- 48
- 481 197
Easy Retirement With Miro - Harbourfront Wealth
Canada
Приєднався 30 лис 2020
Retirement Planning, Investment, Tax and Estate Planning Canada
Find out about key concepts and strategies that every Canadian should be familiar with if they want to maximize their financial well being.
Miro is one of the principals of Oakwater Wealth Counsel which manages over $650 million in clients’ assets. He believes in quality and treats all client relationships the way he would expect to be treated by a professional. Miro is a corporate presenter and has spoken at over 300 private and corporate events. He has also been featured on several podcasts. Miro specializes in defensive portfolio construction, as well as tax minimization and estate planning. He is a holder of CIM designation, CFP designation and FCSI designation.
You can email Miro at msvoboda@harbourfrontwealth.com or call (236) 521-5708 (Vancouver, BC) and we will be happy to answer any further questions, or schedule a discovery call/meeting.
Find out about key concepts and strategies that every Canadian should be familiar with if they want to maximize their financial well being.
Miro is one of the principals of Oakwater Wealth Counsel which manages over $650 million in clients’ assets. He believes in quality and treats all client relationships the way he would expect to be treated by a professional. Miro is a corporate presenter and has spoken at over 300 private and corporate events. He has also been featured on several podcasts. Miro specializes in defensive portfolio construction, as well as tax minimization and estate planning. He is a holder of CIM designation, CFP designation and FCSI designation.
You can email Miro at msvoboda@harbourfrontwealth.com or call (236) 521-5708 (Vancouver, BC) and we will be happy to answer any further questions, or schedule a discovery call/meeting.
Will My Unused RESP Funds Go to WASTE? What are the tax implications.
Are you worried that your unused RESP funds will go to waste if not used for educational purposes?
Are you unsure the tax implications if you close the RESP down?
In this video, we'll explore what happens to unused RESP funds when they being withdrawn for non-educational purposes and/or closing the account down. We'll cover the rules and regulations surrounding RESP account closures and provide tips on how to minimize taxation.
Whether you're a parent or grandparent, this video is for anyone who wants to ensure their unused RESP funds are withdrawn in the most tax efficient manner. So, what happens to unused RESP funds? Watch to find out!
If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area or booking a discovery call with us to get your plan on track. You can email msvoboda@harbourfrontwealth.com or call (236) 521-5708 (Vancouver, BC) and we will schedule a discovery call / meeting with you.
Are you unsure the tax implications if you close the RESP down?
In this video, we'll explore what happens to unused RESP funds when they being withdrawn for non-educational purposes and/or closing the account down. We'll cover the rules and regulations surrounding RESP account closures and provide tips on how to minimize taxation.
Whether you're a parent or grandparent, this video is for anyone who wants to ensure their unused RESP funds are withdrawn in the most tax efficient manner. So, what happens to unused RESP funds? Watch to find out!
If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area or booking a discovery call with us to get your plan on track. You can email msvoboda@harbourfrontwealth.com or call (236) 521-5708 (Vancouver, BC) and we will schedule a discovery call / meeting with you.
Переглядів: 1 185
Відео
Bare Trusts: What You Need To Know About The New Reporting Rules
Переглядів 1,3 тис.3 місяці тому
Bare Trusts New Draft Legislation Released by the Government. The new legislation, effective August 2024, brings changes to T3 filing requirements. Here are the key highlights: • The legislation confirmed that bare trusts are not required to file a T3 for the 2024 taxation year. In 2025 and subsequent years, some bare trusts may be required to file, with several exceptions listed below. • The n...
Our New Office: A Quick Tour
Переглядів 2603 місяці тому
We have moved to a new suite in the same building as before - the Marine Building; 355 Burrard Street. Our new office is now on the 9th floor: suite 910. Here is link to brief history of the Mariner Building: en.wikipedia.org/wiki/Marine_Building If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area...
Corporate Estate Bond - the number one benefit revealed (Tax Free Wealth)
Переглядів 1,4 тис.7 місяців тому
Find out how to reduce taxable passive investment income in your corporate portfolio and potentially transfer funds out of your corporation tax free. The inclusion rate of taxable capital gains has been increased to 67% on corporate funds starting in June 2024. Capital gain: When you sell, or are considered to have sold, a property (other that your principle residence) or an investment for more...
Why The Capital Gains Tax Increase Matters
Переглядів 1,9 тис.7 місяців тому
The video describes recent increase to inclusion rate of capital gains in Canada. Capital gain: When you sell, or are considered to have sold, a property (other that your principle residence) or an investment for more than you bought it for and expenses incurred to sell, the profit generated is referred to as capital gain. The inclusion rate is the percentage of the profit that is taxable. For ...
Downsizing in Retirement: What You Need to Know
Переглядів 1,9 тис.10 місяців тому
The video describes most common scenarios Canadian retirees are considering when planning for retirement. Consider staying in your principal residence / family home as long as possible to maximize the tax-free capital gain status of your property. According to the CRA rules, when you sell your home or when you are considered to have sold it and you realize a capital gain, if the property was so...
Should you defer your CPP?
Переглядів 2,1 тис.10 місяців тому
CPP retirement pension is a monthly, taxable benefit that replaces part of your income when you retire. CPP retirement pension is for the rest of your life. To qualify you must: - be at least 60 years old (normal retirement age 65) - have made at least one valid contribution to the CPP (through payroll deductions) CPP benefits will not start automatically. You must apply at least 6 months in ad...
Don't Lose 50% Of Your RIF / RSP
Переглядів 2,8 тис.11 місяців тому
Any funds left in RIF / RSP are taxed at the highest personal marginal tax rate. This is on top of any other income received during the year of death when the account holder passes after their spouse or if they are single. For most provinces, the highest marginal tax rate is over 50%, this rate is applicable to income over the low $200,000 (depending of the province). Province Highest Marginal ...
