Julia Chung, CFP, CLU, FEA, TEP

Spring Plans, June 20, 2019Online

URL: https://springplans.ca/estate-planning/

But, as I’m sure we’ve told you before, planning for your eventual departure is truly one of the most loving and thoughtful things you can do for your family and friends. Estate management is often a lot more difficult than it needs to be, since there are many boxes to check – from taxes, to law, through just trying to end your cell phone contract – and without a roadmap of where all the things are and what you wanted done with them, your people are going to be even more frustrated than the loss of you has already made them.

Spring Plans, April 22, 2019Online

URL: https://springplans.ca/tax-planning/

As Canadians, we may have love-hate relationships with taxes. Or, like many of our cousins to the south, just flat-out hate-hate relationships. Regardless of how we might feel about taxes, they’re a part of our lives. We can choose to ignore them, we can choose to simply tolerate them, or… we can choose to own our approach to taxes and apply (you guessed it!) a design thinking mindset.

Admin Slayer, March 31, 2017Online

URL: https://www.adminslayer.com/posts/2017/3/29/planning-like-a-boss

Planning of any kind - business, financial, personal - actively creates success. The truth is that creating and making use of plans (reviewing, updating) actually improves whatever aspect of your world that you’re working on. It doesn’t have to be boring, and it doesn’t have to be restrictive. A plan is simply a map, not a cage.

Admin Slayer, April 28, 2017Online

URL: https://www.adminslayer.com/posts/disruptive-collaboration

You need teammates who share your values, and value your customers. By working with the right people to disrupt an industry, the industry becomes stronger, more work is created for everyone, customers receive better service and products - and they keep coming back for more.

Admin Slayer, May 31, 2017Online

URL: https://www.adminslayer.com/posts/calm-down

Sometimes, it feels like doing something is better than doing nothing, but the reality is… doing nothing is better than doing something wrong. A little rest, lifting your foot off of that gas pedal, and giving yourself some breathing room can be the most effective bit of work you’ve done in weeks.

Admin Slayer, September 4, 2017Online

URL: https://www.adminslayer.com/posts/use-your-words

Addressing conflict early can minimize the damage, and demonstrate that you’re invested in the relationship, and in doing the hard work of communicating with kindness. Oh, and you don’t need to apologize - especially for doing your job.

Admin Slayer, October 3, 2017Online

URL: https://www.adminslayer.com/posts/sustainable-growth

In the beginning, you could barely get anyone to talk to you. You sent proposals, you tried to make connections, you networked like a demon. Then suddenly....all the chickens came home to roost. How do you capitalize on all of this amazing growth, without going crazy, burning out, disappointing customers, or alienating your team?

Admin Slayer, November 24, 2017Online

URL: https://www.adminslayer.com/posts/your-ideal-customer

In the beginning, when the doors of your business open, your love of your product or service may know no bounds. This thing you’re doing, it is so amazing and so universally necessary, that the whole idea of “niche marketing” is ludicrous. Your ideal customer or client is everyone.

Admin Slayer, December 13, 2017Online

URL: https://www.adminslayer.com/posts/time-blocking

How Much Capacity Does One Human Have? The answer is: It’s different for everyone. Each of us has different skill sets, different time constraints, and different capacity. Knowing our own capacities, our strengths, and our limitations is one of the keys to great success, both personally and professionally.

Admin SlayerOnline

URL: https://www.adminslayer.com/posts/time-blocking

How Much Capacity Does One Human Have? The answer is: It’s different for everyone. Each of us has different skill sets, different time constraints, and different capacity. Knowing our own capacities, our strengths, and our limitations is one of the keys to great success, both personally and professionally.

Admin Slayer, January 4, 2018Online

URL: https://www.adminslayer.com/posts/asshat-leadership

Now that you’re at a place where you lead a team, we want to make sure you don’t become one of those leaders. You know who we mean. The ones that got your behind-the-back eyerolls. The ones you bitched about after work. The ones that drove you to create a business where NO ONE would ever, ever, ever feel the way you felt on that day.

Spring Plans, December 15, 2016Online

URL: https://springplans.ca/principal-residence-exemption-important-changes/

On October 3, 2016, Finance Minister Morneau announced new measures to address the housing market, with the intention of improving fairness and integrity of the tax system as it relates to the principal residence exemption. The changes include new reporting requirements, modifications to the calculation of the tax-free amount for individuals based on a residency requirements, and an extension to the period in which a reassessment may occur.

Spring Plans, December 15, 2016Online

URL: https://springplans.ca/capital-dividend-account-changes/

The March 22, 2016 federal budget has resulted in significant changes to the credit to the capital dividend account arising upon the receipt of life insurance proceeds. While these proposals are not yet final, it is expected they will be enacted before the end of 2016 with certain retroactive effect.

