The government fully admits it. It’s there in black and white on the Government of Canada website (canada.ca) on the History of Taxes. “In 1917, as a temporary measure to help finance the war, the federal government introduced the Income Tax War Act, covering both personal and corporate income.” It then took 31 years for them to finally admit that “…income tax was no longer … [Read more...] about A taxing time
Arnold Machel, CFP®
Arnold Machel lives, works, and worships in the White Rock/South Surrey area. In 1995, he founded Visionvest Financial Planning & Services with the dual goals of “effecting positive financial change” and assisting clients to “Invest with Vision”. Since that time Visionvest has received numerous recognitions, including being voted in the top three in the Best Investment/Financial Advisor category by Peace Arch News readers for the past four years in a row.
Arnold has held the Certified Financial Planner® designation since 1998 and has served on many boards, currently sitting on the board of Abundance Canada (formerly the Mennonite Foundation of Canada), a national charity focused on helping Canadians give generously. He is currently a co-host with his son, Ben, on the popular monthly Retire In BC podcast.
Questions and comments can be directed to him at dr.rrsp@visionvest.ca. Please note that all comments are of a general nature and should not be relied upon as individual advice. While every attempt is made to ensure accuracy, facts and figures are not guaranteed.
The danger of avoiding probate through the use of joint accounts
Avoiding probate is a topic that regularly comes up in conversations here in my office. Unfortunately, all too often the tail (probate fees) is wagging the dog (estate planning). Proper estate planning takes the cost of probate into consideration and, where it makes sense, proper estate planning will take steps to avoid those costs, but cost savings shouldn’t be the main … [Read more...] about The danger of avoiding probate through the use of joint accounts
All that glitters – investing in Gold
Gold holds an unusual and fascinating allure in the investment world. Admittedly, even to me, the thought of gold ingots stored in a safe house just sounds kind of cool. It’s times like these that I start fielding questions such as, “should I have some gold in my portfolio?” At the time of writing, an ounce of gold is priced at $1,499.23. That’s an increase of $313 … [Read more...] about All that glitters – investing in Gold
Tithing on your inheritance
I was recently asked the question: “Should I tithe on an inheritance that I receive?” My first thought (and in hindsight I wish I had verbalized it) was that I was pleased that the person didn’t ask: “Do I have to tithe on my inheritance?” That showed that they were coming at the question with the right heart. In considering my answer, it might help the reader to understand … [Read more...] about Tithing on your inheritance
Hiring a financial planner
Let’s not sugar-coat it. Money is important to all of us, even though many of us don’t necessarily want to admit it. Even the least worldly of us wants a dry bed, a roof over our heads and our daily bread. And that takes money. In today’s world, it’s even more complicated. Navigating through the maze that is comprised of mortgages, insurance, pensions, RRSPs, TFSAs, … [Read more...] about Hiring a financial planner