Canada Revenue Agency (CRA) administers the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program in which Canadian-controlled private corporation are encouraged to conduct their Research and Development in Canada. In exchange for this, the CRA is giving an investment tax credit of 35% to the first $2 million of qualified expenditures; and 20% on the excess amount. In dollar terms, this can be a few thousand dollars or even millions. The program is very attractive especially to start-up companies [...]

Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist them in identifying their financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with those goals. Comprehensive financial planning should involve these areas and these specific questions. ESTATE PLANNING How can you accumulate a sizable estate to pass on as a family legacy? How will your hard-earned assets be distributed after your death? How [...]

The 8 Biggest Mistakes When Designing Portfolios – and How To Avoid Them Are you as good an investor as you think? Do you consider yourself a well-informed investor able to anticipate and avoid nearly all pitfalls associated with investing? Chances are, you are making one of the common errors that could cost you hundreds or even thousands of dollars, or worse yet, your financial independence, control and security. “I see people making the same costly mistakes over and over,” [...]

Managing financial assets is something that is popular to many individuals thinking of their future.  There are several financial management firms that take the responsibility of managing a person or company’s worth to try and make the most with the money.  Financial asset management is a field of work that consists of usually finance majors that are qualified to work with investments.  The longer the consultant/broker is with the same client or company the stronger the relationship becomes.   There are several [...]

What is a line of credit loan and what are the benefits it presents? There always comes a time in our lives when an unexpected need for funds arises. Things like emergencies, unforeseen bills and irregular payment schedules require us to tap into our most hidden resources in order to be satisfied. It’s good if you maintain some sort of savings for things like this, but what if you’re not? Should you just forget that it happened? There are various [...]

With the number of foreclosures on a step rise many how owners want to know about the various options available that can help them to save their homes. One of the most potent and effective solutions to prevent foreclosure is home loan modification. Mortgage modification involves a permanent change in the loan terms of the borrower. This can include a reduction in the interest rate, waving off penalties or increasing the loan duration or a combination of such steps that [...]