Written By: Jasmine Taylor Overview Beneficiary Definition: any person who receives a benefit from an insurance policy or your investments when you die. In Canada, there are two main routes that your assets can take after you pass away. The first is to a beneficiary and the second is to your estate. If you...Continue reading
Written by: Jasmine Taylor Take the first step to reaching your financial goals! Are you saving to buy a home? A car? Saving for a well needed vacation after COVID? Or looking to renovate your home? These are all dreams that can be achieved by turning them into goals. Establish Your Goal First you...Continue reading
Written By: Sean Gardhouse Taxes! Taxes! Taxes! It's that time of year again. Even without all the complexities that the pandemic has created, navigating your tax return can sometimes be a daunting task. Not to worry, the professionals of Gardhouse Financial Counsel are here to help you take advantage of all the tax credits...Continue reading
Finn Financial has a story to tell you about the time that someone tried to claim arson as a tax deduction. Long story short, he did NOT get away with it......
Here is how to win: 1) Like the Gardhouse Financial Council Facebook Page 2) Fill out this short financial questionnaire That’s it! We will be randomly drawing the winner on March 1, 2021 @ 4pm...
We look forward to assisting with your tax return this year. We are a locally owned and operated business and we are very happy to offer reasonably priced tax returns completed by our knowledgeable tax professionals. Our starting price is $59.95 and includes one free T-slip. As we continue to deal with the effects...Continue reading
Big changes surround the Principle Residence Exemption (PRE) for the 2016 Tax Year. The Canada Revenue Agency (CRA) states the following: Starting with the 2016 tax year, individuals who sell their principal residence will have to report the sale on Schedule 3, Capital Gains of the T1 Income Tax and Benefit Return. Reporting will...Continue reading
The ballots have been counted, the Liberal led by Justin Trudeau will form a majority government with 184 seats in the house. Justin Trudeau has promised to help the Canadian middle class; follow the link below to find out how his proposals will affect your personal and family finances: http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/nine-ways-your-family-finances-will-change-under-a-liberal-government/article26886456/ Not sure what you...Continue reading
With the fast approaching year-end, it might not be a bad idea to consider sitting down and getting your tax paperwork together after the new year. Here are some tips from the tax planners at GARDHOUSE Financial Counsel. If you have kids, or someone going to college in the family: New tax cuts have...Continue reading