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Entries by Pro Active Financial Services Ltd.

What You Need to Know About RRIFs

October 1, 2025/in 2025, blog, Investment, pension plan, Retirees, Retirement/by Pro Active Financial Services Ltd.

RRIFs come with required annual withdrawals that increase over time. Learn how much you must take out, how it’s taxed, and how to make the most of your retirement income.

Corporate Life Insurance Planning

September 4, 2025/in blog, business owners, Insurance, life insurance, Professional Corporations/by Pro Active Financial Services Ltd.

Corporate-owned life insurance helps business owners protect their company, manage taxes, and plan for retirement or succession. This article explores how it can fund buy-sell agreements, cover capital gains tax, reward key executives, and support business continuity—all while building tax-advantaged value inside the corporation.

Supporting Your Aging Parents Without Sacrificing Your Own Stability

August 5, 2025/in blog, Estate Planning, Retirees, Retirement/by Pro Active Financial Services Ltd.

As your parents age, stepping in to help can feel overwhelming. This guide walks you through how to talk about money, gather important documents, secure legal authority, and create a flexible support plan. Learn how to manage caregiving without compromising your own financial well-being.

OAS Clawback 2025: What Retirees Need to Know About the Recovery Tax

July 4, 2025/in 2025, blog, Investment, pension plan, Retirees, Retirement/by Pro Active Financial Services Ltd.

The OAS recovery tax in 2025 is based on Line 23400 income and can quietly claw back your benefit. Learn how the clawback works, how much you could receive, and what strategies can help reduce or avoid it—like pension splitting, using a TFSA, managing RRIF withdrawals, and tax-efficient investing.

Personal Life Insurance Planning

June 2, 2025/in blog, life insurance/by Pro Active Financial Services Ltd.

Wondering which type of life insurance is right for you? This article breaks down what each option covers, how it works, and what it’s commonly used for—so you can feel confident protecting your family’s future.

2025 British Columbia Tax Rates

May 1, 2025/in 2025, blog, tax/by Pro Active Financial Services Ltd.

2025 BC Tax Rates – Get the latest provincial and federal tax rates, including marginal rates, capital gains, and dividends. Stay informed and plan ahead!

Tax Tips for Filing Your 2024 Income Tax Return

March 31, 2025/in 2025, blog, financial advice, incorporated professionals, Individuals, Investment, pension plan, personal finances, Professionals, tax/by Pro Active Financial Services Ltd.

Get ahead of tax season! Discover what’s new for 2024—from increased CPP contributions and Home Buyers’ Plan changes to key deductions and credits. Maximize your refund and avoid costly mistakes.

Bank of Canada Announces Interest Rate Cut Amid Economic Uncertainty

March 12, 2025/in 2025, blog, Government Budget, Investment, tax/by Pro Active Financial Services Ltd.

The Bank of Canada has cut interest rates to 2.75%, reflecting ongoing economic challenges and trade uncertainties.
Market volatility is normal, but staying disciplined and diversified helps manage risk over the long term.
If you have questions or concerns, please reach out—we’re here to help.
#BankOfCanada #InterestRates #MarketVolatility #FinancialWellbeing

2025 Canadian Controlled Private Corporation Tax Rates

March 5, 2025/in 2025, blog, tax/by Pro Active Financial Services Ltd.

Stay updated on 2024-2025 Canadian corporate tax rates for CCPCs. Small business rates start at 9%, active business varies, and investment income is 38.7%.

2025 Canada Money Facts

March 3, 2025/in 2025, blog, tax/by Pro Active Financial Services Ltd.

2025 Canada Money Facts – Get the latest TFSA, RRSP, FHSA, CPP, OAS, and RESP limits. Stay informed on savings, pensions, and benefits for the year ahead!