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Understanding Wills, Executors, Beneficiaries, and Trustees

4:46

Passive Income Clawback: Strategies to Maximize Your Tax Savings and Secure Your Future!

11:38

The Proper way to set up a RRIF

5:14

Navigating Government Regulations: What’s Left for Corporations?

3:29

Important Update: Changes to Capital Gains Rates in 2024 Federal Budget

3:09

Important Update: Changes to Home Office Tax Deductions

0:56

3 Ways to Melt Down Your RRIF: Tax-Saving Strategies You Can’t Ignore!

Looking to reduce taxes on your RRIF and leave more for your loved ones? In this video, we’ll reveal three powerful strategies to melt down your RRIF, cut down on estate taxes, and potentially avoid costly OAS clawbacks. Whether you’re thinking about spending it down, creating tax deductions, or insuring your RRIF, we’ve got you covered with practical insights to make your retirement funds work smarter, not harder.
Don’t miss out on learning how to protect your wealth and maximize your legacy! Watch now to explore the options that could save you thousands.
#RRIF #RetirementPlanning #EstatePlanning #TaxStrategies #FinancialFreedom #OASClawback #InvestingSmart #WealthManagement #TaxSavings #RetirementFunds #RRSP #TaxFreeWithdrawals #FinancialPlanning #MaximizeYourRRIF

มุมมอง: 3 158

วีดีโอ

Understanding Wills, Executors, Beneficiaries, and Trustees

4:46

Understanding Wills, Executors, Beneficiaries, and Trustees

มุมมอง 2852 หลายเดือนก่อน

Are you approaching the milestone age of 71? Navigating the transition from an RRSP to an RRIF can be complex, especially when considering tax implications and family dynamics. Join us as we break down the crucial steps and decisions involved: Annuitant: Learn about the role of the account owner. Successor Annuitant: Understand how to ensure a seamless transition for your spouse or common-law p...

Passive Income Clawback: Strategies to Maximize Your Tax Savings and Secure Your Future!

11:38

Passive Income Clawback: Strategies to Maximize Your Tax Savings and Secure Your Future!

มุมมอง 3732 หลายเดือนก่อน

In this video, we dive deep into the passive income clawback rules and their impact on your corporate and personal finances. Discover how the passive income clawback works, when it might affect you, and essential strategies to mitigate its impact. We'll analyze a real-world case study of Tim, an IT consultant in Canada, comparing the tax implications of earning income personally versus through ...

5:14

The Proper way to set up a RRIF

มุมมอง 4.9K3 หลายเดือนก่อน

Navigating Government Regulations: What’s Left for Corporations?

3:29

Navigating Government Regulations: What’s Left for Corporations?

มุมมอง 2933 หลายเดือนก่อน

Discover how recent changes in corporate taxation impact your business and explore strategic planning opportunities to stay ahead. From the TOSI rules to passive income changes and new capital gains tax laws, learn what you need to know and the strategies that can still benefit your corporation. Watch the full video to stay informed and make the most of the current tax landscape. #CorporateTax ...

Important Update: Changes to Capital Gains Rates in 2024 Federal Budget

3:09

Important Update: Changes to Capital Gains Rates in 2024 Federal Budget

มุมมอง 2664 หลายเดือนก่อน

🚀 Stay informed about the latest changes in the 2024 Federal Budget! 📊 The recent updates on capital gains rates have stirred up discussions, especially with changes kicking in on June 25, 2024. Here's a breakdown: Prior to Budget: Individuals: 50% of capital gains taxed Corporations: 50% taxed, 50% credited to Capital Dividend Account After Budget 2024: Individuals: First $250,000 taxed at 50%...

Important Update: Changes to Home Office Tax Deductions

0:56

Important Update: Changes to Home Office Tax Deductions

มุมมอง 2386 หลายเดือนก่อน

For 2023 tax filing the flat rate method due to COVID for home office is no longer available. This means that if you do work from home you can still deduct the expense through the Detailed Method as long as your employer completes a Declaration of Employment, Form T2200 for you. . www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2200.html . . . . #TaxFiling #HomeOfficeDeductio...

