Financial Freedom Insights
Smart Strategies For Building Wealth And Giving Back
We want to make financial topics easy to understand and help you take control of your financial future. With tips on smart saving, investing, budgeting, and even philanthropic planning, we’ve got you covered. Our goal is to give you the tools and knowledge to feel confident about your financial journey—while also making a positive impact along the way!
Ways to give to grandchildren
Making a difference in a loved one’s life is truly rewarding. Explore the ways you can help a grandchild, and understand why the first decision is when to give the gift.
Preserving estate assets for your heirs
Treasured assets have been reluctantly sold to cover the tax payable by an estate. Here are four ways you can plan to take care of the tax bill.
Have you planned for digital assets
Imagine your executor needing to access your bank account without your password. That’s just one reason it’s critical to include digital property in your estate plan.
How to pay little or no tax on RESP withdrawals
Did you know that some Registered Education Savings Plan (RESP) withdrawals are taxable, while others are not? We’ve got tax-saving tips for you and your child.
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Smart Strategies For Building Wealth And Giving Back
Maintaining financial peace of mind
When fears over COVID-19 sent markets plummeting in March, investors felt the initial shock. But markets rallied in the following weeks, turning shock to a sense of hope.
When to review your estate plan
It’s easy to think you can put off changes to an estate plan – the plan doesn’t even take effect during your lifetime.
Can you retire earlier?
Today, to change a retirement plan often means postponing the date, not moving it up. After all, we’re living longer, and early retirement adds even more years to fund.
How to make tax-smart RESP withdrawals
When it’s time to withdraw funds from a Registered Education Savings Plan (RESP), tax planning may be involved. It’s all because an RESP is composed of two pools of money, one taxable and one non-taxable – and you choose the pool for each withdrawal.
When to make a move to safety
Many long-term investors wonder if they should take action when markets suffer a downturn or become volatile. Should you sell equities and turn to the safety of cash?
How to choose the method of making a charitable gift
When you’re confident you have provided financially for yourself and your loved ones, you may begin thinking about helping others through charitable giving.
What’s your retirement personality?
If you take a minute to think about any retired individuals or couples you know of, you’ll probably note a variety of different retirement lifestyles and personalities.
When should you open a RRIF?
There’s no minimum age requirement to open a Registered Retirement Income Fund (RRIF). As for the maximum age, retirees who wish to convert their Registered Retirement Savings Plan (RRSP) to a RRIF must do so by the end of the year they turn 71.
Missing any tax credits or deductions?
When filing a personal tax return, you want to take advantage of every break available, so we’re alerting you to tax deductions and credits that are commonly missed.
Want to see into the future?
Say that a couple is struggling with a decision about whether to help their child purchase a home. The couple wonders, and worries, if the cash outlay will interfere with their retirement.
When a family member needs special care
When you raise a child who has special needs or look after another family member with a disabling medical condition, you spend a lot of extra time providing care.
Watch out for the windfall syndrome
A sum of money lands in your lap, perhaps a tax refund or an inheritance, and you’re overcome with the urge to splurge on lavish purchases. That’s the windfall syndrome – if it’s not from your regular paycheque, it’s free money.
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At Endurance Wealth Partners, we’re here to help you simplify your financial journey. Whether you have questions, need advice, or are ready to take the next step, we’d love to hear from you!