January 2021 - Kerr Financial

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Five things to know about claiming home offices expenses on your 2020 tax return

Claiming Home Office Expenses in 2020 In 2020, a number of people worked from home for a part of the year. Some returned back to the office, some ke...

Categories: Accounting Services, Personal Financial Planning Tags: CRA, Detailed Method, Flat Rate Method, home office expenses, home-office, T2200, T2200S, Tax, tax deduction

Q4 – 2020 Quarterly Review

Where do we begin? 2020 will go down in history as a year we will never forget, yet in several ways wish we could. A once-in-a-century pandemic abrupt...

Categories: Kerr Market Summaries Tags: Economic Overview, Emerging Markets, Equity Markets, Fixed Income Markets, Portfolio Positioning, Q4-20 Quarterly Review

How to maximize the benefit of RESPs for your education goals

Top 3 benefits of RESPs and how they can be used to attain your education goals Many parents are thinking of starting a family or already have young c...

Categories: Accounting Services, Investment Management, Personal Financial Planning Tags: Canadian, Education, fee only, Financial Planning, integrated investment, investment strategy, Parents, RESP

How has the COVID pandemic affected Millenials and Gen Zers Finances?

Millenials and Gen Zers Finances during COVID-19 Along with the rest of the population, Millenials and Gen Zers have been coping with the repercussion...

Categories: Accounting Services, Investment Management, Personal Financial Planning Tags: Canadian, fee only, Financial Planning, Gen Zers, integrated investment, investment strategy, millenials

It’s complicated! Selling your US Property

Selling a Property in the US is Complicated Selling real estate in a foreign land is usually subject to income taxes, both in Canada and the host coun...

Categories: Accounting Services, Investment Management, Personal Financial Planning Tags: 1040NR, Canadian, fee only, Financial Planning, integrated investment, investment strategy, multi-manager, retirement, Selling, US Property, Vacation Property