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What Is A Donor-Advised Fund?

Written by Bloom Investment Counsel, Inc. on December 20, 2021. Posted in Philanthropy. No Comments on What Is A Donor-Advised Fund?

The charitable giving space in Canada is certainly well populated, with over 170,000 charitable and non-profit organizations in 2021 (of which 85,000 are registered with the CRA), contributing an average 8.1% of total national GDP.

With such an abundance of causes, each with their own story and proposed impact, many philanthropically-minded Canadians have explored and implemented Donor-Advised Funds in their wealth plan to achieve their philanthropic goals. What is a Donor-Advised Fund, and what are the benefits of using one? Read this article to learn more.

Capitalizing On Capital Gains

Written by Bloom Investment Counsel, Inc. on December 18, 2021. Posted in Financial Literacy. No Comments on Capitalizing On Capital Gains

Capital gains income is a great income source where your money works for you, and not the other way around. Bloom Investment Counsel, Inc. actively makes the most of capital gains income on behalf of its clients, strategically purchasing equities when prices are relatively low, and (if the opportunity is right and there is no advantageous long term gain in sight), selling high so that clients can profit from the difference.

3 Business Management Tips For First-Time Entrepreneurs

Written by Bloom Investment Counsel, Inc. on December 13, 2021. Posted in Financial Literacy. No Comments on 3 Business Management Tips For First-Time Entrepreneurs

The 2021 IPO market has been an eventful one so far, with startups listed at sky-high valuations. Early investors have reaped large returns, meaning that venture capitalists have had more money to invest in new startups, shattering records for startup funding.

As we look towards 2022, there is still an abundance of up-and-comers amongst whom may be the next unicorn company. If you are in the early stages of entrepreneurship, or if becoming an entrepreneur is your New Year’s resolution, here are 3 business management tips for first-time entrepreneurs that can make all the difference.

What Is A Trust And How Do You Choose The Right Trustee?

Written by Bloom Investment Counsel, Inc. on December 13, 2021. Posted in Wealth Planning. No Comments on What Is A Trust And How Do You Choose The Right Trustee?

Trusts can be useful tools for implementing tax strategies and can provide valuable estate planning benefits. This article discusses what a Canadian trust is and how to choose the right trustee. As always, and due to different legal structures in Quebec, it is recommended that you consult with legal counsel for advice concerning in-depth tax and legal matters.

How To Attain Inactive Income With Dividends

Written by Bloom Investment Counsel, Inc. on December 11, 2021. Posted in Financial Literacy. No Comments on How To Attain Inactive Income With Dividends

Dividend income is a great way to reach the next level on your financial journey. Unlike some other income streams, dividend income is inactive in nature rather than active—after you or your investment manager have conducted research on which stocks are right for you, assuming you have a long-term position, you get to sit back and enjoy the ride! This is one of the pillar reasons Bloom Investment Counsel is so fond of dividend income—we are of the belief that you can attain true financial peace of mind through the inactive nature of this income stream, while still having time to dedicate to your business, your family, and your life.