Lucy Arruda, IG Wealth Management

A HUGE thank you to all who participated and supported our 22nd Annual Chilliwack Walk for Alzheimer's!
I am incredibly proud of our IG Wealth Management partnership with the Alzheimer's Society - to support the great work they do for millions of Canadians impacted by dementia. Funds raised at the Walk support the critical programs run by the Society and to hopefully find a cure soon!
It's not too late to donate - please help support the cause
https://support.alzheimer.ca/site/TR/WFA/WFA_BC?team_id=27871&pg=team&fr_id=4804

This week on The Living Market, Philip considers the possible consequences of stopping the speeding train of inflation: https://ow.ly/zSxA50P0ON4. Subscribe, rate and review now.

It's Senior's week. Help the seniors in your life avoid scams

How To Spot & Avoid Grandparent Scams Learn about grandparent scams (or "emergency scams") and how to avoid them. In this video we answer the following questions about grandparent scams:00:00 Wha...

Be careful of - taxes on shrinkflation.
In Canada, if food items are pre-packaged for sale to consumers in quantities of less than six, these products are taxed. Grocery shopping is complicated enough, but now, due to shrinkflation, consumers have to worry about how much more they need to pay. Depending on the province you live in, it could add 5% to 13% more to the price tag of some products you’re buying. And chances are, you have likely never noticed.

This was intended to decipher between 'snacks' and foods for when the GST tax was implemented. If you're in an HST province, like Ontario, it means + 13% tax!.

Do you check your grocery receipts? I have started to make sure I check each time, before I leave the store.

Death, taxes and shrinkflation Shrinkflation has bothered many people for a very long time. The taxman has given another reason why we should hate shrinkflation even more

A vacation property is not only a financial asset, but also an emotional one. Join our webinar on May 11th, 2023 at 1 p.m. CT to learn about the financial considerations that should go into handing down a vacation property to a loved one. Register today http://ow.ly/vncj50NHzEW

The seniors, parents and grandparents of our communities often face unique financial challenges that come with age. For those facing the journey with dementia, the need for advice has never been greater.
Reminder to Register for our Webinar tomorrow, April 20th - to watch live or receive the recording.

Alzheimer's Society of BC - Webinar Tomorrow, April 5, 2pm PST (5pm ET)
Getting to know dementia: Responding to a diagnosis
Learn practical strategies to live as well as possible after a diagnosis of dementia and explore different types of resources that are available at any stage of the disease.

Note: You will not be able to join the webinar until 15 minutes before the start time.

You can also join by phone! 1-833-231-5854 (Canada Toll-Free) up to 15 minutes before the scheduled start time. Phone conference ID: 378 595 193 #. Password is not required if you are connecting by phone.
Click on the link below:

Home - Getting to know dementia: Responding to a diagnosis - webinar - Getting to know dementia: Responding to a diagnosis

This week on The Living Market, Philip discusses Big Tech’s recent large gains: http://ow.ly/TvUP50NxsLZ Subscribe, rate and review now.

Budget 2023 - Alternative minimum tax
A real Financial Plan is tax efficient - we build plans that include comprehensive tax strategies.
The alternative minimum tax (AMT) is a parallel tax calculation that allows fewer deductions, exemptions and tax credits than under the ordinary income tax rules. The taxpayer pays the AMT or their regular income tax, whichever is highest.
Budget 2023 proposes to increase the AMT rate from 15% to 20.5% of AMT taxable income and raise the AMT exemption from $40,000 to the start of the fourth federal tax bracket (approximately $173,000 for the 2024 tax year). The AMT exemption would be indexed to inflation annually.

Tax Planning TFSAs, Capital Gains, Spousal RRSPs, and more. Our tax planning experts have helped Canadians keep their money since 1926. Learn about the TFSA limit & other tax solutions.

On Tuesday March 28, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland presented the 2023 federal budget, which contains several measures of interest to IG Wealth Management and its clients. This summary contains highlights of these proposals.

2023 Federal budget 2023 Federal budget By IG Wealth Management • March 2023 • Market update On Tuesday March 28, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland presented the 2023 federal budget, which contains several measures of interest to IG Wealth Management and its clients. This summary...

IG Finances and Dementia webinar

In 2022, the average Canadian family will earn $129,589 in income and pay an estimated $58,567 in total taxes (45.2%).
Today (June 15) is tax freedom day in Canada, according to the Fraser Institute. This is the day when we stop earning income to pay taxes imposed on us. This is 5 days later than last year

Our IG Living Plan will help you save taxes and keep more of your hard earned money, both while working and in retirement. PM me to Book a no cost or obligation appointment

https://fraserinstitute.org/studies/canadians-celebrate-tax-freedom-day-on-june-15-2022?fbclid=IwAR2uMJMZ55xFlk5FPeE5b1RDPiN_RJ7rc407tzd_buYpYkC5r9F3Ymy690Q

Canadians Celebrate Tax Freedom Day on June 15, 2022 The Fraser Institute is an independent, non-partisan research and educational organization based in Canada. We have offices in Calgary, Halifax, Montreal, Toronto, and Vancouver.

Should you lock in a variable rate mortgage?

Before you take that leap, get professional advice to compare your options

https://www.ig.ca/en/articles/2022/05/should-you-lock-in-a-variable-rate-mortgage

Portfolio rebalancing helps avoid emotional investing

Rebalancing plays a part in helping you reach your goals throughout your life stages.
https://www.ig.ca/en/articles/2022/06/how-to-rebalance-a-portfolio

Financial Advice | Lucy Arruda - Abbotsford | IG Wealth Management Better financial advice in Abbotsford starts with personal advice. Lucy Arruda is ready to work with you.