Parent Paid, Child Claimed: Demystifying Tuition Payment and Claiming

0:42

Parent Paid, Child Claimed: Demystifying Tuition Payment and Claiming

มุมมอง 1756 หลายเดือนก่อน

Claiming Tuition. There is a common misunderstanding about transferring the tuition amount to a parent. Even though you may have paid for the tuition, your child must first claim the amount fully against their own income first. If they have an unclaimed amount, your child can either carry it forward or transfer up to $5,000 to a parent. . . . .#TuitionAmount #TaxCredits #EducationExpenses #Pare...

Property Flipping and the Impact on Your Taxes

1:18

Property Flipping and the Impact on Your Taxes

มุมมอง 4636 หลายเดือนก่อน

Effective January 2023, a gain from a disposition of a property, including rentals, that was held for less than 356 days of the year will be considered ‘Business Income’ as opposed to ‘Capital Gain’. Unless the disposition is due to one of the life-qualifying events such as death, childbirth, divorce, disability, involuntary employment termination, etc. However, unfortunately, CRA will not allo...

Is a Power of Attorney (POA) cause for filing a Bare Trust?

0:42

Is a Power of Attorney (POA) cause for filing a Bare Trust?

มุมมอง 1K6 หลายเดือนก่อน

Is a Power of Attorney (POA) cause for filing a Bare Trust? The definition of a POA is a legal document that allows you to ‘act’ on someone’s behalf. It does not allow the POA to access assets for themselves and be the beneficial owners of those assets. If you are a POA over someone’s assets, a Bare Trust filing is not required. . . . #PowerOfAttorney #BareTrust #EstatePlanning #FinancialEmpowe...

Curious about financial planning and how it can benefit you?

2:35

Curious about financial planning and how it can benefit you?

มุมมอง 2696 หลายเดือนก่อน

Join us as we break down the complexities of the process and share why our approach stands out. From innovative strategies to comprehensive solutions, discover how we can help maximize your wealth with no cost or commitment. Tune in to learn more and take control of your financial future today. . #FinancialPlanning #WealthManagement #PersonalFinance #Investing #RetirementPlanning #EstatePlannin...

BARE TRUSTS! Don’t skip reading this one. BIG Penalties!

5:00

BARE TRUSTS! Don’t skip reading this one. BIG Penalties!

มุมมอง 14K7 หลายเดือนก่อน

YOU MAY FALL UNDER NEW TRUST REPORTING RULES! If you fall under the following, you may be required to file a Trust return for 2023: The parent is on the title of a child’s home (without the parent having beneficial ownership) to assist the child in obtaining a mortgage; Parent or grandparent holds an investment or bank account in trust for a child or grandchild; The child is on the title of a p...

7:06

RRSPs? How Much Should I Contribute?

มุมมอง 1.2K8 หลายเดือนก่อน

There are many different reasons why you would buy an RRSP and why not. Reviewing your specific situation and goals are key. Let’s talk about when you should consider an RRSP and when you might not. First, you must know what your financial goals are and second, you must understand your situation. From there the decisions are easy! . . . #SmartSavings 📈 #RRSPLimits 🔄 #TaxSavings 💰 #DeadlineAlert...

2:14

My Account for Individuals

มุมมอง 2938 หลายเดือนก่อน

As part of our commitment to ensuring your financial well-being, we would like to draw your attention to a crucial aspect of managing your tax-related documentation and learn about one of the most under-utilized resources provided by The Canada Revenue Agency (CRA). The CRA My Account is a CRA website that provides a world of information that you should familiarize yourself with and utilize reg...

IMPORTANT UPDATE...RRSP Deadline Fast Approaching!

2:25

IMPORTANT UPDATE...RRSP Deadline Fast Approaching!

มุมมอง 2148 หลายเดือนก่อน

Happy New Year!! It is that time of year again, to ensure we make final arrangements for your 2023 RRSP contributions. RRSP Contributions to be eligible for the 2023 tax year, need to be completed on February 29, 2024. It is important to obtain your full RRSP contribution limit from CRA or on your 2022 Notice of Assessment or Reassessment. IMPORTANT: If you purchased Labour Sponsored Funds (Sas...