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Happy Holidays From The Tanner Financial Team

 

In Celebration of the Holiday Season, Tanner Financial, Tanner Financial Group and Tanner Financial Services will be making a donations to both the Geneva Centre for Autism Foundation and Engage and Change's "Project Winter Survival". We will also be supporting Nabors, an organization helping to provide semi-independent living for those in need through their gift card program. We are proud to continue to support these charities. The Geneva Centre uses the funding to provide programs assisting autistic children and their families to function in their communities. Project Winter Survival provides winter kits to help the homeless survive our harsh winter conditions. For more information we encourage you to visit their websites.

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RRSP — an investment that can truly add-up

 22.5%. That’s the number, according to the latest census data (2016), of Canadian tax filers who contributed to an RRSP. The other 77.5% didn’t take advantage of this incredible savings tool. That figure is surprising when you consider the tremendous benefits of RRSP investing that include: tax-deferred growth tax deductions from contributions. As you might know, an RRSP contribution lowers your taxable income in the current year. Rather than paying a high marginal tax rate […]

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Insurers Continue to Define Conflict of Interest By A “Do As I Say, Not As I Do” Mentality

It may be time for the regulators to step in. That’s a statement no one would usually ever want to say. CLHIA the self-governing association of insurers has built a document called G19 on the guise of producing a more fair and clear landscape for Canadian consumers. Given that all insured products flow throw CLHIA members advisor literally have no choice but to follow any rules they put in. To be clear, I haven’t talked […]

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Understanding The Chambers Employee Benefits Plan

Understanding How Your Ontario Small or Medium-Sized Business Can Benefit from a Chambers Employee Benefits Plan Over 30,000 Canadian small and medium-sized businesses are using a Chambers Employee Benefits Plan to provide a wide range of medical and dental coverage to their employees.  Over the last 40 years, the Chambers Plan has earned a reputation for being stable, smart, and simple to manage. There are various reasons why your business should consider joining, and our […]

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It’s Time for the Canadian Government to Wake Up;

In the past couple of months, we have had the opportunity to watch governments in the news both here and abroad tackle challenges. Canada clearly has some independent issues that I believe are reaching a boiling point. Watching Canada Post implode; our oil industry falter; our largest auto manufacturer propose closing their oldest and most efficient plants; and the Federal Liberals building a self-serving case to run their next election campaign on – National Pharmacare, […]

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Understanding your Net Worth

Why Understanding Your Net Worth is Important and Why It’s a Key Element in Your Financial Plan Knowing your net worth is a key factor in planning for your retirement. Knowing what your net worth is and the effect it has on your retirement plan is an essential element to any well-rounded financial plan. If someone were to ask you, would you know your net worth? It’s one of the most common terms in personal […]

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6 Tips for Succession Planning

6 Tips for Succession Planning

For business owners, succession planning should be a vital part of their strategy – even if the eventual exit from the enterprise is years or decades away.
However, a recent poll found that only 42 per cent of small business owners are uncertain about their retirement and almost half – 48 per cent don’t seek financial advice.
Use these six tips to evaluate if you’re paving a road for success or if you need to clear some bumps along the way.
Often given short shrift, business succession planning is a vital part of being a business owner – even if the eventual exit from the enterprise is years or decades away. These six tips should help pave the way for a successful sale or handover.

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Time For Canadians To Re-Evaluate Their View Of Business

This past week I ran into a couple of articles that really define the issues on the Canadian political landscape and their impact on small and mid sized enterprise in this country. The article linked here from the Fraser Institute provides some data on comparing government and private sector compensation. Link –  https://shar.es/a1RpHx For as long as I have been working the most common understanding at the grassroots level for most Canadians was work for […]

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