Q3 2024: Strong performance, lingering questions Kurt Rosentreter, CPA, CA, CFP, CLU, CIMA, TEP, FMA, CIMSenior Financial Advisor & Portfolio Manager, Manulife Wealth Inc.President & Life Insurance Advisor, Upper Canada Capital Inc. Global markets performed well in the third quarter of 2024, continuing their positive trend this year. This was influenced by factors such as …
By Kurt Rosentreter, CPA, CA, CFP, CLU, TEP, CIMA, FCSI, CIM What is an RESP? RESPs or registered educational savings plans are the “go to” savings account products for parents of kids in Canada who have goals of their child pursuing post-secondary education after high school. An RESP is a registered investment account that you …
By Kurt Rosentreter, CPA, CA, CFP, CLU, TEP, CIMA, FCSI, CIM What is a RRIF? A RRIF or registered retirement income fund is an investment account held at a bank, brokerage or other financial institution. The account consists of money deposits that you made into an RRSP investment account or locked in RRSP investment account …
Tax Tidbits… Some Quick Points to Consider Capital Gains Inclusion Rate: Proposed Increase The 2024 Federal Budget proposed to increase the capital gains inclusion rate from 50% to 2/3 of the actual gain, effective for capital gains realized on or after June 25, 2024, for all taxpayers (including corporations and trusts) other than individuals. Individuals …
Are You Ready for the Higher Capital Gains Tax Rate Starting June 25, 2024? Normally after April 30, personal income tax season is done – but not this year! The Federal Budget earlier this year threw us a curveball, announcing an increase in the capital gain inclusion rate for personal capital gains above $250,000 to 66 …
Provided by Kurt Rosentreter, CPA, CA On April 16, 2024, the Deputy Prime Minister and Finance Minister, presented Budget 2024 – Fairness for Every Generation, to the House of Commons. No changes were made to personal or corporate income tax rates. Some highlights include the following: The Numbers The Government’s fiscal position includes the following …
Kurt Rosentreter’s Wealth Management Team Written by Monika Kucinskaite, M.ComFinancial Advisor Associate | Manulife Wealth Inc.m.kucinskaite@manulifesecurities.ca 2023 RRSP Deadline The last day to contribute to your RRSP for the 2023 tax year is February 29, 2024. There are less than 30 days left to contribute to an RRSP account and lower your taxable income for …
A Summary by Kurt Rosentreter Early January, every year, the Economic Club of Canada hosts a panel of the Chief Economists of the five largest Canadian banks to talk about their predictions for the Canadian economy. This year’s event was at the Sheraton Hotel in Toronto and was attended by financial executives from across Canada, …
Kurt Rosentreter, CPA, CA, CFP, CLU, TEP, FMA, CIMA, FCSI, CIMPortfolio Manager, Manulife Securities IncorporatedPresident, Upper Canada Capital Inc.kurt.rosentreter@manulifesecurities.ca December 31, 2023 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. Some 2023 Year-End Tax …
Tax Tidbits… Some Quick Points to Consider CPP Enhancements: Higher Contributions and Higher Benefits In 2019, the government commenced a two-part enhancement to the Canada Pension Plan (CPP), with full implementation to be completed in 2025. Phase 1 occurred from 2019-2023; phase 2 will occur from 2024-2025. Overall, the changes will require larger contributions but …
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