In this webinar, Nicola Wealth CEO, John Nicola will address timely taxation topics to help you understand the developments in Canadian tax policy in relation to the taxation of homes, wealth, capital gains, and marginal tax rates. John will further prepare you to navigate the current tax environment by reviewing several tax planning options available to you and how these strategies integrate with overall portfolio design.
Nicola Wealth Presents Share the Pie: The Art of Building a Winning CultureNicola Wealth
John Nicola, Chairman and CEO of Nicola Wealth, joined Vanessa Flockton, Senior Vice President Advisory Services at Nicola Wealth to explain the art of building a winning company culture through the Share the Pie business model.
Nicola Wealth Specialty Series: The Business Owner's Path to TransitionCharis Whitbourne
An interactive half-day workshop designed specifically for business owners, their business partners, and their close advisors. This workshop focuses on the challenges and solutions faced during the business transition; whether you are preparing to sell your company or pass it to the next generation.
Featuring a panel of seasoned experts, we review a real-world business transition scenario, providing valuable discussion and insight around the complexities of transitions.
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
2017 TORONTO Fall Event - Proposed Tax Reform: What You Need to Know (October...Nicola Wealth Management
On October 1, 2017, NWM hosted a group of clients at the Four Seasons Hotel Toronto to discuss Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
Nicola Wealth Presents Share the Pie: The Art of Building a Winning CultureNicola Wealth
John Nicola, Chairman and CEO of Nicola Wealth, joined Vanessa Flockton, Senior Vice President Advisory Services at Nicola Wealth to explain the art of building a winning company culture through the Share the Pie business model.
Nicola Wealth Specialty Series: The Business Owner's Path to TransitionCharis Whitbourne
An interactive half-day workshop designed specifically for business owners, their business partners, and their close advisors. This workshop focuses on the challenges and solutions faced during the business transition; whether you are preparing to sell your company or pass it to the next generation.
Featuring a panel of seasoned experts, we review a real-world business transition scenario, providing valuable discussion and insight around the complexities of transitions.
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
2017 TORONTO Fall Event - Proposed Tax Reform: What You Need to Know (October...Nicola Wealth Management
On October 1, 2017, NWM hosted a group of clients at the Four Seasons Hotel Toronto to discuss Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
On October 5, 2017, NWM hosted a group of over 500 people at the Fairmont Hotel Vancouver to discuss the Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
Tax reform proposals and the ongoing conversations around comprehensive tax reform have made individual tax planning for 2017 more complicated. In the absence of a clarity or certainty around tax changes, it is best to plan for the deductions, credits and other tax opportunities that are available now.
Nicola Wealth Management - Proposed Tax Reform 2017: What Accountants Need to...Nicola Wealth Management
On September 28th, Nicola Wealth Management hosted over 120 accountants for a presentation on the Canadian government's proposed tax changes for incorporated individuals and small businesses.
The election is over - now what? We recently held free tax planning and preparation seminars discussing the tax consequences of the 2012 election.
The seminar featured Steven Hartstein, CPA, JD - Partner, and Jenna Staton, EA - Manager, and covered several topics including:
•Year end tax planning for individuals and businesses
•Year end tax planning using the estate and gift tax laws for 2012
•2013 tax law if no changes are made
•What the future holds based upon post-election Congress
If you have questions, please feel free to contact our Tax Planning & Preparation Group at 440-449-6800.
GROWING AND PRESERVING ASSETS THROUGH TAX AND ESTATE PLANNING - Tina Davis, C...IFG Network marcus evans
Presentation by Tina Davis Milligan, CPA, Managing Director, Family Office Services, CTC | myCFO - Speaker at the IFG Wealth Management Forum Oct 2015 at the Trump Doral in FL
Tax Efficient Investment Planning for (UK) Business OwnersBizSmart Select
Simon Baldwin, a leading authority in Tax Efficient Investment Planning for business owners and a Certified Financial Planner, whose advice is guaranteed by FTSE 100 Company. In this Deck Simon looks at Tax Efficient Investment Planning
This powerpoint training is the slides from the webinar I did on the taxing of social security and is placed on our training site.
If you want more training on annuities, selling or building your book of business visit us at www.7figuresalestools.com
Tax Cuts and Jobs Act: Individual Tax Planning InsightRea & Associates
The new Tax Cuts and Jobs Act managed to pack in a lot of changes for individual filers, many of which have left more than a few of us scratching our heads. This webinar will dive into the provisions that will have the most impact on individual tax strategy, including changes associates with trusts and estates. Cindy Kula, CPA, PFS, CFP, and Inez Bowie, CPA, CSEP, have already spent countless hours combing through the legislation and additional guidance so you don’t have to. Join us for this session to find out what they found.
