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Sumreet Dhaliwal - Wellington-Altus

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Canada
Burlington, ON
Sumreet Dhaliwal - Wellington-Altus

As an investment advisor, I specialize in strategically enhancing wealth, mitigating investment risk, and optimizing tax efficiency for individuals.

Let's work together to shape a prosperous financial future tailored to your unique goals.

09/19/2024

Every year investors look at the RRSP Deduction Limit Statement on their Notice of Assessment and ask similar questions:
1. Is there a difference between a RRSP contribution and a RRSP deduction?
2. I have RRSP deduction room and unused contributions — what does this mean?
3. My unused contribution room for the year is negative — am I in an RRSP overcontribution situation?

The article attached addresses these questions and will help you understand the RRSP deduction limit statement.

Click the link below to read the full article ⬇️

https://hubs.ly/Q02Q2B5X0

For any questions or if you want to learn more, send me a message and we can set up a meeting

03/29/2023

A Registered Retirement Savings Plan (RRSP) is a savings plan any Canadian individual taxpayer under the age of 72 can establish and to which they or their spouse or common-law partner can contribute – given their respective deduction limits. At the very least, an RRSP is an income tax deferral tool, and in most instances generates tax savings.

An RRSP can be a powerful tool for Canadians looking to save for retirement, and it is important to understand the rules and limitations of the plan in order to maximize its benefits.

The attached article addresses key RRSP considerations such as:

1. What exactly is a Registered Retirement Savings Plan?
2. Timing Considerations
3. Key Features of an RRSP
4. What is the difference between an RRSP contribution and deduction?

Click the link below to read the full article ⬇️
https://hubs.ly/Q01GkvZN0

For any questions or if you want to learn more, send me a message and we can set up a meeting

03/22/2023

Markets eventually recover despite volatility. It is important to stay the course even during international crisis events. Historically, investors have been able to fully recover their losses from those periods and achieve their long-term investment goals 📈

If you have any questions or would like to learn more, please send me a message and we can set up a meeting.

👉 Click the Link in the Bio to read a few interesting articles

03/11/2023

Special thanks to Zach Vaughn, CEO of Brookfield REIT, for his presentation on the importance of private investments and their role within an investment portfolio 🙌 🙌 🙌 . His insights were valuable in educating our guests 📈📈

If you are interested in learning more about private investments or would like to attend our future seminars, feel free to send me a message. We are always inviting special guest to educate our investors!

03/03/2023

Please join us for dinner on March 9th at 6pm at the Carriage House to learn more about the Brookfield Real Estate Income Trust. To confirm your attendance, kindly email us at [email protected]. We look forward to seeing you there!

The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for
illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or
trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Transactions of the type described herein may involve a high degree of risk, and the value of such instruments may be highly volatile. Such risks may include without limitation risk of adverse or unanticipated market developments, risk of issuer default and risk of illiquidity. In certain transactions counterparties may lose their entire investment or incur an unlimited loss. This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described herein, and counterparties should ensure that they fully understand the terms of the transaction, including the relevant risk factors and any legal, tax, regulatory and accounting considerations applicable to them, prior to transacting. Past performance is not an indication of future results. WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners. © 2023, Wellington-Altus Private Wealth Inc.
ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION.

02/08/2023

The Registered Retirement Savings Plan (“RRSP”) is an excellent investment vehicle to help Canadians save for retirement. However, understanding how the registered plan works is vital to one’s retirement plan. By learning the fundamentals, it can help minimize your overall tax bill and prevent over-contributions that will lead to an imposed penalty by the CRA.

In this article we will discuss the following:

1. Look at practical examples of an RRSP Contribution
2. What is the difference between an RRSP contribution and deduction?
3. How much can a Canadian deduct and contribute to their RRSP?

Click the link below to read the full article ⬇️
https://hubs.ly/Q01zFFk_0

For any questions or if you want to learn more, send me a message and we can set up a meeting

02/02/2023

New and enhanced reporting requirements are expected to be implemented for trusts that have a taxation year ending after December 30, 2023. These new rules will impact almost all trusts with a taxation year that started on January 1, 2023 or later.

The article provides a quick reference on key take-aways:
1. Understanding the three main impacts of the new reporting requirements
2. Understanding the likely exceptions to the new reporting requirements
3. Understanding the implications for Bare trusts

Do you have your name on legal title for any assets you do not have a particular interest in? If so, you may have a new reporting obligation with the Canada Revenue Agency.

Click the link below to read the full article ⬇️
https://hubs.ly/Q01yL_7x0

For any questions or if you want to learn more, send me a message and we can set up a meeting

01/24/2023

Many individuals have prescribed rate loans in place to income split with spouses and common-law partners. The effectiveness of this strategy, however, is predicated on the payment in full of annual interest on the loans by the deadline (January 30th). Failure to pay interest by this deadline will result in the loss of the tax benefits associated with this strategy.

The attached article addresses four key questions:
1. What is a prescribed rate loan?
2. When is interest due?
3. How should interest be paid?
4. What happens if interest is not paid?

Click the link below to read the full article ⬇️
https://hubs.ly/Q01yLz5_0

For any questions or if you want to learn more, send me a message and we can set up a meeting

01/12/2023

Many Canadian families utilize the RESP as an investment vehicle to save for their child’s post-secondary education journey. When the time comes to withdraw the funds for post-secondary education purposes, many subscribers wonder what the best approach is to maximize the RESP’s value and minimize taxes.
This article outlines two primary types of RESP withdrawals and the taxable impact from such – all with the goal of supporting the subscriber, the beneficiary/ies and maximizing the value of the RESP.

Click the link below to read the full article ⬇️
https://hubs.ly/Q01wWVSP0

For any questions or if you want to learn more, send me a message and we can set up a meeting

12/27/2022

Introducing the First Home Savings Account!

The FHSA is a new registered account that will provide the opportunity for Canadians to save up to $40,000 on a tax-free basis to put towards purchasing their first home in Canada. It combines the benefits of tax-deductible contributions as with a Registered Retirement Savings Plan (“RRSP”) and tax-free withdrawals as with a Tax-Free Savings Account (“TFSA”). The draft legislation proposes the FHSA will be available starting on January 1, 2023.

Click the link below to read the full article ⬇️
👉 https://hubs.ly/Q01w5rVV0 👈

If you would like to discuss this further, send me a message and we can set up a meeting

12/25/2022

This stock market is an EMOTIONAL ROLLERCOASTER! It's not easy for investors to manage their emotions. There is a tendency to get excited and buy just as markets are set to decline, and to panic and sell just as markets are set to recover. Timing the market is nearly impossible but remaining calm and staying invested is the most prudent course of action.

For any questions or to learn more, send me a message and we can set up a meeting

👉 Click the Link in the Bio to read a few interesting articles

Address

3455 North Service Road , Suite 300
Burlington, ON
L7N3G2

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm

Website

https://linktr.ee/SumreettheAdvisor

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