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Credit Unions focus on members’ financial well-being

Average Canadian household owes $1.63 for every dollar in disposable income earned Sixty per cent of Canadians state that their current level of debt does not allow them to save as much as they would like, with 31 per cent of Canadians unable to save any money at all, a recent study by a group ... Read More »

Sechelt eliminates Sewer Parcel Tax, approves refunds for some West Sechelt properties

Residential properties in sewer service areas A14 to A17 (west of Sunshine Coast Highway, and properties abutting the highway on the east between Wakefield Road and the Redrooffs Road District boundary), will no longer be required to pay a $115 sewer parcel tax. Refunds will be issued for over 70 properties for taxes paid between ... Read More »

Tax increases to help fund infrastructure

  After many months of budget deliberations and a number of public meetings, I have news to share with you about what we collectively are facing. ‘Collectively’ is the key word: this is not Council’s budget, it is the Community’s budget – we are all in this together.  Our focus during budget deliberations has been ... Read More »

New tax credit supports search and rescue volunteers

In the 2014 tax year, a new search and rescue volunteers tax credit announced in the latest budget known as Economic Action Plan (EAP) 2014 will provide up to $450 in tax savings for individuals who perform at least 200 hours of eligible service during the year. The new tax credit follows the model of ... Read More »

Life events can change tax situation

Are you a single parent with a child who turned 18 last year? Did you get married? Have a child? Are you caring for an elderly parent? If you answered yes to any of these questions, be sure to consult your tax professional about how your tax situation has changed. Or, if you are a ... Read More »

Homework needed when deciding when – or if – to refinance

With lenders advertising that ‘now’ is the time for refinancing a mortgage to reduce monthly payments or free up equity for home improvements or other necessities, homeowners may want to consider a number of facts before making their decisions. Lower interest rates often motivate homeowners to refinance, as a lower interest rate can save homeowners ... Read More »

Free tax strategies workshop for families living with dementia

Caregivers and people with dementia may qualify for additional tax credits that can save them money. They can find out how to claim the credits, and get other income tax tips, through a free tele-workshop offered by the non-profit Alzheimer Society of BC. Certified financial planner Catherine Laird will lead the two-hour session, entitled Understanding ... Read More »

Catch up on retirement savings

A 2013 survey from Fidelity Investments revealed the average baby boomer is on track to reach just 81 per cent of their retirement income needs for food, shelter and medical care. The survey asked more than 2,000 participants a range of questions on topics, including their health, retirement and saving habits, and found that just ... Read More »

Never too soon to prepare for tax time

Tax season is a few months away, but it’s never too soon to begin preparations for filing income taxes. Some people prefer to toast the new year and then arrange appointments with their accountants, while others use the new year as an opportunity to get organized and start compiling paperwork and tax questions. Preparing for ... Read More »

Did you say structural deficit?

Recently, Council and Staff completed the 2013 budget. The average homeowner will see the District of Sechelt portion of their taxes increase by about $17 this year.   In addition, there will be cost of living increases in fees for sewer services and garbage collection of $7 and $10 per year, respectively. During our budget ... Read More »

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