Trusted Tips and Resources

Trusted Tips & Resources

Congratulations Wheatland Fireplace, Kitchen & Bath Celebrating 10 years as Trusted Regina Fireplace, Bathroom & Outdoor Living Stores

CONGRATULATIONS WHEATLAND FIREPLACE, KITCHEN & BATH  - CELEBRATING 10 YEARS OF TRUSTWORTHY BUSINESS PRACTICES 

TRUSTED REGINA RECOGNIZES OUR PARTNERS WHO HAVE BEEN TRUSTED FOR OVER 10 YEARS!


 
In this series of recognition articles, we continue to shine a spotlight on the businesses that have been Trusted Regina Partners for over 10 years. This year we recognize the partners that joined us in 2012. We want to thank them for TRUSTING our team, and we are identifying each of them individually for providing 10 years of OUTSTANDING service to the citizens of Regina and the surrounding area! This latest article celebrates and recognizes Chuck, Mike, Stephen, and the rest of the hard-working team at Wheatland Fireplace, Kitchen & Bath.

Better Living Begins Here


Wheatland Fireplace, Kitchen & Bath


Wheatland is a locally owned family business with showrooms in both Regina and Saskatoon. They have a long history in Saskatchewan and are known for only bringing in the finest fireplace, bathroom, kitchen and outdoor living brands from across North America. When we first met the owner Chuck Le Page, back in 2011, they sold fireplaces, Jacuzzi spas, BBQs & smokers. Since then they moved away from hot tubs ( as they take up a lot of space ) and moved on to offering more amazing fireplaces, stunning Canadian-made bathroom products (show-stopping baths, showers, vanities, and other bathroom furniture, faucets, sinks, fire-pits, fire tablesBBQ's and smokers.
When you walk in you feel the warmth and comfort of their fireplaces and you can browse their stunning products in person.  If you want ANYTHING from any of the brands they carry …they will order it, especially for you! 

Established in 1982, With Humble Beginnings. 

Wheatland began selling Glow Boy wood-burning fireplaces out of a garage, and they had local firemen installing the fireplaces for their customers. After noticing a significant demand for the product they were selling, two years later they decided to expand the business and move the operation to Regina. 

In 1984, Wheatland Fireplace was established and soon became the leading, and now oldest, hearth retailer in Saskatchewan. In 1987 Wheatland opened a store in Saskatoon and both stores have had extensive and ongoing showroom renovations in the last few years to include a large range of bathroom and kitchen products.

Wheatland's founder is Chuck Le Page and his youngest son Mike Le Page ( pictured on the right in the Saskatoon showroom that is currently getting another amazing facelift)  is the Saskatoon store manager,  and he also oversees the Regina operation with the Regina store manager Stephen Moon.


In 2023 they will also be offering yard reno as additional services, everything from decks to pergolas. If you have seen some of their outdoor kitchen set up's we can assure you that you will understand how amazing their backyard transformations can be!!   


BEST PRODUCTS AND OUTSTANDING SERVICE! 


A quick Google will reveal Wheatland's stellar reputation, the customer feedback is consistently excellent and they are always in pursuit of excellence!

What Their Clients Say...


"We went to Wheatland fireplace because our older fireplace was not working well, we thought it needed to be replaced. We were prepared to pay $5,000+ for a new one. He told us we had a very good fireplace, as good as the new ones they make now. With their helpful advice and a few parts, ours is looking good and working perfectly - for $250.00. Thank you for your honesty and great help!" - Adele Ruschkowski


" I just bought my new SABER bbq from here. I am very impressed with the product they sold me. The service was incredible. They delivered it and setup the gas line. They even took my old and rusty bbq away for me. Thank you for the great experience. You have gained a future customer aswell. Cheers!" - Douglas Steadman


"When our clients take the time to share their satisfaction with us it really means everything to our team. We understand that long-lasting relationships are built on trust. Our team is so grateful for the loyalty of our wonderful customers. To provide good customer service, you need to know what you’re selling, inside and out. Our team understands how our product work and what sets them apart. We can answer most questions and we strive to provide 100% customer satisfaction." - Chuck Le Page

A word from Sara, the Trusted Regina founder, about her personal experience with Wheatland Fireplace, Kitchen & Bath.


I first met Chuck Le Page  in Regina in 2011, I had heard about the business and went in to check out the showroom and the products. I was very impressed with what I saw and heard. That day Chuck was in the store and he was gracious enough to give me some time to explain the Trusted Directories concept,  and to share why I thought they were a good fit. He really liked the idea and made the decision to sign up in both markets. Over time, I have been a customer and worked closely with Chuck and his son Mike. We now do additional marketing services for them at Trusted Marketing Services,  and I am proud to promote and support such a wonderful local company and team. I can say hand on heart that if you choose a product from Wheatland they stand behind it and you will not be disappointed. Better living certainly does begin at Wheatland Fireplace, Kitchen & Bath!  - Sara Wheelwright 

Thank you for TRUSTING us Chuck & Mike at Wheatland Fireplace, Kitchen & Bath. You have provided 10 years of AMAZING service to the people of Saskatoon, Regina & area as a Trusted Saskatoon Partner in four categories - Fireplaces, Bathrooms, Kitchens, and Outdoor Living. We are proud to support you and to share that they have diligently upheld the 5 TRUSTED GUARANTEES of service. 


Trusted Regina Financial Advisors at Worby Wealth Management Discuss Wealth Building and Corporations

Chris Worby and Jeremiah Worby are Trusted Regina based financial advisors and Wealth Management services providers. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, Jeremiah shares how corporations are a fantastic tool for building wealth. 