The changing environment for retirement incomenetwealthInvest
This presentation aims to give you a better understanding of the challenges, opportunities and strategies for your (financial advice) clients presented by the following legislated and proposed change.
Super Caps are coming soon, great investment alternatives are already here. Sarah McGavin
View our presentation on how an investment bond can help you grow your clients’ wealth and be a complement to superannuation, presented by National Strategy Manager, Greg Bird.
David John, Senior Senior Strategic Policy Adviser at AARP’s Public Policy In...ILC- UK
In July 2015, the Government began a consultation on changing how the UK incentivises private pension saving, and the Chancellor is expected to respond to this consultation in the Government’s annual Budget in March 2016.
The Future of Private Pension Saving, kindly supported by Age UK, brought together Parliamentarians, business, academics and industry experts to discuss how best the UK Government can incentivise private pension saving.
The debate was opened by initial remarks from Angela Rayner MP (Shadow Pensions Minister), Jackie Wells (Head of Policy and Research, Pensions and Lifetime Savings Association), Sarah Luheshi (Deputy Director, Pensions Policy Institute), and Yvonne Braun (Director, Long-Term Savings Policy, Association of British Insurers).
On Wednesday 27th January, David John, Senior Strategic Policy Adviser at AARP’s Public Policy Institute, and Deputy Director of the Retirement Security Project at the Brookings institute delivered a presentation on tax incentives for pension saving in the US context at an informal reception hosted by Age UK.
Discussions from this event contributed to a formal representation to the HM Treasury regarding Government policy on pensions tax relief and private pension saving.
On October 5, 2017, NWM hosted a group of over 500 people at the Fairmont Hotel Vancouver to discuss the Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
Tax reform proposals and the ongoing conversations around comprehensive tax reform have made individual tax planning for 2017 more complicated. In the absence of a clarity or certainty around tax changes, it is best to plan for the deductions, credits and other tax opportunities that are available now.
Nicola Wealth Management - Proposed Tax Reform 2017: What Accountants Need to...Nicola Wealth Management
On September 28th, Nicola Wealth Management hosted over 120 accountants for a presentation on the Canadian government's proposed tax changes for incorporated individuals and small businesses.
The election is over - now what? We recently held free tax planning and preparation seminars discussing the tax consequences of the 2012 election.
The seminar featured Steven Hartstein, CPA, JD - Partner, and Jenna Staton, EA - Manager, and covered several topics including:
•Year end tax planning for individuals and businesses
•Year end tax planning using the estate and gift tax laws for 2012
•2013 tax law if no changes are made
•What the future holds based upon post-election Congress
If you have questions, please feel free to contact our Tax Planning & Preparation Group at 440-449-6800.
GROWING AND PRESERVING ASSETS THROUGH TAX AND ESTATE PLANNING - Tina Davis, C...IFG Network marcus evans
Presentation by Tina Davis Milligan, CPA, Managing Director, Family Office Services, CTC | myCFO - Speaker at the IFG Wealth Management Forum Oct 2015 at the Trump Doral in FL
Tax Efficient Investment Planning for (UK) Business OwnersBizSmart Select
Simon Baldwin, a leading authority in Tax Efficient Investment Planning for business owners and a Certified Financial Planner, whose advice is guaranteed by FTSE 100 Company. In this Deck Simon looks at Tax Efficient Investment Planning
This powerpoint training is the slides from the webinar I did on the taxing of social security and is placed on our training site.
If you want more training on annuities, selling or building your book of business visit us at www.7figuresalestools.com
Tax Cuts and Jobs Act: Individual Tax Planning InsightRea & Associates
The new Tax Cuts and Jobs Act managed to pack in a lot of changes for individual filers, many of which have left more than a few of us scratching our heads. This webinar will dive into the provisions that will have the most impact on individual tax strategy, including changes associates with trusts and estates. Cindy Kula, CPA, PFS, CFP, and Inez Bowie, CPA, CSEP, have already spent countless hours combing through the legislation and additional guidance so you don’t have to. Join us for this session to find out what they found.
The changing environment for retirement incomenetwealthInvest
This presentation aims to give you a better understanding of the challenges, opportunities and strategies for your (financial advice) clients presented by the following legislated and proposed change.
Super Caps are coming soon, great investment alternatives are already here. Sarah McGavin
View our presentation on how an investment bond can help you grow your clients’ wealth and be a complement to superannuation, presented by National Strategy Manager, Greg Bird.
