income earners .
* CPP( Canada Pension Plan) contributions increase to $3754.55. For the self employed it is double
* Capital gain exempt increase to $970,000.
* First time home buyer tax credit : $10,000
* Home accessibility tax credit : $20,000
* Canada Dental Benefit: $1300 over 2 years depending on income
* Multigenerational Home Renovation Tax Credit: $7500. This tax credit is for those that credit a secondary suite in their house to accommodate a senior or a disabled relative .
*FHSA ( First Home Savings Accounts) to be launched on April 1,2023. This account would be tax deductible for eligible first time home buyers and alllow a life time contribution of $40000 or annual contribution limit of $8000.
* Tax bracket changes: federal tax only .
-Income upto $53359 to be taxed at 15%
-Income of $53359- $106717 to be taxed at 20.5%
- Income of $106,717 - $165,430 to be taxed at 29%
-Income of $106,717- $235,675 to be taxed at 33%
- income above $235,675 to be taxed at 36% - 37%.

Please bear in mind that it is not how much you make, it is how much you keep.
I can help you convert some of your income to income generating assets and make your money to work for you .
I can help , book a non obligatory free consultation today at 204-880-9796 or at 204-417-1938.
Visit us at www.holisticplanningservices.ca
Happy 2023!

Financial planning, financial coaching and seminars from a fee-only certified financial planner who helps clients align their savings, investments, retirement plans, and educational financing decisions with their core values, or value system, including through socially responsible investing.

12/31/2021

Happy New Year!

03/08/2021

We are here to help!
If you are looking for a business loan, equity financing etc., we can help.
Are you having a business idea, or are you looking at expanding your current business or add a new line of business? We can help !
We have a consortium of private and corporate lenders, that are willing to either partner with your in your business, do a management buy-out or provide business loan to you.
I can be reached at 204-880-9796 or visit www.holisticplanningservices.ca.
Please note that real estate investments are exempted.

Financial planning, financial coaching and seminars from a fee-only certified financial planner who helps clients align their savings, investments, retirement plans, and educational financing decisions with their core values, or value system, including through socially responsible investing.

10/18/2020

Disability insurance is an integral of a financial plan.
I can help !
www.holisticplanningservices.ca

10/18/2020

Disability Insurance is a cardinal part of a financial plan.
In case you are injuried or ill, your income may be greatly impacted, a disability insurance can help you. I can help!
www.holisticplanningservices.ca.

10/10/2020

Why whole life insurance?
You might have heard of any of the followimg phrases?
1. bank on your own.
2. gift for life.
3. bank pon your own.
4. money for life.
I can help.
www.holisticplanningservices.ca or 204-417-1938

10/03/2020

10/03/2020

I can help!

09/12/2020

From September 1- December 1,2020, Canada life is offering a 4 months premium free on qualifying Term 20, Term 30 and Term to age 65. This offer includes all the additional benefits( riders) attached to a life insurance.
I can help!
You can book a non-obiligation meeting by calling 204-880-9796 or 204-417-1938.