Maritime Private Wealth Solutions Inc., Author at Maritime Private Wealth Solutions Inc.

2025 Financial Calendar

January 1, 2025 in Blog, Family, Financial Planning, personal finances, rrsp, tax, Tax Free Savings Account /by Maritime Private Wealth Solutions Inc.

Managing your finances effectively begins with staying informed about important dates and deadlines throughout the year. This comprehensive guide outlines key financial milestones, including tax deadlines, benefit payment schedules, and contribution opportunities, to help you stay organized and on track. Whether you’re planning for tax season, reviewing your investments, or ensuring timely payments, this calendar provides everything you need to navigate the year with confidence. Take a moment to familiarize yourself with these essential details and set yourself up for a smooth and successful 2025.

2024 Year-End Tax Tips and Strategies for Business Owners

December 5, 2024 in 2024, Blog, business owners, Financial Planning, tax /by Maritime Private Wealth Solutions Inc.

Discover essential 2024 tax strategies tailored for business owners! From optimizing compensation and preserving the Small Business Deduction to maximizing the Lifetime Capital Gains Exemption, these tips can help save on taxes while planning for your business’s future.

2024 Personal Year End Tax Tips

December 3, 2024 in 2024, Blog, Financial Planning, individuals, tax /by Maritime Private Wealth Solutions Inc.

Get ready for tax season with our 2024 guide! Discover actionable tips for families, retirees, students, and investors, including insights on TFSAs, RRSPs, capital gains changes, and much more. Don’t miss these strategies to make the most of your tax year.

Understanding Taxes Payable at Death in Canada

November 5, 2024 in Blog, Estate Planning, financial advice, tax /by Maritime Private Wealth Solutions Inc.

Discover how taxes impact your estate in Canada and explore strategies to minimize the burden. Learn how to manage earned income, deemed disposition, and withdrawals at death to preserve your legacy.

Estate Planning for Blended Families

October 1, 2024 in Blog, Family, financial advice, Financial Planning, Insurance, Investment /by Maritime Private Wealth Solutions Inc.

Blended families – where two people get married but have children from previous relationships – are becoming more common. On top of the day-to-day challenges of blending a family, new spouses also have to figure out how to plan their estates, so everyone is properly taken care of.

We cover all of the following a blended family must consider while estate planning:
• Sharing the Family Home
• Make the Most of a Registered Retirement Savings Plan
• How to Share Non-Registered Investments and Other Assets
• Why It’s Important to Select a Good Trustee
• The Advantages of Life Insurance for Blended Family Planning

How to Choose and Customize a Group Benefits Plan for Small Businesses

September 2, 2024 in Blog, business owners, corporate, critical illness insurance, dental benefits, disability, disability insurance, financial advice, Financial Planning, Group Benefits, health benefits, incorporated professionals, Insurance, life insurance /by Maritime Private Wealth Solutions Inc.

Unlock the secrets to creating a brighter, sustainable future for your small business and employees. Discover the power of customized group benefits plans and why they’re the key to success. Read the full article here!

What is disability insurance?

August 6, 2024 in Blog, business owners, disability, disability insurance, Family, farmers, financial advice, health benefits, incorporated professionals, individuals, Insurance, Professionals /by Maritime Private Wealth Solutions Inc.

Discover how disability insurance can safeguard your income if you’re unable to work due to injury or illness. Learn about the benefits, how it works, and why it’s crucial for everyone, especially the self-employed.

Getting Ready for Money Emergencies

July 2, 2024 in Blog, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, Investment, personal finances, Professionals /by Maritime Private Wealth Solutions Inc.

Facing unexpected financial emergencies? An emergency fund acts as your financial safety net, ensuring peace of mind without dipping into savings or incurring debt. Start small, build steadily.

Network of Professionals

June 3, 2024 in Accountants, Blog, business owners, Center of Influences, Estate Planning, Family, farmers, financial advice, Financial Planning, incorporated professionals, individuals, Insurance, Investment, life insurance /by Maritime Private Wealth Solutions Inc.

As a financial advisor, my primary goal is to help you achieve financial clarity by accessing a network of dedicated professionals. Together, we provide personalized advice and services to help you make informed decisions and secure your future. Think of me as your financial coordinator, ensuring every aspect of your financial life works smoothly.

How To Use Insurance To Provide Your Family With Financial Protection

May 1, 2024 in Blog, life insurance /by Maritime Private Wealth Solutions Inc.

The best way to provide your family with financial protection is with solid insurance planning. These three types of insurance will ensure your family has the financial resources they need if you die, are injured, or become ill:

– Life insurance.
– Critical illness insurance.
– Disability insurance.

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