Thank you for walking with us. The costs associated with living with dementia are more than five times higher than Canadians living without the disease.

June 5-11 is Seniors Week in BC. As we recognize the contributions of Seniors in our community, it is important to remember the unique financial planning considerations they face.
If you have a senior you love, please consider a complimentary financial planning review with a Certified Financial Planning Professional. Your financial health depends on it.
To book: https://advisor.investorsgroup.com/en/lucy_arruda

The month of June is National Indigenous History Month and June 21 is National Indigenous Peoples Day. These observances celebrate the cultures and contributions of the First Nations, Inuit and Métis people while honouring the lived experiences of Indigenous peoples.
At IG, we continue to invest in the IG Empower Your Tomorrow Indigenous Commitment that will support the financial confidence of Indigenous peoples with $5 million in funding over five years.

If you really want to know what’s going on in a company, go to the mailroom. In the newest episode of The Living Market podcast, Philip explains how corporate bonds can act like the equity markets’ mailroom. Subscribe, rate and review now. http://ow.ly/WUQh50JoQsJ

Canadians who work with a CFP professional report less money-related stress. 44% of those who don't work with a CFP lose sleep over financial worries.
Our IG Living Plan is a comprehensive financial plan that will give you peace of mind.

Financial Advice | Lucy Arruda - Abbotsford | IG Wealth Management Better financial advice in Abbotsford starts with personal advice. Lucy Arruda is ready to work with you.

Join us on Wednesday - June 9th at 11am PT as our Chief Investment Strategist, Philip Petursson reviews the Q3 Market Outlook.
The session will cover:
• where we are in the economic cycle
• the direction for earnings growth
• how we can use a data driven approach to keep us on the right path
Philip Petursson is a veteran of the wealth management industry, having spent over 25 years working for prominent financial institutions in a variety of senior leadership roles. You won’t want to miss his insightful and always entertaining commentary. There will also be a virtual Q&A session where Philip will answer your questions live!
Register here: https://event.on24.com/eventRegistration/EventLobbyServletV2?target=lobby20V2.jsp&eventid=3803893&sessionid=1&partnerref=RO32Arruda&format=fhvideo1&key=476215ABE89DECD53CDCE63B6FA64FD7&eventuserid=538601817

Very proud to be a part of this Rotary Club, supporting the youth in our Community

June 5-11 is Seniors Week in BC. As we recognize the contributions of Seniors in our community, it is important to remember the unique financial planning considerations they face.
If you have a senior you love, please consider a complimentary financial planning review with a Certified Financial Planning Professional. Your financial health depends on it.

https://advisor.investorsgroup.com/en/lucy_arruda

Prescribed rate loans: Maximize a tax planning opportunity by June 30
Based on recent interest rate increases, the prescribed rate of interest for Q3 2022 will increase to 2%. This means that Canadian families have until the end of June to implement and lock in income splitting strategies using the current, and historically low, 1% prescribed rate of interest.

Financial Advice | Lucy Arruda - Abbotsford | IG Wealth Management Better financial advice in Abbotsford starts with personal advice. Lucy Arruda is ready to work with you.

The Alzheimer Society of BC has a webinar today: Living safely with dementia | Explore how people living with dementia and their families can live safely in the community.
Wednesday, June 1, 2 p.m. PT (60 minutes)

https://alzheimerbc.akaraisin.com/ui/dementiaeducation4248

For recorded content on past webinars, visit:
https://alzheimer.ca/.../program.../webinars/recorded-videos

June is Pride Month in Canada, which gives us the opportunity to demonstrate our commitment to our community's Two-Spirit, Le***an, Gay, Bisexual, Transgender, Q***r, Intersex, Asexual and Non-binary (2SLGBTQIA+) individuals.
We are committed to creating a community where everyone is fully included, safe, and feels comfortable regardless of gender expression, gender identity and sexual orientation.

We had a great day yesterday, throughout the country, raising awareness and support, in the IG Wealth Management Walk for Alzheimer's.
Our local Chilliwack Walk was our 20th Annual Chilliwack Walk.
It was great to connect in person again - for the first time walk since 2019. What a great community we live in.

Still time to donate if you can:
http://www.alzgiving.ca/site/TR?team_id=14022&pg=team&fr_id=3854

The Alzheimer’s Society says that 76,000 Canadians are diagnosed with dementia every single year.”
One in five Canadians have also experienced caring for someone living with dementia.
Join us on Sunday May 29, or please donate if you can:
http://www.alzgiving.ca/site/TR/WFA/WFA_BC/1263346651;jsessionid=00000000.app20005b?pg=team&fr_id=3854&team_id=14022&NONCE_TOKEN=E3AA33E53A7AD3BB9C21AFE4BFBE9E54

IG Wealth Management Walk for Alzheimer's Register or donate now to help those living with dementia and their families.

Navigate the new normal. Register to receive your On Demand link, or join us live at 12pm PT
an in-depth look at the post pandemic market and
financial planning opportunities with Chief Investment
Strategist, Philip Petursson, and Head of Financial
Planning, Christine Van Cauwenberghe.
Event includes a
live Q&A session.
https://event.on24.com/wcc/r/3743597/D5C61CD32EFAEA9913E3A5A8A572BF43?partnerref=RO32Arruda