David John, Senior Senior Strategic Policy Adviser at AARP’s Public Policy In...ILC- UK
In July 2015, the Government began a consultation on changing how the UK incentivises private pension saving, and the Chancellor is expected to respond to this consultation in the Government’s annual Budget in March 2016.
The Future of Private Pension Saving, kindly supported by Age UK, brought together Parliamentarians, business, academics and industry experts to discuss how best the UK Government can incentivise private pension saving.
The debate was opened by initial remarks from Angela Rayner MP (Shadow Pensions Minister), Jackie Wells (Head of Policy and Research, Pensions and Lifetime Savings Association), Sarah Luheshi (Deputy Director, Pensions Policy Institute), and Yvonne Braun (Director, Long-Term Savings Policy, Association of British Insurers).
On Wednesday 27th January, David John, Senior Strategic Policy Adviser at AARP’s Public Policy Institute, and Deputy Director of the Retirement Security Project at the Brookings institute delivered a presentation on tax incentives for pension saving in the US context at an informal reception hosted by Age UK.
Discussions from this event contributed to a formal representation to the HM Treasury regarding Government policy on pensions tax relief and private pension saving.
High Net Worth Webinar Series - Tax Planning and Update for 2022Citrin Cooperman
As 2021 comes to an end, business owners and individuals are seeking opportunities to maximize their savings through year-end tax planning. This webinar session will help you navigate the many complexities, obstacles, and impending tax landscape changes that the 2021 tax year brings to the table and what 2022 has in store.
2016 Federal Budget - Strategies for financial advisersnetwealthInvest
Following the announcement of the 2016 Federal Budget, netwealth's Technical Services team analysed the proposed legislative changes and developed some possible strategies for financial advisers to use with their clients.
Similar to Canadian Tax Insights: How High Net Worth Investors Should Navigate Today’s Taxation Environment (20)
2022 was generally turbulent for investors, especially those with a traditional stocks and bonds portfolio, who were hit particularly hard by the year’s headwinds. With inflation, Russia’s war with Ukraine, aggressive central bank tightening, and China’s lockdowns driving volatility, global economies have been grappling with rapid adjustments in interest rates, sentiment and valuations. However, while fears of recession loom, there may be some silver linings ahead for agile investors.
The Nicola Wealth Strategic Outlook 2023, which was hosted by President | Client Relationship Manager, David Sung, featured presentations by Chairman & CEO John Nicola, CIO Rob Edel, CFO & Head of Private Capital Bijal Patel, and Managing Director, Real Estate Mark Hannah. Each professional shared their perspectives on the trends that are shaping the investing environment, and how these developments may impact investors and asset classes over the coming year.
2022 was generally turbulent for investors, especially those with a traditional stocks and bonds portfolio, who were hit particularly hard by the year’s headwinds. With inflation, Russia’s war with Ukraine, aggressive central bank tightening, and China’s lockdowns driving volatility, global economies have been grappling with rapid adjustments in interest rates, sentiment and valuations. However, while fears of recession loom, there may be some silver linings ahead for agile investors.
The Nicola Wealth Strategic Outlook 2023, which was hosted by President | Client Relationship Manager, David Sung, featured presentations by Chairman & CEO John Nicola, CIO Rob Edel, CFO & Head of Private Capital Bijal Patel, and Managing Director, Real Estate Mark Hannah. Each professional shared their perspectives on the trends that are shaping the investing environment, and how these developments may impact investors and asset classes over the coming year.
The Family Business Life Cycle: Creating & Distributing WealthNicola Wealth
Wealth can be created at each stage of the life cycle of the family business. The foundation established early on will create a harvest at a later time. Many families experience turbulence when transitioning their businesses (and wealth) to the next generation. It needn’t be so. Being proactive in your approach to this critical subject can successfully prepare the recipients of your wealth and ensure the continuity of your business, and your legacy. We know what issues typically arise at each step along the journey—the key for clients is to anticipate and prepare for them throughout the various stages.
The Nicola Wealth Strategic Outlook, hosted by President David Sung, featured presentations by John Nicola, Chairman & CEO, and Rob Edel, Chief Investment Officer, Bijal Patel, CFO and Head of Private Capital, and Mark Hannah, Managing Director, Nicola Wealth Real Estate. Our speakers each weighed in on the issues influencing today’s investing environment and how they impact their respective asset classes.
Nicola Wealth Real Estate: 2021 Year-End UpdateNicola Wealth
The Nicola Wealth Real Estate team was exceptionally active through 2021. With a record number of acquisitions, entry into several new markets, and the addition of new development projects, Managing Director of Real Estate, Mark Hannah had plenty to share in this year-in-review discussion.
