DYNAMIC
PLANNING
INSIGHTS
The Six Steps to Financial Planning
A certified financial planner is trained to focus on all aspects of your finances – everything from your taxes to retirement savings.
The six steps to financial planning are:
• Meeting your financial planner
• Determining your goals and expectation
• Reviewing your current financial state
• Developing a financial plan
• Implementing a financial plan
• Monitoring the plan
A certified financial planner will develop a plan that works for you both today and in the future.
Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner
You have worked long and hard to build up your business, and now you are ready to withdraw money from your business’ bank account. But you don’t want to get hit with a huge tax bill. So here are 5 ways to withdraw money from your business in a tax-efficient manner.
Self Owned vs. Bank Owned Mortgage Insurance
Before buying insurance from your bank to cover your mortgage, understand the difference between self owned mortgage life insurance and bank owned life insurance. The key differences are ownership, premium, coverage, beneficiaries and portability. Ownership: Self: You...
Federal Budget 2022 – Highlights
Federal Budget 2022 – Highlights On April 7, 2022, the Federal Government released their 2022 budget. We have broken down the highlights of the financial measures in this budget into the following different sections: Housing Alternative minimum tax Dental care Small...
2021 Income Tax Year Tips
Tax Tips You Need To Know Before Filing Your 2021 Taxes This year’s tax deadline is April 30, 2022. We’ve got a list of tips to help you save on your taxes! Claiming home office expenses You can claim up to $500 under the “flat rate” method if you worked at home due...