Tax Planning Should Be Part of Your Financial Plan

September 29, 2021

Did you know that almost every financial decision you make could have tax consequences that you may not be aware of?

Life milestones, such as getting married, saving for university, changing jobs, or retiring, all have tax implications that could have a significant impact on your overall finances.

It is important to consider tax planning throughout the year, as opposed to only at tax time.

Being aware of the tax implications of key financial decisions, and integrating tax planning on an ongoing basis, will ensure you make strategic decisions that allow you to keep more of your hard-earned money!

Tax planning throughout the year will help you:

Take full advantage of deductions and credits you may qualify for
Choose tax-efficient accounts and investments
Determine how selling or holding assets could impact your tax bill
Make tax-efficient retirement withdrawals
Determine tax-efficient ways to transfer or gift assets

Financial Planning and Tax Planning go hand in hand

A good Financial Plan will often unveil tax planning opportunities.

Do you have a detailed, written Financial Plan?
When was the last time it was updated?

Remember, anytime your circumstances change, or you find yourself making a financial decision, ask the question – what are the tax implications?

If you have questions or are unsure of the answers, reach out so we can help you stay on the right path!

Contact your Accountant or a Ward & Uptigrove Wealth Management representative today at (519) 291-4803, or by email WealthManagement@w-u.on.ca, to find out more on this or any other topic.

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Southwestern Ontario's Top Employers Award

Southwestern Ontario's Top Employer Award Winner

February 5, 2025

We are th rilled to announce Ward & Uptigrove was selected as a recipient of the Southwestern Ontario's Top Employers Award for 2025. The award is based on the following criteria: 1. Workplace, 2. Work Atmosphere and Social, 3. Health, Financial and Family Benefits, 4. Vacation and Time-Off, 5. Employee Communications, 6. Performance Management, 7. Training and Skills Development, 8. and Community Involvement! Here are some of the reasons why Ward & Uptigrove was selected as one of Southwestern Ontario's Top Employers (2025): Ward & Uptigrove increased its full-time workforce in Canada by over 13 per cent in the past year and lets everyone benefit in the company's success with profit-sharing -- the company also offers generous referral bonuses of up to $5,000 per successful candidate as an incentive for employees to recruit friends Ward & Uptigrove hosts three major social events each year, giving employees the opportunity to unwind and connect with food, beverage and entertainment covered by the firm's partners -- events include a post-tax season party (employees plus a guest), a fall golf tournament, and an annual holiday celebration Ward & Uptigrove matches employee donations in kind, and encourages them to lend a helping hand in the community with a paid day off to volunteer Emily MacRobbie, human resources manager at Ward & Uptigrove, says clients appreciate the close connections and sense of care their small-town environment fosters. “We’re big enough to attract and retain some of the best and brightest minds in the industry, while simultaneously being small enough that staff and clients are known on a more personal level,” says MacRobbie. “Employees really appreciate the flexibility the firm offers, such as work location (in office or hybrid) and hours of work arrangements. We keep a pulse on what’s happening and make sure we remain competitive with things like paid time off and flexible health benefits.” To learn more about career opportunities at Ward & Uptigrove visit www.wardanduptigrove.com/careers