Mary Keetch Financial Services

Blended finances for blended families

Merging households with children can be financially complicated.  CANADIAN FAMILIES COME IN ALL SHAPES AND SIZES. About one in eight (12.6 per cent) are blended families (or stepfamilies) in which one or both adults brought children from a previous union into a married or common-law relationship.1 Merging two households with children can be full of promise, joy and excitement – but it can also be financially complicated.

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Buy or rent?

It’s the question many are asking in today’s real estate market. WE HEAR A LOT ABOUT CANADA’S HOUSING MARKET in the news – record home sales and steadily rising prices. In fact, house prices in Canada’s biggest cities more than doubled from June 2005 to April 2017. As year-over-year growth rates reached over 14 per cent in July 20171, some Canadians were rethinking home ownership and embracing the lower cost and flexibility of renting.

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Pension income splitting vs spousal RRSPs

Determining when each tax strategy works best.

PENSION INCOME SPLITTING CAN BE A GREAT WAY to reduce taxes.  Couples can split their income once their Registered Retirement Savings Plans (RRSPs) become Registered Retirement Income Funds (RRIFs).

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Do you or someone you know qualify for the Disability Tax Credit?

Disability

Perhaps a Registered Disability Savings Plan RDSP could help you reach your financial goals.

People with disabilities and their loved ones face a distinct set of financial challenges throughout their lives. To help address these challenges, in 2008 the Government of Canada introduced the Registered Disability Savings Plan (RDSP). Designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate funds by providing assisted savings and tax-deferred investment growth.

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Avoid a legacy of taxes

Avoid a legacy

AMERICAN INVENTOR AND POLITICIAN Benjamin Franklin wrote,  “In this world nothing can be said to be certain, except death and taxes.”1 And while the thought of death can be unpleasant, so can the prospect of leaving your family a large tax bill. With a little planning, you can help minimize the taxes on your estate once you’ve passed on. Here are a few tax-saving strategies to consider.

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