HGA 3-Minute Update!

An RRSP & your Will: How to keep that money in the family
In general, most people name their spouse as the beneficiary on their Registered Retirement Savings Plan (“RRSP”). Upon death, the RRSP will transfer to the spouse’s RRSP fund and tax is deferred.

What if you also have other assets such as non-registered investments that have dropped in value and represent an unrealized capital loss?

It is important for individuals to review their Wills regularly for potential opportunities to save tax and keep things simple for your loved ones.

Read more on our on website

Protecting yourself from Identity Fraud
Identity fraud schemes continue to grow in quantity & complexity. Here are some tips to stay safe:
1. Don't accept or send any e-transfers without confirming all relevant details
2. Shred! Be sure to shred all personal documents when finished with them.
3. Check your accounts for fraudulent or suspicious charges.

If you are questioning whether a communication from CRA is fraudulent, don't hesitate to contact your HGA advisor.
For more fraud protection advice, click here.

Manage your expanding business
Here are some ways to effectively manage that fast-paced growth:

1.  Define your growth objectives:  Be strategic about your growth!
2.  Do a growth diagnosis of your company: Analyze how you manage your company and how to gain more control over the aspects of your business that affect your cash flow.
3.  Ensure your growth is sustainable:  Be certain that your company is not undergoing seasonal or one-time-only growth.
4. Prepare a growth strategy: This will enable you to understand the risks and opportunities for your company.

Read more on the BDC website.

HGA Client Spotlight: Revive Hair Loft

This months client spotlight is the team at Revive Hair Loft.

This South Edmonton salon is made up of a talented group of stylists, each bringing something a bit different to our clients. The are equipped with the knowledge, ongoing education, and years of experience to give you exactly what you’re looking for. Take a look at their services at the link below.

Visit their website!

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