Michael Bronstine November 2022 My wife and I are both 57 years old. I have a business in Ontario, from which I earn $260,000 a year, and my wife makes $40,000 at her job. We have maxed out our RRSP contributions and we will soon…
By Michael Bronstine As many people with significant assets near retirement, they often want to know what is wealth management and what it can offer. Wealth management entails all management functions of a person’s wealth and assets. This includes both financial planning and investment management services. In contrast to other…
By Michael Bronstine It is all about diversification Modern Portfolio Theory has an amazingly simple premise when it comes to diversification: Look at your investable assets in their most basic asset class components of cash, equities, and fixed income – while being mindful of your…
Michael Bronstine Assuming that a corporation is nearing or exceeding the $50,000 threshold for passive income, here are some strategies to consider reducing the impact to the SBD Limit. Withdrawals to permit RRSP or TFSA contributions Given current tax rates, where you are a business…
By Todd Gotlieb If you’re angling to join the ranks of the upper middle class or the rich, it helps to get inside their heads. What makes them tick? What are their financial goals? Further, what do the rich worry about when it comes to…
Michael Bronstine September 2022 Strategies to transfer wealth to the next generations. Many Canadians might be happy to save just enough money to pay for their retirement and leave something for their children. A growing number of Canadians, especially wealthy ones, may want their money…
by Michael Bronstine How do you get from where you are today, to where you want to be with your estate planning? Your family will have enough to deal with on your passing and the foresight to plan will provide much-needed relief during a challenging…
Dear Todd, I spent my 20s and 30s making many financial mistakes, from ignoring my retirement fund to racking up debt. A few years ago, I was able to get my finances in a more stable place and that is when I decided it was…
By Michael Bronstine It is all about diversification Modern Portfolio Theory has an amazingly simple premise when it comes to diversification: Look at your investable assets in their most basic asset class components of cash, equities, and fixed income – while being mindful of your…
Michael Bronstine When it comes to finance, everyone has but one goal: to be financially well-off. But getting to a space of financial comfort is a long journey; it takes patience, perseverance and a lot of discipline and wise investments to get there. We may…