You started a business from scratch that’s now worth $1.7 million. If you sold today, you’d be able to avoid paying capital gain taxes as both you and your spouse have your $850,000 capital gains exemption room. However, you’re not ready to sell and you’re wondering, “How can I shelter the future gains my business…
Today we’ll be going over what happens when choosing the lump sum payout option from your defined benefit pension plan. As you’re likely aware, a defined benefit pension plan will pay you a monthly income for life, so why choose the lump sum payout option instead? A few common reasons include: Pension sustainability: Will your…
Life insurance is one tool farmers use to help equalize their estate. Below is a comparison of the different costs of buying your life insurance today rather than waiting until you’re older. The scenario You have two children. One would like to farm; the other one isn’t interested. You want to make things fair, but…
Can I actually sell my farmland tax-free? This week I’ve invited Julien Grenier, Accountant and Agricultural Manager at Talbot & Associates to provide us with insight on qualifying for your capital gains exemptions. As a financial planner, I lean heavily on professionals like Julien to provide my clients with proper tax advice. As you can see…
Sometimes withdrawing more is the best strategy. Introducing Daniel Daniel worked hard all his life, so by the time he retired he had accumulated a healthy amount of savings in his RRSP. It’s not because Daniel had an overabundant cashflow. There were years where he had to choose between replacing his TV or contributing to…
For those of you lucky enough to have a defined benefit pension plan, you may have to decide whether to take your pension as guaranteed income or as a lump sum upon retiring. There is no universal answer when deciding between these two options as it mostly depends on your personal circumstances. Just because a…
Cottages often hold a lot of sentimental value to families and are home to a lot of great memories. Many cottage owners would like to see their children and grandchildren get the same joy from the property that they did, even after they are gone. It may seem like a nice sentiment but leaving the…
146
193
331Copyright © by Hemmett Anseeuw & Associates of
Harbourfront Wealth Management Inc.
All Rights Reserved. No portion of this site may be replicated without permission.
Member - Canadian Investor Protection Fund | IIROC AdvisorReport
Disclaimer