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

2025 Federal Budget Highlights

November 5, 2025 in 2025, Blog, business owners, Estate Planning, Family, Financial Planning, incorporated professionals, individuals, Investment, mortgage, personal finances, Professional Corporations, Professionals, Retirees, retirement, tax /by Maritime Private Wealth Solutions Inc.

The 2025 Federal Budget focuses on stability and long-term growth, with no new broad tax increases. Key updates include GST relief for first-time home buyers, new credits for caregivers, and expanded incentives for clean-tech and manufacturing investment. The budget also clarifies how the 21-year rule applies to trusts and delays the new bare-trust reporting requirements to 2026. Overall, the plan aims to balance fiscal discipline with practical support for Canadians and small businesses.

What You Need to Know About RRIFs

November 3, 2025 in 2025, Blog, Investment, pension plan, Retirees, retirement /by Maritime Private Wealth Solutions Inc.

RRIFs come with required annual withdrawals that increase over time. Learn how much you must take out, how it’s taxed, and how to make the most of your retirement income.

Supporting Your Aging Parents Without Sacrificing Your Own Stability

October 1, 2025 in Blog, Estate Planning, Retirees, retirement /by Maritime Private Wealth Solutions Inc.

As your parents age, stepping in to help can feel overwhelming. This guide walks you through how to talk about money, gather important documents, secure legal authority, and create a flexible support plan. Learn how to manage caregiving without compromising your own financial well-being.

Why a Critical Illness Insurance Top-Up Could Make a Big Difference

September 3, 2025 in Blog, business owners, critical illness insurance, Family /by Maritime Private Wealth Solutions Inc.

Many Canadians have some critical illness coverage through work, but it often isn’t enough. A top-up can help families, employees, and business owners bridge the gap, offering peace of mind, flexibility, and protection when it’s needed most.

Helping Employees Get the Most Out of Their Health Benefits

August 4, 2025 in Blog, Group Benefits /by Maritime Private Wealth Solutions Inc.

Many employees don’t take full advantage of their health benefits because they simply don’t understand them. Educating your team can boost engagement, improve wellness, and increase the return on your benefits investment. Learn how to communicate health benefits effectively and keep your workforce healthier and happier.

OAS Clawback 2025: What Retirees Need to Know About the Recovery Tax

July 3, 2025 in 2025, Blog, Investment, pension plan, Retirees, retirement /by Maritime Private Wealth Solutions Inc.

The OAS recovery tax in 2025 is based on Line 23400 income and can quietly claw back your benefit. Learn how the clawback works, how much you could receive, and what strategies can help reduce or avoid it—like pension splitting, using a TFSA, managing RRIF withdrawals, and tax-efficient investing.

Personal Life Insurance Planning

June 2, 2025 in Blog, life insurance /by Maritime Private Wealth Solutions Inc.

Wondering which type of life insurance is right for you? This article breaks down what each option covers, how it works, and what it’s commonly used for—so you can feel confident protecting your family’s future.

2025 New Brunswick Tax Rates

May 5, 2025 in 2025, Blog, tax /by Maritime Private Wealth Solutions Inc.

2025 New Brunswick Tax Rates – Get the latest provincial and federal tax rates, including marginal rates, capital gains, and dividends. Stay informed and plan ahead!

Tax Tips for Filing Your 2024 Income Tax Return

March 31, 2025 in 2025, Blog, financial advice, incorporated professionals, individuals, Investment, pension plan, personal finances, Professionals, tax /by Maritime Private Wealth Solutions Inc.

Get ahead of tax season! Discover what’s new for 2024—from increased CPP contributions and Home Buyers’ Plan changes to key deductions and credits. Maximize your refund and avoid costly mistakes.

Bank of Canada Announces Interest Rate Cut Amid Economic Uncertainty

March 12, 2025 in 2025, Blog, Government Budget, Investment, tax /by Maritime Private Wealth Solutions Inc.

The Bank of Canada has cut interest rates to 2.75%, reflecting ongoing economic challenges and trade uncertainties.
Market volatility is normal, but staying disciplined and diversified helps manage risk over the long term.
If you have questions or concerns, please reach out—we’re here to help.
#BankOfCanada #InterestRates #MarketVolatility #FinancialWellbeing

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