Anti-Flipping taxes 💰

HOME ACCESSIBILITY TAX CREDIT

Multi-Generational Home Renovation Tax Credit

HOME BUYERS' BILL OF RIGHTS

🏡 🌟 ENHANCED FIRSTTIME HOME BUYERS' TAX CREDIT 🌟🏡

The enhanced credit will double the first-time home buyers' tax credit amount to $10,000 (from $5,000).

BUDGET HIGHLIGHT: TAX FREE FIRST HOME SAVINGS ACCOUNT

Save up to $40,000 toward the purchase of a first home. Contributions will be tax-deductible and can be withdrawn tax free.

2022/2023 CANADA'S BUDGET REFLECTIONS SINCE THE LAST BUDGET*

The Federal government's budget on April 7, 2022 introduces changes that may affect your individual and family finances.

Canadian Dollar vs. the U.S. Dollar 💰
79.47¢ APR 7, 2022 vs
79.88 APR 19, 2021 BUDGET
S&P/TSX

Composite 📈
21 834.89 APR 7, 2022 vs
19.204.40 APR 19, 2021 BUDGET

Oil Price per Barrel in SUSD ⛽️
$95.51 APR 7.2022 vs
$63.38 APR 19, 2021 BUDGET

Unemployment Rate 💼
5.30% APR 8, 2022 vs
$8.10 APR 19, 2021 BUDGET

Get Started

Start TODAY

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Start TODAY 〰️

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We always enjoy sharing sometimes.

SETTING UP YOUR ONLINE ACCESS

Setup your Access Today!

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Setup your Access Today! 〰️

Want to make your personal banking easier? Have you thought of creating a personal financial website that you can share with your spouse or family members? It’s an easy, secure and convenient way to share your financial information.

ARE YOU LIVING BEYOND YOUR MEANS? PART 2

Do you spend time wondering where your money goes?

Do you feel that you don't have enough money?

Sometimes spending can get out of control. Bad habits can creep up on us without us without realizing it. Those little expenses add up and turn into big ones, and before you know it, you're living beyond your means. Lifestyle inflation is a habit that we see develop sometimes.

There is some good news. By educating yourself and approaching this with intention and focus, you can better control overspending

Changing your habits and lifestyle might seem hard, but you'll find it is rewarding.

Start budgeting, saving, and investing today. Once you see some progress toward your goals, you'll be motivated to reach your goals.

ARE YOU LIVING BEYOND YOUR MEANS? PART 1

Do you spend time wondering where your money goes?
Do you feel that you don't have enough money?

Sometimes spending can get out of control. Bad habits can creep up without you realizing it. Those little expenses add up and turn into big ones, and before you know it, you're living beyond your means. Lifestyle inflation is a habit that we see develop sometimes.

If you're beginning to wonder if you're living beyond your means, we've got some examples to help you figure it out.

• You play the comparison game
• Your rent/mortgage costs are too high
• You drive a car you can't afford
• You could add money monthly to your investments for retirement, but you chose not to
• You don't use a budget, but wonder where your $ goes
• You use credit cards for emergencies and don't
save
• You put fun before important expenses or savings
• You don't prioritize insurance when you can afford it
• You make good money, but spend it all

WHAT TO DO IN YOUR 20’S THAT WILL BENEFIT YOU IN YOUR 30’S AND 40’S

1. Build a habit of eating healthy and exercising.
Your body will thank you years later
2. No one person has it so figured out!
So don’t stress in thinking that you must
3. Focused on communication, this skill is beneficial for everything
4. Travel. Do this as much as you can.
You will never regret it. If you can travel, do it
5. Choose who you spend your time with.
The five people you spend the most time with have the most impact on your life.

ONTARIO STAYCATION TAX CREDIT

Overview. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of COVID-19 covid 19 pandemic.. Ontario residents can clam 20% of their eligible 2022 accommodation expenses, for example, for a stay hotel, cottage or campground, when filing … www.ontario.ca

Bottom line is…

For the calendar year 2022…
Keep any receipts for a hotel, campground, etc (up to $1000) and you should get 20% of that back ($200)

- Bonnie

TIME TO GET ORGANIZED-Finish

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FINISH UP ORGANIZING BY STORING ALL THIS NEWLY ORGANIZED INFORMATION IN A SAFE PLACE

Consider the following:

• Safety deposit box (accessible by a joint owner or executor)
• Filing cabinet
• Home safe

Now make sure to treat yourself to something for a job well done!

TIME TO GET ORGANIZED-4

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NEXT -
GATHER ANY ADDITIONAL INFORMATION AND CONTACT DETAILS.

• Notices of assessment for recent tax years
• Business of documents if you own or co-own a business
• Real estate deeds
• List of jewelry, art, collectibles, and other valuables
• List of digital assets (social media accounts, data or digital files, website, subscriptions, etc.) * consider providing passwords to a trusted individual and/or executive
• Advisor
• Accountant
• Lawyer

TIME TO GET ORGANIZED-3

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GETTING ORGANIZED - GATHERING YOUR INFORMATION

Start with the personal information for your immediate family members.

Also gather any legal documents
• Full legal name and birth date
• Health card number
• Driver’s license and passport number
• Blood type
• Medications
• Allergies
• Health care provider contact information
• Other important contacts
• (daycare, school, specialist, in case of emergency, etc)

Also gather legal documents (continued):
• Will
• Powers of attorney (including directions on how to manage your financial, health care, and end of life decisions)
• Trusts
• Birth certificate
• Marriage certificate
• Divorce certificate