Spring Plans, May 17, 2017Online

URL: https://springplans.ca/life-insurance-investment/

We get asked about this every once in a while. Life Insurance and its salespeople get a bad rap. Some of it is incredibly well-deserved, and some of it is just not. Here’s a breakdown of some life insurance basics that you should understand.

Spring Plans, June 25, 2017Online

URL: https://springplans.ca/summer-planning/

Summer is pretty exciting for most of us here in Canada. No matter which province or territory you live in, the season is often short and spectacular. We save so many things for summer, from barbecues and weddings to vacation days and that book we always wanted to...

Spring Plans, August 21, 2017Online

URL: https://springplans.ca/income-splitting-with-spousal-loans/

Ah, tax strategies. Eyed with hopeful suspicion by the uninitiated, a tax strategy can feel like a fun Spy Vs. Spy game - but that other spy? That’s the government. Many a newly minted spy would consider backing away from anything that might have you facing that...

Spring Plans, September 26, 2017Online

URL: https://springplans.ca/family-cottage/

One of the great joys of summer for many Canadian families is a family cottage, cabin, or camp. No matter what name you may give the place where your clan gets together to enjoy the outdoors and each other, it’s often an important part of who you are, and how your...

Spring PlansOnline

URL: https://springplans.ca/pension/

“I have a pension through my employer,” says Tim*, in a recent call. “But I don’t understand it.” If you’re like Tim, you’re not alone. In Canada, we have many different potential sources for retirement income, with all kinds of different names. Pensions can be...

Spring Plans, November 21, 2017Online

URL: https://springplans.ca/will-estate-planning/

Very few people get excited about estate planning, except for financial planners, and we’re admittedly strange folks. Talking about and planning for the moment of your death is not only dark and creepy but also kind of boring - unless you’re the type who gets super...

Spring Plans, December 14, 2017Online

URL: https://springplans.ca/three-certainties/

At the end of the year, things get undeniably gloomy - particularly on the southern west coast, where we like to brag about our summers and lack of snow, brushing aside any mention of the solid six to eight months of grey skies and relentless rain that can only come...

Spring Plans, January 22, 2018Online

URL: https://springplans.ca/managing-uncertainty/

Oh, January. The calendar New Year starts smack-dab in the middle of winter, and as much as we try to gear up and get excited about this first month, there’s something so exhausting about January. It’s cold. The bills from the holidays are rolling in. We had holidays...

BBC Capital, March 8, 2016Online

URL: http://www.bbc.com/capital/story/20160318-the-surprising-downside-of-a-sunny-retirement

“One of the issues there is when you’re considered a resident of most countries in the world, you have to file taxes there,” said Julia Chung, a financial and estate planner with JYC Financial in Surrey, British Columbia, in Canada. “We have a lot of Canadian residents that are just finding out they’re supposed to file a tax return with the US every year. It’s a huge problem up here.”

Global News, November 13, 2014Online

URL: http://globalnews.ca/news/1669138/would-pricing-items-in-terms-of-hours-worked-change-how-you-shop/

“This can help remind individuals that every dollar they spend is representative of the hard work that they put in to create that dollar,” said financial and estate planning expert Julia Chang. “This can be particularly helpful for those who do a great deal of online shopping, and may be particularly useful for the rising generation of digital natives who rarely use physical money.”

Entrepreneur Mom Now, November 7, 2016Online

URL: http://www.entrepreneurmomnow.com/sales-and-marketing/getting-over-good-enough/

Statistics Canada’s 2007 report on Women in Business found that women view growth to be less important, less likely, and of lower value than men in business. Women indicated that they viewed the personal demands related to growth as negative, and stressful. An overwhelming 84% of women reported that they felt that their businesses had reached a comfortable size, and that they wouldn’t be growing any further.

Advisor.ca, May 26, 2014Online

URL: http://www.advisor.ca/news/industry-news/create-retirement-stability-for-gen-x-152440

Gen Xers who are 20 to 25 years away from retirement are best positioned to take advantage of these policies, says Chung, because they require years of consistent contributions. But clients may find it difficult to make steady payments as years pass and unexpected life events occur, she says.

Global News, November 25, 2014Online

URL: http://globalnews.ca/news/1691331/are-you-saving-enough-for-your-childs-post-secondary-education/

“Many parents are in a very tight cash flow situation in the first few years of a child’s life, as they are often going from two incomes to one income,” said financial planner Julia Chung. “The savings need to be reasonable given the individual situation.”