The Rob Tetrault Show

Financial Help for Widows | Spouse Pension After Death  Today we're going to focus mostly on the financial aspects and some of the administrative aspects that you should take care of after your spouse passes away. The emotional aspects involved in losing a spouse are something totally different that I think you should take care of, but let's focus on the financial part for today.

How to Retire Early | Early Retirement  How do you determine when you have enough retirement money?  The first thing I would suggest is to make sure you plan ahead and start early. That is the most important thing because it's one thing to have a retirement plan at 65 when you’re retiring in two months, but it's a whole other ball game to start thinking about this when you're 35-50, as time will then be on your side.

Income Splitting  Today we're talking about income splitting – how it impacts you, how you can save money, and how you can dramatically save taxes in your retirement. You’re retired; let’s talk about how you can split your pension when you’re younger than 65.  If you’re lucky enough to retire before you turn 65, the only pension that you can spit is a direct benefit pension (DB).

First, what is the Canadian Pension Plan (CPP)? It's roughly 5% of your salary, up to a maximum of roughly 57-58 grand – however, these numbers may change annually. Old age security (OAS) is a dollar figure that you get when you hit 65. It's based on how many years you've been a resident of Canada regardless of whether you paid into it or not, unless you made too much money in which case the OAS will be clawed back.

You've received that chunk of money; you've sold your business, you've sold your farm, you've inherited money. Or maybe you've just accumulated this $2 million throughout your life and now you need to invest it for income. Regardless, you've now got 2 million bucks, and now you need to convert that to income for your retirement. Let's take a look at how we would structure that.

Good Day folks. I'm Rob Tétrault from robtetrault.com, head of the Tétrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. Pretty excited today who we got here today. Raj Lala. He's CEO, president and founder of Evolve ETFs. Really glad to have him in our office here in Winnipeg. Thanks for coming, we are excited to have you and we're going to talk ETFs today.

The TFSA versus RRSP debate started in 2009 when the TFSA came into existence. Back then, the government allowed a $5,000 annual contribution and allowed you to do that every year. It is also possible to go back every single year for your TFSA contribution. In other words, every year that you’ve been an adult you are accumulating room in your TFSA whether you use it or not.

How should you invest $1 million you’ve just inherited or worked towards? Today we are talking about investing $1 million. Let's take a look at a couple of different case studies.

A REIT is a real estate investment trust. A real estate investment trust is a trust that is organized, and that owns real estate. They own either commercial, residential or industrial. Regardless, they own real estate and its owned through a trust.

Today we’re talking about that super important decision – how and what to do with your pension and how do you transfer it? You’ve retired, you’ve gotten the form and now you’re not sure what to do. Congratulations! You’ve put a lot of years in at the same place. Let’s take a look at what you need to do for that. You’ve got a pension and you’ve received a letter. Let’s take a look at the two different scenarios.

First off, my condolences to you and your family. There are very complicated tax implications that can arise when you inherit property. Let’s discuss inheriting a primary residence, a farm, a cottage or even a rental or commercial property. We’re going to look at all four of those situations and what you need to consider.

Let’s discuss growth stocks versus value stocks and their differences. You might be asking yourself, which one is best for me? Let's start with the difference between the two. Both are stocks and we're talking about common equities; stocks that trade on an exchange. Let's look at the US exchange for the purposes of discussion.

Today we’re discussing the age-old debate, salary vs dividends. What should you do? As a self-employed incorporated person, all of your earnings are generated by your corporation and likely taxed at favorable small business rates. Now the cash you need to pay your personal expenses is stuck inside your corporation, thus leading to how will you pay yourself so you can buy groceries, pay your mortgage and deal with other expenses you may have.

Today we're reviewing the popular RESP, the Registered Education Savings Plan, a fantastic tool that is available to save for the next generation’s post-secondary education needs. It is a really neat tool that the government started several years ago. A truly great program to help save for education costs for your child, a niece/nephew, grandchild or even a family friend.

Today we’re talking about Family Trusts, a wonderful tax planning tool. It used to be a popular strategy for income splitting amongst lower income family members, although recent tax changes have caused substantial changes to this. However, there are still some valid reasons for a Family Trust to be part of your overall corporate structure. We’re going to tell you there are still some tax advantages to them and let’s cover them today.