Devereaux Financial. Since 1985.

Life is so interesting. For the past 10 years or so my practice has been focusing primarily on the investment business and it has been great. Land development in Canada and the USA, solar projects and even 2 Hilton Hotel deals to mention a few. Good stuff!
What's interesting is that this summer I've had a number of clients calling and needing advise about estate planning, life and critical illness insurance. Some of them are more concerned about taking care of their family or... in many cases their spouse as kids are grown now but maybe the assets aren't enough to take care of Mom for the next 20 years?? They are also concerned about having insurance in the event that they get critically ill or have to protect their estate from the tax man.
The bottom line is that people care and they want to protect their family from unforeseen hardships in the event that the RRSP's, TFSA's and savings won't do it. I get that.
Please call me if this message means something to you or your loved ones. There's always a solution to the problem. After 33 years in the business I know I can help.
Peace of mind and a good night's rest is invaluable!
Glenn
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Many of you know that Wendy spend 6 months of the year in Phoenix as many of my clients do. One important issue for snowbirds is to complete a 8840 - Closer Connection Exemption Statement for Aliens. Please read the post below if this applies to you. Feel free to pass this on to any snowbird friends or family. VERY IMPORTANT.
Canadian residents who winter in the U.S. are technically subject to U.S. income tax if they exceed a specific number of days (based on a calculation on... the form 8840) in the U.S. in any one year.
To avoid U.S. taxation, IRS form 8840 (Closer Connection Exemption Statement for Aliens) needs to be filed annually with the U.S. Internal Revenue Service.
The form, in essence, acknowledges that you met or exceeded the "substantial presence test" BUT are not going to be filing a U.S. income tax return due to the fact that you maintain "a closer connection" to a foreign country, such as Canada, where you will be paying annual income tax.
You will be considered to have a "closer connection" with a country other than the U.S. based on the location of:
Your permanent home. Your family. Your personal belongings, such as cars, furniture, clothing, and jewellery. Your current social, political, cultural, or religious affiliations. Your business activities (other than those that constitute your tax home). The jurisdiction in which you hold a driver's licence. The jurisdiction in which you vote.
It does not matter whether your permanent home is a house, an apartment, or a furnished room. It also does not matter whether you rent or own it. It is important, however, that your home is available at all times, continuously, and not solely for short stays.
Canadians should pro-actively complete and file a new 8840 form each year with the U.S. Internal Revenue Service. This is a positive acknowledgment that you are entering the U.S. each year as a "temporary visitor for pleasure" and are complying with U.S. tax laws. A photocopy of each year's completed form should also be carried, when crossing the border into the U.S. the following year, to indicate that you are entering the U.S. as a temporary visitor from Canada.
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Why work with a CFP or Certified Financial Planner?
Financial planning is not regulated in most Canadian provinces, anyone can call themselves a "financial planner" but not everyone who refers to themselves as a planner is indeed qualified.
Certified Financial Planner (CFP® ), Certification is the industry gold standard in financial planning. CFP professionals are the largest identifiable body of licensed financial planners in Canada with over 17,500 individuals meeting the... strict standards to attain this designation.
CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice as set and enforced in Canada by FPSC.
These Standards include:
» Completion of a thorough education in financial planning.
» Successful completion of a rigorous standardized national examination
» Financial planning-related work experience.
» An ethical commitment to putting the client's interest first.
» CFP professionals are also held to ongoing rigorous standards through FPSC's.
» Continuing education requirements and enforcement processes.

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Tennis is a big part of our life. Wendy and I both won in last years Fall Classic

Angus came into my office today to help with paperwork. He was DOG tired at the end of the day.

Summer time fun at the Red Deer Airport!

Why work with a CFP or Certified Financial Planner?
Financial planning is not regulated in most Canadian provinces, anyone can call themselves a "financial planner" but not everyone who refers to themselves as a planner is indeed qualified.
Certified Financial Planner (CFP® ), Certification is the industry gold standard in financial planning. CFP professionals are the largest identifiable body of licensed financial planners in Canada with over 17,500 individuals meeting the... strict standards to attain this designation.
CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice as set and enforced in Canada by FPSC.
These Standards include:
» Completion of a thorough education in financial planning.
» Successful completion of a rigorous standardized national examination
» Financial planning-related work experience.
» An ethical commitment to putting the client's interest first.
» CFP professionals are also held to ongoing rigorous standards through FPSC's.
» Continuing education requirements and enforcement processes.

See More