Financial Fixings with Marie-Pierre Castonguay, CGA - Where Did My Pay Cheque Go?
Before the invention of credit and debit cards, everyone would go to the bank to deposit their pay cheques, and withdraw cash to cover their expenses. When the cash ran out, the spending stopped.
Thinking about starting a business or expanding your current one? Consider writing a Business Plan! It will help you determine if your business idea is viable. It explains what your idea and goals are and how you are going to achieve them. It does take some time to prepare it but is well worth it.
Fernie Fly Fishing, 2131 Highway 3, 250-423-6515
A new fly fish guiding and outfitting business has just opened its doors in Fernie but while the business may be new, this fly fishing outfitter has an abundance of expertise and experience. Internationally recognized and local guides who know these waters like the back of their hand make up the Fernie Fly Fishing team.
Fernie Brewing Co. 26 Manitou Road, 250-423-7797
If you’ve been to a liquor store in BC or Alberta you’ve probably noticed Fernie Brewing Company’s newest additions! With a new bottling line, FBC is excited to now offer What the Huck – Huckleberry Wheat and Ol’ Willy Wit – Belgian White Ale in their 650ml bottles. With all five of their products available on tap, but only the original three available off the shelves, it was time to move their two summer favorites to centre stage.
The Tax Season or Time has been over for a month now. While the experience is still fresh in our minds and we are only five months into 2010, I thought it would be a good time to give you a few tips for the next one.
Have a “special” folder for all the receipts that can be used towards a tax credit. This comment is aimed at the younger readers since I am sure most of you have one these already. In this folder put the receipts that relate to the following:
The international financial crisis that emerged in June 2008 is largely over. There are early signs of a global economic recovery and confidence in financial institutions is returning. The market value of many risky assets is rising as investor confidence builds. The global economy is forecast to continue recovering, although high levels of government and household debt in most mature economies will subdue the rate of growth.
Usually, business owners begin their businesses as sole proprietors or partnerships. Then, after a few years of being in business they ask themselves whether or not they should incorporate.
Flirty Urge, 250-423-6496
Recently new to Fernie, the band Flirty Urge is ready to take on the entertainment scene. Over the years they have played in several different bands and Mike (lead guitar) spent years traveling professionally showing off his Malmsteen fingers. Mona (singer) has spent years training vocally as an understudy for her professor at UNBC and studying classical and contemporary vocal styles, which she intends to teach in her vocal studio this September.
We have been asked quite a few questions about Tax-Free Savings Account (TFSA) at the office lately and I thought it would be a good topic for this month’s column.
A TFSA is a registered savings plan, which allows any Canadian resident of 18 years of age or older to earn investment income that is tax-free. The contribution limit is of $5,000 per year and you can withdraw your funds at any time. To take advantage of the flexibility of withdrawals, you should consider investing your savings in a combination of investment such as high interest savings account, GICs and mutual funds.