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Achieving wealth doesn’t begin with the investment of assets. It begins with the investment of time. Time to understand your entire financial situation, personal values, goals and vision for the future.
We’re an independent company, so you have access to a broad range of investment, deposit and insurance products. Together, we’ll simplify your financial decisions with a customized plan that will allow you to manage and preserve your wealth while creating a legacy that sustains your values.
News & Updates
Avoiding Chaos Amongst Survivors
By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver
When somebody dies, family and friends want to do something to help the closest loved one(s), and with the best of intentions can inadvertently cause estate chaos. An action-oriented relative might take on notifying the deceased’s banks, others might contact credit card companies, insurance holders, and government agencies. In the pressure of the moment, the closest survivor might reveal financial information not normally shared with others, and later regret having done that. As helpful as these people mean to be, they could create unnecessary problems or leave tasks only partially completed without follow-up. Having an executor doesn’t prevent this kind of chaos.
Preparing For Your 2014 Tax Return
By Garry Keiller, The Nakamun Group, Edmonton
Hoping for an early refund, many people file their income tax return in March, and then have to file an amendment when more information arrives in the mail in April.
Beware… A Life Insurance Scam
By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg
A new scam has surfaced in Canada. Anyone who owns, plans to purchase, or even has no interest whatsoever in life insurance can be targeted. Be suspicious of anyone offering to pay your premiums for life insurance or give you money in connection with a life insurance application. There are catches.
A Look Back… and a Look Forward
By Greg Farries, BSC, The Nakamun Group, Calgary
In 2014, interest rates continued their long-term decline, with ten-year Government of Canada bonds ending the year with a yield at about two percent. Equity markets continued to rise from their lows in 2009.
This all happened against a backdrop of mounting concerns about economic growth in Europe, sliding oil and gold prices, a slowing China, a floundering Japan, the end of quantitative easing in the US, the emergency of ISIS in the Middle East, and rising fears regarding the outbreak of Ebola.
So what’s ahead?
Top Rated Articles
Automatic Exchange of Tax Information Confirmed
Budget 2015 confirmed the Government’s intention to implement the new automatic exchange of financial information between Canada and other G-20 countries starting on July 1, 2017, allowing the first exchange of information in 2018. CRA and foreign tax authorities will exchange information relating to financial accounts held by one country’s residents in another’s jurisdiction.
Foreign Tax Reporting Simplified
Effective 2015, if the total cost of a taxpayer’s specified foreign property is less than $250,000, the taxpayer will be able to report these assets to CRA using a new, simplified foreign asset reporting system. Where the total cost is more than $250,000 at any time during the year, the current reporting requirements will continue to apply.