Otis E Smith - Wealth Advisor at Scotia Wealth Management

Quick explainer on Canada's controversial new capital gains tax increase.

The taxation of capital gains and the proposed inclusion rate increase now in effect The 2024 Federal Budget proposed to increase the capital gains inclusion rate (inclusion rate) for capital gains realized on and after June 25, 2024, from 50% to 66.67% for corporations and most types of trusts and from 50% to 66.67% on the portion of capital gains realized in the year that exceed $...

If you're considering , you should speak to your advisor about the benefits and obligations of corporations and how your corporation fits into your total plan.

Incorporating comes with both benefits and questions for professionals Incorporating allows for many significant freedoms beyond the flexibility that comes with being an entrepreneur. Find out more.

Longevity risk is the most unpredictable variable in financial planning. Ensure your plan contemplates the potential of outliving your resources and models contingencies and periodic check ins.

Posthaste: Canadians want to live to 100, but most would run out of money They are hoping for a retirement that lasts 27 years on average

ChatGPT can write your Will... but beware. Sure, you can save some $$$, but you get what you pay for.

ChatGPT, draft my will for me - All About Estates I saw a meme the other day that said “No one hates lawyers more than other lawyers”. After reading this post, I think lawyer hate is about to get redirected. The surprising part of law school is that it doesn’t actually teach you how to draft legal documents. A prompt...

Don't have time to read the latest Federal Budget? Check these fast facts for the highlights.

2023 Federal Budget fast facts Gain valuable insights into the federal budget with our fast facts. Stay informed on key highlights.

How to make non-deductible interest tax deductible. # tax https://buff.ly/3mGl2Ib

Insurance strategies can help to provide supplemental retirement income, tax efficient transfer of wealth to the next generation, shelter assets from creditors and more .

Six ways life insurance can grow your wealth Sponsor Content

Becoming a caregiver for your parents can be physically and emotionally overwhelming - especially if you're still working and/or have kids in the house. Take some stress off of yourself by having a plan to follow.

Quick tip: Key planning considerations for women caring for elderly parents Making the shift to being a caregiver can be challenging, and it can be especially stressful for women who are raising children, growing their careers, and caring for aging parents at the same time.

With markets continuing to digest negative news flow, investors are finding it difficult to stay calm amidst the volatility. Creating or revisiting a comprehensive financial plan can help allay fears about your future.

A holistic, goals-based approach to achieving your financial aspirations An advisor-led conversation can help you establish a Total Wealth Plan, achieve your financial goals, and set your income, longevity and legacy objectives.

Wondering how you can make a difference to a cause you believe in? Consider a few ways to help effect change in a cause that needs your support.

Seven ways to give more effectively Here are seven practical ways to help you to become a more empowered and effective donor.