Ciccone McKay Financial Group

The Bank of Canada cut the overnight rate by 25 basis points for the third consecutive meeting, citing concerns over a weakening economy and easing inflation pressures. With inflation measures returning closer to pre-pandemic levels, the BoC signaled the potential for further rate cuts if economic data supports this trend. Despite these cuts, the rate remains high relative to softening growth, with another reduction is expected in October. Click the link to learn more. #cicconemckay #wealthmanagement #financialplanning #bankofcanada #interestrates #economy #inflation #canadianfinance https://lnkd.in/gWvaXWtn

The NDP has withdrawn its support from the supply-and-confidence agreement with the Liberal government, putting Prime Minister Trudeau's minority at risk of a snap election. Click the link to learn more about the political implications that lie ahead. #cicconemckay #wealthmanagement #financialplanning  #canadianpolitics https://lnkd.in/gVVFM2AF

The Canada Revenue Agency recently updated its guidelines on interest deductibility, clarifying the rules around borrowing funds for income-earning investments. This article explores the revised folio, emphasizing how these changes impact taxpayers, particularly those borrowing to invest in assets like common shares. Click the link to learn more about the new guidelines and their impact on investors. https://lnkd.in/eT6hQG8w #cicconemckay #wealthmanagement #vancouver #taxdeductions #interestdeductibility #investmentguidelines #CRAguidelines #financialplanning #investments #taxupdates #canadianinvestors #taxrules #commonshares

In April, the 2024 Federal Budget proposed changes to the capital gains tax rate for individuals and businesses. Interested in understanding how these changes could affect you? This article provides a detailed analysis of the new regulations, explores their potential financial impact, and what they could mean for your retirement planning. #cicconemckay #financialplanning #wealthmanagement #retirementplanning #budget2024 #taxplanning https://lnkd.in/gEpg-6Ap

Grateful for Ciccone McKay Financial Group as one of our hole sponsors!!! Thanks for the fun activity and Aperol spritz!!! 😋

Each year, billions of dollars in assets are passed on after death in Canada through estate transfers. Unfortunately, transferring wealth doesn't always go as planned due to various challenges and shortcomings in the planning process. Without a well-structured and thoughtful plan in place, your wishes may not be carried out as intended, leading to potential disputes or unintended outcomes. Learn more about common mistakes that can occur during wealth transfers and how to avoid them. #cicconemckay #wealthmanagement #estateplanning #wealthtransfer #legacyplanning #financialplanning #inheritance #vancouver https://lnkd.in/gmT5YvE7

Last week, our team had a blast participating in the 2024 Strength in Hope Golf Tournament, hosted by the Kristian Domingo Foundation. We were proud to sponsor a hole and support this incredible nonprofit organization, established by the Domingo family in memory of Kristian Domingo. This foundation is dedicated to creating meaningful opportunities for young individuals, inspiring today’s youth to overcome adversity in pursuit of their dreams through financial assistance, institutional care, and support. We encourage everyone to learn more about Kristian and his inspiring story by visiting https://lnkd.in/gz69KZcV. Here's to finding Strength in Hope and continuing to honour Kristian's legacy! #cicconemckay #financialplanning #wealthmanagement #golf #vancouver #golftournament #kristiandomingofoundation

The Canadian economy is showing signs of strain, with unemployment holding steady but job losses persisting. Economists expect the Bank of Canada to respond by cutting interest rates for a third consecutive time, potentially easing financial pressures but signaling deeper economic concerns ahead. https://lnkd.in/gFz79kwB #cicconemckay #wealthmanagement #privatewealth #vancouver #financialplanning #canadianeconomy #interestrates #bankofcanada #jobmarket #economicoutlook

Are you leaving your job, retiring, self-employed or just don't have a benefits plan at your job? Have a plan, but there isn't enough coverage in a certain area? An Individual Plan might be the solution you need. In our latest article, "A Step-by-Step Guide to Individual Health & Dental Plans," our Vice President, Lindsay Byrka, BA, BEd, CFP®, breaks down the differences between medically underwritten and guaranteed issue plans. She covers key topics like eligibility, costs, and offers practical tips for selecting the best plan tailored to your unique needs. Whether you're freelancing, retiring, or simply seeking better coverage, this guide is a must-read for navigating Individual Health & Dental Plans! Read here: https://lnkd.in/gH9bndp6 #immixgroup #employeebenefits #dentalcoverage #individualplans #benefitsexplained #insurance #healthandwellness #individualhealth #dentalplans #vancouver #vancouverbenefits

I've always believed that a strong company culture is the foundation of any successful team. Recently, both of our offices, Ciccone McKay Financial Group and Immix Group: An Employee Benefits Company, organized a team building painting session as well as a company-wide potluck picnic, and it served as a perfect reminder of why these activities are so crucial. Company culture isn't just about policies and procedures; it's about fostering a sense of community and belonging. When we gather outside the office, share a meal, and enjoy each other's company, we build connections that go beyond our day-to-day tasks. These moments outside the office strengthen our bonds, making us not just colleagues but a cohesive team. I know what you're thinking: "A picnic? Really?" Yes, really. There's something special in the simplicity of sharing a blanket, some sandwiches, and enjoying a fun game. And let’s be honest, it’s the only time we can all pretend we’re still athletes while trying not to pull a muscle, right? On a more serious note, these team-building activities are vital. They remind us that we're more than just our job titles. We're a group of individuals working towards a common goal, and when we take the time to connect on a personal level, we enhance our collaboration, creativity, and overall job satisfaction. And let’s not forget, these are the people who run our business, make our office a thriving environment, and show up every day as the heartbeat of our company. And that being said, I could not be more proud, grateful, and thankful for amazing team we have at Ciccone McKay and the Immix Group. So, let's keep making time for these moments. Whether it's a picnic in the park, a game night, or a team outing, let's remember that a strong company culture starts with the relationships we build. And if a little laughter and a lot of good food come with it, well, that's just the icing on the cake. Here's to many more shared moments and a culture that continues to thrive. Cheers!