Blog | 4 Corner Financial

TFSA versus RRSP – What you need to know to make the most of them in 2023

by James Dietrich | Feb 2, 2023 | 2023, Blog, RRSP, Tax Free Savings Account

When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the distinctions, we will compare the following: The differences in...

Canada Pension Plan and Old Age Security Changes

by James Dietrich | Jan 5, 2023 | 2023, Blog, pension plan, retirees, Retirement, Uncategorized

The Canada Pension Plan (CPP) and Old Age Security have recently undergone changes that may affect when individuals begin drawing on these programs. The contribution period for CPP has been extended to age 70, and starting in 2024; individuals will have the option to...

2023 Financial Calendar

by James Dietrich | Jan 1, 2023 | 2023, Blog, Financial Planning, Retirement, RRSP, Tax Free Savings Account

Welcome to our 2023 financial calendar! This calendar is designed to help you keep track of important financial dates and deadlines, such as tax filing and government benefit distribution. You can bookmark this page for easy reference or add these dates to your...

2022 Year End Tax Tips and Strategies for Business Owners

by James Dietrich | Dec 6, 2022 | 2022, 2022 Only, Blog, Business Owners, Financial Planning, tax

Now that we’re approaching the end of the year, it’s time to review your business finances. We’ve highlighted the most critical tax-planning tips you need to know as a business owner.Salary/Dividend MixAs a business owner, an essential part of tax...

2022 Personal Year-End Tax Tips

by James Dietrich | Dec 5, 2022 | 2022 Only, Blog, individuals

The end of 2022 is quickly approaching – which means it’s time to get your paperwork in order so you’re ready when it comes time to file your taxes!In this article, we’ve covered four different major types of 2022 personal tax tips:Investment...

Estate Planning for Blended Families

by James Dietrich | Dec 1, 2022 | Blog, estate planning, Family

Blended families – where two people get married but have children from previous relationships – are becoming more common. It can be challenging enough to take care of the everyday logistics; from where to live to making sure everyone gets along. So trying to make sure...

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Network of Professionals June 3, 2024
As a financial advisor, my primary goal is to help you achieve financial clarity by accessing a network of dedicated professionals. Together, we provide personalized advice and services to help you make informed decisions and secure your future. Think of me as your financial coordinator, ensuring every aspect of your financial life works smoothly.
James Dietrich
Financial Planning For Self-Employed Contractors May 1, 2024
Being a self-employed contractor can bring you a large cash flow and the satisfaction of being your own boss – but it can also make financial planning more complicated than being an employee. When creating a financial plan, Self-employed contractors need to keep a number of items in mind. Read to find out!
James Dietrich
Stay Ahead in 2024: A Comprehensive Checklist for Federal Tax Updates April 22, 2024
Explore the upcoming 2024 Canadian tax changes affecting investors, business owners, and high-net-worth individuals. From capital gains adjustments to new incentives, stay informed with our comprehensive checklist.
James Dietrich
2024 Federal Budget Highlights April 17, 2024
On April 16, 2024, Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: • An increase in the portion of capital gains subject to tax, rising from 50% to 66.67%, starting June 25, 2024. However, individual […]
James Dietrich
Tax tips to know before filing your 2023 income tax April 2, 2024
Unlock the secrets to maximizing your 2023 tax returns with our essential guide. From the new Advanced Canada Workers Benefit to crucial deductions for families, ensure you're not leaving money on the table this tax season.
James Dietrich