Remember income trusts? The high-yielding business structures were pretty much obliterated at the beginning of this year as new tax treatment was implemented. But they may be making a comeback, thanks to a new structure devised by PwC.
Whether your client is heading into retirement or just wants to supplement their paycheque, the demand for income planning will only rise.
Under the current Canada Pension Plan (CPP) rules, employees and employers are not required to pay CPP contributions for employees who are working while collecting CPP. However, effective Jan. 1, 2012, if an employee is under age 65 and continues to work while receiving CPP, both the employer and employee will be required to make CPP contributions.
When people think of income planning, they usually think of retirement. Prior to retirement, Canadians are mainly concerned with paying debt and accumulating retirement assets, so they ignore income-planning opportunities.
When people think of income planning, they usually think of retirement. Prior to retirement, Canadians are mainly concerned with paying debt and accumulating retirement assets, so they ignore income-planning opportunities.
Guaranteed Minimum Withdrawal Products entered Canada with a bang, twisted through a few snags related to underlying pricing assumptions and now are cruising along as accepted components of client portfolios for those close to retirement.
As financial professionals, you already know that recent market volatility has provided ample opportunity to deploy capital—if only your clients have the nerve to swim against the current.
Arrow Capital Management has announced the launch of the Raven Rock Income Fund, advised by an investment team led by Nate Brown, Guy Caplan and Bobby Richardson of Raven Rock Capital LLC.
The first Canadian baby boomers have hit official retirement age; soon their ranks will swell. Many advisors built their practices around accumulating wealth for these clients. Now comes the tricky part: planning for the actual retirement phase.
The rich are getting richer, while incomes of the majority of the population remain stable