November 2024

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Year End Tax Planning Ideas

The following are some ideas for individuals and business owners to reduce income taxes as 2024 draws to a close.


Individuals should consider doing their RRSP contributions before the RRSP rush in the first 60 days of 2025. You can get better values by buying today than when all the last minute procrastinators rush to buy their RRSPs in the New Year and temporarily push up market values.


Another idea is to remember to top up any RESP contributions to take advantage of the 20% educational grant before...

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Bad Excuses for Putting Off Investing

Recent college or university graduates with their first career job have an understandable itch to spend money after years of living on Kraft Dinner. The last thing they want to think about is saving money and building assets.


Yet this is the ideal time in life to start developing the correct habits that will lead to a comfortable lifestyle now and in the future. But what we often hear are the reasons why now is not the right time to get started. And you don’t even need to watch how you spend every penny!


Here are four bad excuses for not investing:


’I know people that lost money’


Yes, investing involves risk but so does driving a car. Yet we still drive our cars! The key is to learn from your mistakes and not to...

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Weighing the Cost of Your Retirement Dreams

We all know how easy it is to romanticize our retirement years. Many of us make lengthy lists of things we will do and experience in those golden years. We have little doubt about our ability to enjoy the perfect blend of leisure and excitement, which is what makes the very idea of retirement seem so priceless to so many of us. However, it would be a mistake to equate "priceless" with "cost-free!"


Those golden years might cost you more than you think. Are you prepared for those costs?


Here is the thing to remember: sound financial plans focus on the type of assets and retirement income you will need in order to maintain a certain lifestyle level once you stop working. If you have plans beyond simply living out your...

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Life is like riding a bicycle. To keep your balance, you must keep moving.

Albert Einstein

Aligned Capital Partners Inc. (ACPI) is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and member of the Canadian Investor Protection Fund (www.cipf.ca). The information contained in this publication has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by Aligned Capital Partners Inc., its affiliates or any other person as to its accuracy, completeness or correctness. All opinions expressed in this communication are those of the author, as of the date of this publication, and subject to change without notice. Opinions expressed in this publication should not be viewed as legal, accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Products or services referenced may not be suitable for you and it is recommended that you consult your advisor if you are in doubt about the suitability of such investments or services. This is not an offer to sell or a solicitation of an offer to buy any securities. Investment products are provided through ACPI and include, but are not limited to, mutual funds, stocks, and bonds. All non-securities related business conducted by Myron Dietrich is not in his capacity as an agent of ACPI. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Myron Dietrich. Past performance is not indicative of future performance and future returns are not guaranteed. No matter contained in this document may be reproduced or copied by any means without the prior consent of the author or ACPI.

Myron Dietrich Calgary
350 – 7 Ave SW Suite 2902, Calgary, AB T2P 3N9
Ph: (403) 452-6652