What happens to the CPP / OAS pensions when one of the spouses dies?
Переглядів 36 тис.11 місяців тому
CPP provides several survivor benefits when one of the spouses passes: 1.) Lump sum death benefit up to a maximum of $2,500 2.) Survivors pension: ▪ Age 65 or older: 60% of the contributor's retirement pension (combined with survivor's CPP to an annual CPP maximum) ▪ Below age 65: A flat-rate portion plus 37.5% of the contributor's retirement pension (if the surviving spouse or partner isn't re...
Crucial TFSA Updates: Keep Yourself Informed
Переглядів 3,3 тис.Рік тому
Here are links to the other TFSA videos mentioned: TFSA Successor Holder ua-cam.com/video/0EzrxuPEDMA/v-deo.html Top TFSA Mistakes ua-cam.com/video/P3tOI7GGs0M/v-deo.html The maximum TFSA contribution amount for 2024 has been set at $7,000, reflecting the limit's index to inflation-rounded to the nearest $500. Unused TFSA contribution room can be carried forward and any amounts withdrawn in the...
Avoid An Unpleasant Tax Surprise: Leaving A Lasting Legacy
Переглядів 2,2 тис.Рік тому
Here is the link to the video mentioned: What is your estate liability? ua-cam.com/video/CXkMgT88z_8/v-deo.html When someone passes on all their assets are deemed disposed of & tax owing is payable before the executer of the estate disburses assets to the beneficiaries. Many Canadians can expect to have the highest income in the year of death, therefore a large part of their estate will be taxe...
Spousal Rollover - Correcting Beneficiary Designations, After the Fact (RSP /TFSA)
Переглядів 2,3 тис.Рік тому
There are some potentially significant tax benefits having your spouse designated as a Successor Holder on your TFSA and as a beneficiary on RSP / RIF. If your spouse has not designated a beneficiary at the account level, you could still take an advantage of the tax-free spousal roll over to your RSP / RIF / LIRA (all registered accounts) and also your spouses' TFSA could be rolled over to your...
Private Credit in Your Portfolio: Maximizing Returns
Переглядів 4 тис.Рік тому
Investing in Private Credit (mortgages and private debt) has the potential to provide more predictable returns and to reduce volatility in a portfolio. Private credit securities are secured by over collateralized real estate and generally are not correlated to the public markets (stocks and bonds). You could hold private credit in a portfolio, as a part of an investment strategy or on its own. ...
Inheritance Tax Canada: Understanding Canada's Tax System
Переглядів 18 тис.Рік тому
While there is no inheritance tax to be paid by the beneficiaries of an estate in Canada, that does not mean inheritances are immune from taxation. This is because any amounts due on death are taxed in the deceased's estate. The two main levies charged against an estate are income taxes and probate fees. Income taxes and probate fees are applied before the estate is distributed to the beneficia...
Adding an Adult - Child to Your Property? What are the hidden risks.
Переглядів 5 тис.Рік тому
Find out what are the key risks to consider when adding an adult to the title of your property or portfolio. When adding a joint owner to ownership structure, there is a potential for probate by - pass. Most Canadians have significant deferred estate tax liability (income tax), probate is generally not substantial compared to the estate tax liability. Here is link to find out about Probate Fee ...
RCMP Pension Plan - What You Need to Know
Переглядів 953Рік тому
RCMP Pension Plan - What You Need to Know
RCMP Pension FAQ - Podcast Recording (the Financial Classroom Podcast)
Переглядів 529Рік тому
RCMP Pension FAQ - Podcast Recording (the Financial Classroom Podcast)
OAS clawback: How to keep more of your income
Переглядів 3,4 тис.Рік тому
OAS clawback: How to keep more of your income
Mortgage Investing: Revealing the Benefits
Переглядів 7 тис.Рік тому
Mortgage Investing: Revealing the Benefits
Pension Transfer Value: Get the Basics Here!
Переглядів 5 тис.Рік тому
Pension Transfer Value: Get the Basics Here!
Is your money safe in Canada? (US bank failures)
Переглядів 11 тис.Рік тому
Is your money safe in Canada? (US bank failures)
What happens to your RRSP when you turn 71? The process of moving your RRSP to RRIF when you retire.
Переглядів 22 тис.Рік тому
What happens to your RRSP when you turn 71? The process of moving your RRSP to RRIF when you retire.
Retirement: 30-Year Vacation. Do You Have Enough?
Переглядів 10 тис.Рік тому
Retirement: 30-Year Vacation. Do You Have Enough?
Protect your portfolio! How to position your investments for more predictable returns
Переглядів 40 тис.Рік тому
Protect your portfolio! How to position your investments for more predictable returns
The Top Myths About RRSPs You Need to Know!
Переглядів 6 тис.Рік тому
The Top Myths About RRSPs You Need to Know!
Locked-In Retirement Account (LRSP, LIRA) - Unravelling the Mystery
Переглядів 7 тис.Рік тому
Locked-In Retirement Account (LRSP, LIRA) - Unravelling the Mystery
Joint Ownership and Probate Fees - What You Need to Know
Переглядів 6 тис.Рік тому
Joint Ownership and Probate Fees - What You Need to Know
Retiring abroad? What you need to know about Canadian pensions
Переглядів 88 тис.Рік тому
Retiring abroad? What you need to know about Canadian pensions
3 years to go. Then 10-35. Lol. Thank god. What a disaster of an outfit.
Very timely, less than 2 years before 20 and still under 55😎 I’ve sent my advisor this link. Cheers!
Very useful thank you for doing this.