Make it About Memories, Not Money

Make it About MemoriesMother Nature has been quite kind to us in Manitoba so far this summer. The sun has been shining and the temperatures are fantastic. And let’s not mention the M word, the lack of our buzzing, biting little buddies.

Now that school is out, it’s time to think about how to entertain ourselves on the weekends and the kids for two whole months. With a younger generation who has access to more technology and games than any generation prior, it’s easy to visualize a summer spent indoors. With the summer shaping up as it has been so far what a better time to break that cycle. Let’s be smart about it and not break the bank while we’re at it.

We live in a beautiful province that offers so many options for activities. These can range from day trips to week long outings for anyone who wants to enjoy it. Here are some cost-effective options for making memories. Continue reading

Planning for the Unplanned

Girl lift her hands to the sky and feel freedom.What comes to mind when you hear the term “financial planning”? It’s a kind of fuzzy term that most people associate with retirement or other such occurrences in the future. Thinking and planning for the long term makes sense, but what about now – today, tomorrow, or the day after?

Here’s a little scenario to get you thinking about today. You live in a nice home with your spouse and family. You’re both gainfully employed and life is going well. Since you’re feeling comfortable, you upgrade that old junker car to one that’s more appropriate to your current lifestyle. You deserve it! Continue reading

Money Can’t Buy You Love

Critical IllnessAs the old adage goes, money can’t buy you love, but it can buy you time with the ones you love when you need it most. We all hope to have a long healthy life with plenty of time with family and friends. Sometimes however, life has different plans and a little planning can ease the financial burden at a time when the last thing you should be thinking about is money. Critical Illness Insurance is one option to account for the unforeseen future.

A long term client of YourStyle found themselves in this exact situation. While they were diligently working on their retirement plans, one of them was diagnosed with terminal brain cancer only to pass 37 days later. Continue reading

What You Need to Know When Preparing for Your 2017 Tax Return

As Spring draws closer (hopefully), so does the time to prepare and file your 2017 taxes. Since we last posted, you should have received all the required paperwork from your employers and investments. Now it’s time to catch up on the latest changes to the tax laws as some of them may affect you.

CaregivTax Tips 2017ers
Are you a caregiver of a family member with a physical or mental impairment? If so you may be eligible for the Canada Caregiver Amount tax credit. The government recognizes the extra financial responsibility being a caregiver can have on your finances. This year determining if you qualify for the credit will be much simpler.

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There Are Two Certainties in Life and One is Taxes

tax time 2018It’s the time of year where the working world is split into those that look forward to tax refunds and those who dread seeing how much they owe. Yes, that’s right, it’s tax time. The buzz has begun with the distribution of T4s, which companies have until the end of February to deliver.

Tax returns are one of those things in life that are necessary, but are never really reviewed.

It’s a wonder there isn’t a life skills course offered in high school which covers real life lessons such as budgeting, tax requirements and filing, resume writing, interview skills and grocery shopping. Continue reading