Financial & Tax Planning Concepts

Episode 69: 2024 Year- End Tax Planning

2024 Year- End Tax Planning

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will be reviewing Year-End Tax Planning strategies highlighting the 2024 Federal Budget proposed changes on Capital Gains Tax. 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  

You’re listening to Capital Topics, episode #69! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

In our podcast today we will review Year- End Tax Planning strategies highlighting the 2024 Federal Budget proposed changes on Capital Gains Tax. 

Enjoy! 

2) 2024 YEAR-END TAX PLANNING:

François Doyon La Rochelle: 

Well, it’s that time of the year again to cover Year-end Tax Planning Strategies for Investors in Capital Market Securities. Our regular Listeners know this is an annual tradition on our Podcast to cover this topic at year-end.  But this year the big tax planning challenge is that there is a lot of uncertainty surrounding capital gains tax rules.  Most of our Listeners know that the 2024 Federal Budget introduced major changes with the New Capital Gains Tax rules. At the Personal tax level, The Capital Gains inclusion rate was increased from 50% taxable to 66 2/3% for gains realized over $250,000.  The new rules for capital gains realized in corporations or a Trust are even harsher whereby all realized gains will be taxed at the higher 66 2/3% inclusion rate. These new rules completely upend the planning for investors with assets in their corporations and for estates.  To make matters more complicated, the New Capital Gains Tax Legislation is delayed, and some are speculating it may not be passed before year-end.   There is a lot to discuss, and as usual careful planning will be required. So, James, where would you like to start?…Read More

Links:

- CIBC – Just leave it! Corporate Versus personal capital gains investing by Jamie Golombek – CIBC Private Wealth

- Episode 58: Year-End Tax Planning and Update on Canada’s Major Pension Plans by James Parkyn & François Doyon La Rochelle – Team Parkyn-Doyon La Rochelle – PWL Capital

- Episode 52: The New Tax-Free First Home Savings Account (FHSA) and Review of the Credit Suisse Global Investment Returns Yearbook 2023 - Summary Edition by James Parkyn & François Doyon La Rochelle – Team Parkyn-Doyon La Rochelle – PWL Capital

Episode 61: 2023 Update on PWL’s Expected Returns and a Review of Professor Scott Cederburg’s paper on life cycle asset allocation.

2023 Update on PWL’s Expected Returns and a Review of Professor Scott Cederburg’s paper on life cycle asset allocation.

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss the updated PWL long term expected returns on asset classes with PWL’s senior researcher Raymond Kerzérho.

Then, they review with him a research paper from Professor Scott Cederburg on life cycle asset allocation.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #61!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the following points with Raymond Kerzerho, PWL’s Senior Researcher:

First, we will give you an update on PWL Capital’s long term expected returns on asset classes.

And next, for our second topic, we discuss a groundbreaking paper from Professor Scott Cederburg on life cycle asset allocation.

Enjoy!

1) UPDATE ON PWL CAPITAL’S EXPECTED RETURNS :

Francois Doyon La Rochelle: Hello, James! How are you today?

James Parkyn: I'm very good, Francois, and how are you?

Francois Doyon La Rochelle: I'm good. Thank you.

Francois Doyon La Rochelle: So, as I've mentioned in my introduction to help us tackle the 2 topics at hand for today, we have invited Raymond Kerzérho, PWL Senior researcher.

So good morning to you, Ray. It's good to have you back on the podcast.…Read More

Episode 58: Year-End Tax Planning and Update on Canada’s Major Pension Plans

Year-End Tax Planning and Update on Canada’s Major Pension Plans

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will first discuss year-end tax planning strategies for investors in Capital Market Securities.

Then, they will chat with Raymond Kerzerho, PWL’s Senior Researcher, about his latest blog regarding Canada’s major pension plans.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #58!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the following points:

For our first topic, since we are approaching the end of 2023, we will discuss year-end tax planning strategies for individual investors.

And for our next topic, we will chat with Raymond Kerzerho, PWL’s Senior Researcher, about his latest blog regarding Canada’s major pension plans.

Enjoy!

1) YEAR-END TAX PLANNING FOR INVESTORS :

François Doyon La Rochelle: Well, it’s that time of the year again to cover Year-end Tax Planning Strategies for Investors in Capital Market Securities. It has been an annual tradition for us on the Podcast.  We want to remind our Listeners that the insights and advice we will be sharing will be general in nature. We would need a more detailed understanding of an investor’s tax and financial situation to give specific recommendations.  Listeners should consult their tax advisors, portfolio managers, and financial planners for personalized recommendations…Read More

Episode 57: The Powerful Advantages of Total Market ETF’s & Canada’s Tax System

The Powerful Advantages of Total Market ETF’s & Canada’s Tax System

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will address why we prefer using total market ETFs or mutual funds to build our portfolios rather than other investments solutions.

 They also share their thoughts on a real hot button issue for all Canadians, Taxes!

Raising taxes on top income earners is often proposed as a solution for generating a lot of extra revenues and at the same time reducing inequality in Canada.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #57!

 This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

 In this episode, we will discuss the following points:

For our first topic, we will review the powerful advantages of building your portfolio with total market ETF’s.

And for our next topic, we will discuss Canada’s Tax System and try to answer the following question: do high earners pay their fair share of taxes?

Enjoy!

1) THE POWERFUL ADVANTAGES OF TOTAL MARKET ETF’S :

François Doyon La Rochelle: In our first subject for today, we will address why we prefer using total market ETFs or mutual funds to build our portfolios rather than other investment solutions, that replicate recognized commercial benchmarks such as the S&P500 Index for U.S. equity, the S&P/TSX 60 Index here in Canada and other large-cap benchmarks. …Read More

Episode 56: RESP Withdrawal Planning and Investor Home Market Bias

RESP Withdrawal Planning and Investor Home Market Bias

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle give a brief overview of how registered education savings plan works and what are the best strategies to tap into your RESP savings most efficiently.

They also drill down into the stock component of your portfolio and on how much global exposure you should have.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #56!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the following points:

For our first topic, we will review the basics of registered education saving plans (RESP) and withdrawal strategies.

And for our next topic, we will discuss investors home market bias.

Enjoy!

1) RESP WITHDRAWAL PLANNING :

François Doyon La Rochelle: After a short break for the summer, and since it’s back-to-school season we thought that it would be a good idea to give you a brief overview of how the registered education savings plan (RESP) works and what are the best strategies to tap into your RESP savings most efficiently…Read More