The Wealth Building Toolkit: Corporations 


There are many tools that are useful to build wealth. Virtually everyone has access to account types such as RRSPs and TFSAs. These are accounts which have special tax treatments such that we can reduce our overall taxation while we are alive and accumulating wealth. Pensions and group RRSPs are also useful and often an employer will give additional funds to these plans which is of obvious benefit.


For those of us who are not employees though, we may be able to use another tool - the corporation. If someone is self-employed and legally able to have their corporation take their income, this can be very helpful.


The key to using a corporation efficiently is that the earnings a taxpayer has is not all required. Active income for a small business conducted in Saskatchewan is taxed at a low rate of 11%. If a person’s income level is high enough that they don’t require all of it, leaving income behind in a corporation to invest may be much more efficient than taking it all as income and then investing.


Let’s look at an example:

John needs $95,000/year after tax for lifestyle but earns $250,000/yr gross. If he took all this money, paid tax and then invested the remainder, he’d have approximately $66,760* to invest at the end of the year.

If he were able to and chose to use a corporation, however, he’d take $130,000 gross income from the corp and pays approximately $35,000 in tax leaving $120,000 behind. 11% tax for taxes leaves him with $106,800 for investing.

The difference of using a corporation in this example leaves him with an additional $39,920 or 60% more money to invest to build his wealth.

Clearly, corporations are a fantastic tool for building wealth. The next blog is going to look at strategies to get this money out of the corporation on a tax-advantaged basis.

*all personal tax calculations are estimates based on taxtips.ca tax calculator.


If you have questions about wealth building, contact Worby Wealth Management to get your questions answered and start investing in an RRSP, TFSA or other investment accounts today.


Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!


 

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.  This Blog was written, designed and produced by Jeremiah Worby and Chris Worby for the benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.  Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

Trusted Regina Financial Advisors at Worby Wealth Management Provide Their Year End Financial Checklist

Chris Worby and Jeremiah Worby are Trusted Regina based financial advisors and Wealth Management services providers. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, Jeremiah shares their year end financial checklist.


Year End Financial Checklist

by Jeremiah Worby 


It's near the end of another year. You've probably been busy planning parties, planning pranks, and soon to be attending holiday events, but there's one thing that needs your attention – your personal finances.  It's time to start reviewing how much money you have saved up for retirement and other important costs in life. 


HERE'S HOW 


Do you have any RRSP room left for 2022?

If your RRSP room is $10,000 and you have already contributed $6,000 to an RRSP this year, then that means you have only… hold on give me a minute here – carry the 9… oh yeah,  $4,000 of available room for 2022.

If you don't have any remaining RRSP room for 2022, then no other RRSP contributions can be made before year-end.  That being said, if there are other registered plans (e.g., a TFSA) that you haven't maxed out yet for this year, then it may still be worthwhile contributing what is needed to fill up your existing registered plans so long as doing so doesn't exceed their respective contribution limits.


Are your TFSA contributions up to date?

TFSAs are a great way to save for retirement. Straight from the Canadian government’s website



The TFSA program began in 2009. It is a way for individuals who are 18 years of age or older and who have a valid social insurance number (SIN) to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. "

Unused contribution room from previous years carries forward to future years.  A quick check with your MyCRA account (or office Dwight – he seems to know everything) should let you know exactly how much TFSA room you currently have.



Have you funded your children's RESPs this year?

Whether you have two children or twelve, saving up for their education is a top priority for lots of families.  The biggest benefit of RESPs is that a grant from the Canadian government of up to $7,200 can be earned over the life of the plan.

The money in an RESP can be used for various education costs, not just for tuition.  There is no tax on the investment earnings as long as it remains in the plan.  Contributions are not tax deductible, however withdrawals called educational assistance payments are included in the student’s income.


Do you have enough life insurance coverage in case something happens to you?

Life insurance is an important part of financial planning.  The question is, do you have enough?  Pro tip: $100 Million is probably more than what you need.

You should consider getting life insurance coverage to protect your family from being left with financial burdens if something happens to you.

It's important to know how much coverage you need and what kind of coverage makes sense for your situation.  You can get a free life insurance quote by contacting Worby Wealth Management.


A review of personal finances at the end of the year makes sense

It’s a good idea to review your personal finances at the end of the year. This way, you can ensure that you are on track with your goals and make adjustments as needed.

You should review:

  • Your financial situation – How much debt do you have?  How much money do you have in savings?  What are your investments doing?  If there is anything that needs to be changed or improved, now is the time for it!
  • Your financial goals – What are some things that need improving?  Are there any new goals that could be set for next year?
  • Investments – Is your portfolio set up for long-term growth or short-term gain? Are your investment goals aligned with your time horizon and risk tolerance (e.g., saving for retirement vs. building wealth).  Have any recent market events caused you to rethink this part of your financial plan?  If yes, make sure to contact Worby Wealth Management for a free second opinion. 
  • Insurance coverage –  Does your current insurance cover all important aspects of your life (e.g., health care, disability income, burial expenses) while still being affordable?  What other types of coverage might make sense moving forward as life circumstances change (e.g., term insurance for those years while you’re still carrying a mortgage).

Conclusion

The end of the year is a good time to review your finances and make sure you're on track for the new year.  It's also a great opportunity to look back at the financial decisions you've made over the past 12 months and see if there might be room for improvement.  If so, now is the perfect time to make those changes!


Questions regarding your year end financial checklist? 

If you have questions about your year end financial checklist, then contact Worby Wealth Management to get your questions answered and start investing in an RRSP, TFSA or other investment accounts today.


Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!


 

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.  This Blog was written, designed and produced by Jeremiah Worby and Chris Worby for the benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.  Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

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ADDRESS

S & E Trusted Online Directories Inc
TrustedRegina.com
310 Wall St #209
Saskatoon, SK   S7K 1N7
Ph: 306.244.4150

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