Blog

5 tax filing tips to save you time and money as you file your 2024 taxes

By Noel D’Souza, CFP®
Director, Communications

Save Time and Money at Tax Time

If the thought of tax season makes you squirm, you’re not alone, but being prepared, filing on time and knowing what you can deduct will help you get the job done with more left over in your pocket.

As usual, this year’s income tax filing deadline is April 30th for most individuals. If you’re self-employed you have until June 15th to file (June 16th this year since the 15th falls on a Sunday), but any amounts owing to Canada Revenue Agency (CRA) are still due by April 30th.

While a couple of months would seem like plenty of time, the natural tendency to put off unpleasant tasks can leave you in a last-minute scramble to find receipts for children’s activities, medical expenses or other deductible expenses. A lot of tax time stress comes from a time crunch that is avoidable.

If you break the process down into manageable chunks, when it comes time to deliver your documents to your accountant or sit down to file from your computer, you will feel calmer and more organized.

Here are 5 tax filing tips to save you time and money:
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Posted in For your information, Small Business, taxes


Navigating Tumultuous Times


The current political climate, both domestic and international, is causing many Canadians to feel stressed and uncertain about their jobs, finances, purchases, travel… broadly speaking, their way of life and prospects for the future. A few of our clients have asked their coaches, “What should we do to deal with what’s going on in the world?” 

To our clients, first of all know that you are working with an experienced financial professional who is on your side and works with your best interests at heart. When we say we’re here to help take the worry out of money, we mean it! Continue reading

Posted in Financial Planning, Money Coaching


5 Investment Strategy Tips for the Soon-To-Be Retired

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada

Investments

It’s not uncommon for folks approaching retirement to think that retirement planning is finally behind them. They’ve put in the years of saving and investing; now it’s time to Google hotels in Santorini, Greece, right? Well, it is… and it isn’t! There are many decisions about your savings and investments that you need to make to ensure that you can kick back and enjoy retirement. Continue reading

Posted in Investing, Money Coaching, Retirement savings


What Does A Money Coaches Canada Client Look Like?
Three Success Stories

By Noel D’Souza, CFP®

There is still a lot of confusion around what a Financial Planner – never mind a Money Coach! – does, what kind of people work with a planner, and how might those clients benefit from the ongoing relationship and advice received.

Years ago, shortly after I started working as a Financial Planner, a neighbour asked me what I did for a living. When he learned I was a Financial Planner, his immediate response was “I wish I had money to invest. When I do, I’ll give you a call.”

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Posted in Money Coaching


Welcoming our newest Money Coach, Jodie Stauffer!

We are thrilled to introduce our newest Money Coach and Financial Planner, Jodie L Stauffer, CFP®, who joined us in December 2024.

Jodie has built her financial knowledge for over 25 years in a variety of professional roles, with experience in mortgages, insurance, and investments, and as a traditional financial advisor.

In addition, her life experience as a businesswoman, a mother of 3 daughters and a wife, and a woman living with ADHD means she truly understands the pressure and stress her clients often face in their daily lives and can help them navigate complex and difficult financial choices.

Jodie is passionate about what she loves, which includes building long-term relationships with her clients so she can help them make the most of their resources to create the life they want.

Welcome aboard Jodie!!

Posted in Financial Planning, Meet Our Money Coaches, Money Coaching


Celebrate the Holidays without Going Broke

At this time of year the topic of getting through the holidays without financial stress invariably comes up. In a recent BMO holiday spending survey, over half (54%) said thinking about holiday spending causes financial anxiety.

After enduring several years of relatively high inflation and interest rates, 79% plan to cut back on spending during the holiday season. On average, survey respondents plan to spend $519 on holiday gifts and $1,991 when you include holiday travel, entertainment, and other expenses, though 21% are not confident they will pay off their holiday bills on time.

Here are 4 tips to help you avoid the post-holiday hangover: Continue reading

Posted in Budgeting and Cash Flow, Relationship to money


The Money Coaches Canada Difference

By Noel D’Souza, CFP®
Director, Communications

In our last post, we made a bold claim: investing in advice-only financial planning may be the best investment you’ll ever make.

As Canada’s leading provider of advice-only financial planning and money coaching, Money Coaches Canada and our associates go above and beyond to help you reach your goals. Every day, we deliver the clarity that comes from comprehensive financial planning and the peace of mind of having a money coach by your side to guide you along your financial journey. Continue reading

Posted in 7 Stages of Financial Well-Being®, Financial Planning, Money Coaching


Advice-Only Financial Planning: The Best Investment You’ll Ever Make

By Noel D’Souza, CFP®
Director, Communications

When someone asks me what I do and I tell them I’m a financial planner, it’s not uncommon to see their guard immediately go up just a little bit. They often assume there’s a sales pitch coming.

This perception of financial “advisors” as salespeople isn’t without some basis in reality. In Canada, the vast majority of financial advice is tied to product sales of one kind or another. This can introduce a conflict of interest and make one wonder: is this advice best for me, or is it best for the advisor?
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Posted in Financial Planning, Money Coaching


Top 5 Money Challenges Faced by Small Business Owners

By Val Kumagai, BES, CFP®, Money Coach and Financial Planner

Portrait Of Couple Running Coffee Shop Behind Counter

Most people who start a business don’t do it for the sole purpose of making money. There are usually much easier ways to earn a living than to build a business.

At the risk of sounding mystical, it’s more often a “soul purpose” that creates the energy behind entrepreneurial success. People who start businesses are passionate about what they do. But here’s the thing: the people who stay in business, the people who thrive and grow, are also practical about what they can and can’t do.

They know that even if they don’t feel comfortable in the world of profits and losses, debts, taxes, budgets and succession planning, learning how to take control of their money and having a financial plan in place will make them more successful – and allow them to continue doing what they love.

Here are the top five money challenges you’ll face as a small business owner: Continue reading

Posted in Money Coaching


Living with Intention: How can we move from Survive to Thrive?

By Jenny Reimer, CIM, CFP®
COO and Director, Financial Planning

One of my favourite parts of my work is helping our clients define their goals. Some goals are common, like buying a home or saving for a child’s education, and others can be more surprising, like taking a year-long sabbatical, starting a new business, or retiring to a different country. Digging into these goals, finding out where they came from and why they’re important, is a daily source of inspiration for me. Continue reading

Posted in 7 Stages of Financial Well-Being®, Financial Planning, Money Coaching