With the holidays quickly approaching and the end of the year on the horizon, now is the time for some last minute ideas to help reduce the tax bill that may be looming.

Get rid of stocks that are down. If you have any invested money that did not favor you this year, it might be time to end it. If you have capital gains, the losses could offset your earnings, reducing or eliminating any tax you owe.

The winter season can be an interesting time of year. Work has a big high where everyone is trying to get all of their work done before the holidays and then a really big low just in time for the break. This lull in time is the best time to get your company back in order. Below are some tips, just for that!

Know your cash flow situation You cannot account for the future near or far if you do not have an idea of the money coming in and going out. Be proactive in your planning rather than thinking, “oops, we didn’t bill enough last month.”

Don’t you just love the holidays? Shopping, buying and wrapping gifts, cooking and baking holiday treats; between all of it you barely have time to enjoy the holiday sprit or spend time with loved ones.

Often we tend to give the gift of material goods, but experiences make for more memorable presents. Whether it’s a family trip, or another gifted experience it will show that you have put effort into the gift. Another added benefit is that research shows that these presents make people feel more bonded to the gift-giver than a tangible item ever could.

It’s that time of year again folks, where you try to juggle being a parent, going to work, and everything else that may be on your plate. Everything that’s happening is right now whether it’s a school play, deadline at work, or a holiday party. There is always so much to do and so little time to do it.

Here are some tips for the hard working people out there, trying to juggle the multiple roles they play in life.

Nearly half of the Canadian population is currently living paycheck to paycheck with no savings or have some savings, which wouldn’t get them through three months. This is not just those people and families with a low or a medium monthly income, but includes those with a high monthly income too. Saving money takes time; you do not just wake up one morning with a bank account full of money. It’s just like working out takes time, you don’t lose the weight over night. To help you get started, here are a few tips!

Rules to Financial Planning

Many people ask us what they should do to create wealth for themselves and their children. Here are four rules that we have come across that are essential to Financial Planning, regardless of someone’s income:

1. Get rid of Non-deductible Debt
2. Accumulate Assets for Retirement
3. Find opportunities to split income with your spouse or children
4. Prepare for the Unexpected

Now that you know the rules here is a brief insight into what they mean: