ESTATE PLANNING – The Art of Dying Neatly

In today’s complicated world of tax and legal structures, a poorly planned estate can create confusion and difficulties for your loved ones at a highly emotional time, and could result in an unnecessarily large portion of your estate paying administration costs such as legal, accounting, or probate fees. Read More…

A Possible Personal Tax Solution for Corporation Owners

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Many individuals and families accumulate and hold assets within a private corporation, most often to provide flexibility in managing the amount and timing of personal income taxes paid. While a corporation can be effective for deferring personal income tax, at some point in time, the shareholder(s) will have to withdraw assets. Finding a tax-effective way to do that can be a challenge.  Read More…

Budget 2015 Affects Everyone

By Garry Keiller, The Nakamun Group, Edmonton

The 2015 Federal Budget includes proposals that will impact the financial, tax, and estate plans of our clients. The following is a summary of the items that might relate to you:

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Commuting a
 Pension Plan

By Garry Keiller, The Nakamun Group, Edmonton

Some defined benefit pension plans offer the option, under certain circumstances, such as retirement or termination of employment prior to age 55, to transfer a lump sum value to an individual retirement account. This lump sum payout is the “commuted value”, and is the present value of future expected pension payments. Read More…

The Ups and Downs of
 Oil Prices

By Greg Farries, BSC, Calgary

In June 2014, the price of oil was comfortably above $100 a barrel. Since then, the price has declined by approximately 50 percent, largely due to a classic supply/demand imbalance. New technology has enabled record global production, creating oil inventories in the US unparalleled in 80 years. The precipitous drop in prices has caused oil companies around the world to cut their capital spending. In Alberta alone, oil companies have cut their planned 2015 expenditures by more than $20 billion. Read More…