Nicola Wealth Real Estate: Midyear Update & Opportunities AheadNicola Wealth
With no end in sight, commercial real estate as an asset class has been on an upward trajectory throughout the pandemic. At Nicola Wealth Real Estate's Webinar on August 18th, Managing Director of Real Estate, Mark Hannah, shared the trends he and his team are seeing in the markets.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
2. If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold, I’ll tax the heat,
If you take a walk, I’ll tax your feet.
90%
83%
98%
Maximum Tax Rates
UK Income Tax Rates
1966 1974 (Income) 1974 (Investment)
Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman
Yeah, I'm the taxman
3.
4. Possible Tax Changes
• 1% tax on wealth over $10M (proposed by NDP)
• Capital gains Including rate to rise to 75% from 50% (effective
tax rate from 27% to 40%)
• 3% tax in Banks and Lifecos on profits over $1 billion
• Luxury Tax of 20% on value of cars and planes over $100,000
and boats over $250,000
Things to Consider
• Banks and Lifecos are widely held in pensions, retirement plans, mutual funds etc. This would be a new tax on retirement
savings.
• New Biden tax rates for capital gains will now be 28.8% instead of 43.6%.
• Wealth taxes dropped or rejected by other countries (Germany and France) sometimes is used in countries with no income tax
(France averaged $5M Euros in tax per year from 2012-2018. PBO estimate is $5.6B of new tax in the first year).
15. • $2.1 trillion in defined benefit
pension plans (75% public)
• $7000/yr/person for health care
(about $150,000 PV based on
median age)
• Other government benefits
including school, infrastructure
16. Tax Reform 2018 (updated 2021)
Before Tax Reform
• Dividend compensation if SBD
• Income split using dividends and trust
• Accumulate passive assets in CCPC
and recover RDTOH when dividends
paid
• SBD not impacted by passive assets
After Tax Reform
• Salary or Dividend situation
dependent
• Over 65 on with spouse otherwise
labour or capital
• CCPC still better but try and minimize
taxable passive income
• Start losing SBD at $50,000 of passive
income. 100% gone at $150,000. Does
it make much difference?
17. Tax Reform 2018 (updated 2021)
Observations and General Guidelines
• Can make sense to now maximize CPP depending on assumptions and
incremental benefits
• Blend of salary and dividends may be ideal
• After that it depends on whether or not one wants to recover RDTOH at
blended rates at retirement or high marginal rates now .
• Likely better to not try and recover RDTOH and wait until lower income years
or no active business income ( means current income would be all T4)
• Look for guidance on maximum salaries for spouses
18. Planning Options
Tax Efficient Asset Allocation
IPP vs. RRSP
Prescribed
Rate Loans
Insurance With or
Without Leverage
Corporate
Structuring
Philanthropy
19. $135,500 $133,200 $132,700
$0
$54,000
$24,000
$64,500
$12,800
$43,300
0
50000
100000
150000
200000
250000
Salary Eligible Dividend Non Eligible Dividend
Tax Outcomes
($200,000 pre-tax income BC rates)
Spendable Income Corp Tax Personal Tax
Observations
• Net spendable income is
close
• Salary allows for $27,830
in RRSP deductions or up
to $45,000 in IPP
contributions
• Salary allows for CPP
contributions
• Dividends would be
better if RDTOH can be
recovered
20. 5% Yield
Net taxable income
allocated to children
Blended Family
Tax Rate = 15%
Prescribed Rate Loans
Considerations
• Cost to set up Trust ($5000)
• Tax returns for children
• Rights to allocated income
• Tracking expenses
• Prescribed rates will rise (but
can lock in now)
$10,000/yr.=1%
Lend $1M
21. Tax Reform 2018 (Updated 2021)
How RDTOH would work in GRIP environment
(assumes maximum personal tax rates)
Taxable Passive Income $100,000
Tax Payable corporately $50,700
RDTOH $30,700
Dividend required to recover RDTOH $80,800
Personal Tax @48.9% $39,500
Net Corporate tax $20,000
Total tax $59,500 (59.5%)
Personal tax on $100,000 Bonus $53,500 (53.5%)
22. What should they do?
• Defer RRSP, IPP, and CPP
income until age 71
• Take dividends only from
their Holdco
The Facts
• Bob and Dana are both 65
• They have just sold their
business
• Over the years they have had
to pay corporate tax of 50.7%
on their taxable passive
income in their holding
company
• Their RDTOH balance is
$500,000
• Overall corporate savings are
$4M
• They have RRSPs, IPPs and CPP
• They would like $180,000 to
$200,000/yr. in after tax
income
Holdco
$4,000,000 Investments
$500,000 RDTOH
24. The Net Results
• Bob and Dana receive $250,000/yr. in dividends
and pay $47,000 in combined tax (spendable
income $203,000)
• The $250,000 triggers $95,000 in refundable
corporate tax (38% of the dividend)
• This effectively drops the tax rate on passive
investment income earned in the Holdco to
about 34% from 50.7%
• To make this work Bob and Dana take no other
income from other sources (CPP / RRSP etc.)
