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Aquafinancial Consulting Inc is a professional financial consulting firm offering a wide array of financial services to individuals and businesses around Calgary, Alberta. With a solid leadership and dedicated personnel, our company has been able to stand the test of time in offering cutting edge services to our clients. Award Winning Advisor with over 27 years of financial services experience focusing on financial planning, wealth accumulation and protection for families and business owners. Being an accomplished entrepreneur has enabled me to help business owners and families achieve their financial goals. My international and banking background also uniquely positions my organization to identify strategies that maximize wealth and create tax efficient solutions.

Business Owners

Strategies to help increase your personal cash flow, keep key employees and protect your business.

Insurance

Peace of mind for you and your family. Taking care of what matters most.

Investments

Grow your wealth. Feel confident in your finances.

Estate Planning

Customized strategies for inheritance, wealth transfer and succession to protect your loved ones.

Latest News

Stay Ahead in 2024: A Comprehensive Checklist for Federal Tax Updates

Explore the upcoming 2024 Canadian tax changes affecting investors, business owners, and high-net-worth individuals. From capital gains adjustments to new incentives, stay informed with our comprehensive checklist.

2024 Federal Budget Highlights

On April 16, 2024, Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget. While there are no changes to federal personal or corporate tax rates, the budget introduces: • An increase in the portion of capital gains subject to tax, rising from 50% to 66.67%, starting June 25, 2024. However, individual gains up to $250,000 annually will retain the 50% rate. • The lifetime exemption limit for capital gains has been raised to $1.25 million. Additionally, a new one-third inclusion rate is set for up to $2 million in capital gains for entrepreneurs. • The budget confirms the alternative minimum tax changes planned for January 1, 2024 but lessens their impact on charitable contributions. • This year's budget emphasizes making housing more affordable. It provides incentives for building rental properties specifically designed for long-term tenants. • Introduces new support measures to aid people buying their first homes. • Costs for specific patents and tech equipment and software can now be written off immediately. • Canada carbon rebate for small business

Tax tips to know before filing your 2023 income tax

Unlock the secrets to maximizing your 2023 tax returns with our essential guide. From the new Advanced Canada Workers Benefit to crucial deductions for families, ensure you're not leaving money on the table this tax season.

Alberta’s 2024 Budget Highlights

Alberta's 2024 Budget maintains tax rates for stability. The budget unveils the Alberta is Calling Attraction Bonus and the Electric vehicles tax.

TFSA vs RRSP – 2024

When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. The main difference between the two is that TFSAs are ideal for short-term goals, such as saving for a down payment on a house or a vacation, as its growth is entirely tax-free, while RRSPs are more suitable for long-term goals such as retirement. When comparing deposit differences, TFSAs have a limit of $7,000 for the current year, while RRSPs have a limit of 18% of your pre-tax income from the previous year, with a maximum limit of $31,560. In terms of withdrawals, TFSAs have no conversion requirements and withdrawals are tax-free, while RRSPs must be converted to a Registered Retirement Income Fund (RRIF) at age 71 and withdrawals are taxed as income.

Happy New Year 2024

2024 Financial Calendar

Stay ahead in 2024 with our comprehensive financial calendar! From tax filing to benefit distributions, we guide you through key dates like the $7,000 TFSA contribution and $8,000 First Home Savings Account. Bookmark now for a financially savvy year!

2023 Personal Year-End Tax Tips

Maximize your tax savings! Discover expert tips on investments, family deductions, retirement, and more in our latest article.

2023 Year-End Tax Tips and Strategies for Business Owners

Maximize your tax benefits as a business owner in 2023! Learn key strategies for salary vs. dividends, passive investments, and more.

Investing as a Business Owner 2023

Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation.
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Client Appreciation

Walè knows how to make money work for his clients. Wale is passionate about investing, with his advice I now confidently watch my investments grow.

Walè is my trusted advisor and has never steered me wrong. I haven’t lost money. I’ve consistently made money – steady and conservatively – even during the downturn.