• Within 6 years they should recover all of their
RDTOH
• A different model may be required once CPP /
RRIF income begins
26. New IPP Age 60: Maximum Income & Past Service
Contributions
New IPP in 2021 60-Year-Old
$ 1,200,000
$ 1,550,000
2021 Terminal Funding
Total Funding Available
40,000
2021 Current Service Contribution
$ 310,000
Employer Past Service Contribution
(490,000)
Transfer From Employee’s RRSP
$ 800,000
Value of Pension (1991 – 2021)
28. IPP: Yes or No?
• When income received it can be split with
spouse.
• Future earnings to age 71 can be tax deferred.
• Contributions tax deductible.
• Amortize funding over 10 years or more if
required.
• Trigger pregnant gains in the year IPP funding
occurs?
• Generally better than RRSP’s after age 50
Issues
• Limited to RRSP eligible assets
• Residual assets fully taxable at death
except when donated
• Restricted Liquidity
29. • Reduce taxable income on non-registered accounts
• Look for growth assets , capital gains and eligible dividends
Portfolio Design
33. Asset Class Canadian Equities Foreign Equities Real Estate Fixed Income Life Insurance Private Equity Totals
Asset Allocation 25.0% 25.0% 37.0% 0.0% 5.0% 8.0% 100%
Return – last five years % 6.0% 8.3% 10.5% 4.2% 5.0% 13.1%
Weighted Return 1.5% 2.1% 3.9% 0.0% 0.3% 1.0% 8.8%
Return – last 5 years
$
$60,000 $83,000 $155,400 $0 $10,000 $41,920 $350,320
Corporate Tax
Rate passive
income
Personal Tax Rate
- Ordinary income
Personal Tax Rate -
Ineligible
Dividends
Personal Tax
Rate Eligible
Dividends
Amount Of Capital RDTOH Rate
Corporate Rate -
Eligible Dividends
Small
Business Tax
rate
General
Biusiness tax
rate
50.7% 53.5% 49.5% 36.5% $ 4,000,000 38.3% 38.3%
12% 27%
Portfolio
Return %
Portfolio Return
$
Taxable Income
Corporate
Tax Payable
RDTOH CDA
Personal Dividend
To Recover RDTOH
Tax On
Personal
Dividend
Net Corporate
Tax
Total Tax
Personal and
Corporate
Integrated tax
rate
8.8% $ 350,320 $ 98,804 $ 46,461 $32,539 $ 36,440 $ 84,958 $ 38,245 $ 13,922 $ 52,167 14.9%
Sample Client
34. $350,320
$98,804
$52,167
Returns Based on $4M Portfolio
Taxable Analysis for Corporate Assets
(average annual to Sept 2021)
Total Return Taxable Return Corporate and Personal Tax
36. • Full tax credit on
gift
• No capital gains tax
on shares
• Tax savings
potential of 80% in
BC / Ontario
• Can be donated to arms
length foundation or
charity
• Valuation issues
• Preferred shares paying
dividends might be best
• Insurance to redeems at
death
• Effective Tax shelter
• AMT can be an issue
• Little or no benefits in
tying to charitable gift
• Stand alone strategy
• Some policies have
value far in excess
of cash value
• Premiums can be
deductible
37. Private Giving Foundation
• Created in 1997
• 300 Donor advised accounts
• $150M of capital
• $10M of distributions in 2020
• NW pays all operating, reporting, legal, and
compliance costs
Donor Advised Funds
38. • Tax-free accumulation of cash value
• Good substitute for fixed income
• Strong collateral value with banks (90%)
• Reduce taxable income on passive assets inside
holdcos.
• Significant tax benefits when used in estate
planning strategies
39. Planning Options
Tax Efficient Asset Allocation
IPP vs. RRSP
Prescribed
Rate Loans
Insurance With or
Without Leverage
Corporate
Structuring
Philanthropy
40.
41. Q &A | 2021 Tax Planning
Our question and answer period will begin shortly
42. THANK YOU
This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational
purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as
investment advice or a recommendation of any particular security, strategy or investment product. All investments contain risk and may gain or lose value.
Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market
Dealer and Investment Fund Manager with the required provincial securities commissions.