Brian Laundry Insurance Solutions Inc.

02/26/2022

I recently spoke with George Dube, a real estate tax expert with BDO. We spent some time speaking about tax planning and how advanced insurance strategies save tax. Let me know what you think!

http://bdoreinvestor.ca/2022/02/25/opm-solutions-pay-taxes/

02/26/2022

I recently spoke with George Dube, a real estate tax expert with BDO. We spent some time speaking about tax planning and how advanced insurance strategies save tax. Let me know what you think!

OPM solutions (other people's money) that can help pay taxes is the topic of George Dube's interview with Brian Laundry. Listen in.

01/28/2022

I was doing a presentation with George Dube and Adney Fernandes. last night. George showed a tremendous visual about tax disparity.

Half of the country pays virtually no tax. If you're in the top 10% ($126,500+ of earnings), you pay 54% of Canada's taxes.

In the top 1% of earners ($338,300+ of earnings), you pay 10% of all countries' taxes.

I have my own thoughts/opinions about this, but I'm curious how you feel about this?

11/29/2021

I didn't even need to read the article to know that taxes are going up for the wealthy (and business owners). No surprise!

Jamie Golombek breaks down the government's priorities

11/24/2021

This is long overdue. The focus should always be on what's best for a client. For Sunlife to allow captive customers to seek outside advice is a no-brainer.

I don't agree with the 10% compensation split upon conversion. Why the caveat? How is paying the old (presumably unqualified advisor) 10% to do nothing? Isn't that contrary to the goal of client best interests?

Move sparks discussion about captive model and compensation

11/22/2021

The economic environment has created a perfect storm. Historically low interest rates, combined with a lenders willingness to provide 100% loan-to-value, makes CSV lending very attractive.

For the most affluent clients (especially aged 70+), add significant tax deductions to the mix and you have a tax solution that only sophisticated accountants recommend.

Billy-Joe McInnis, National Leader, Business and Insurance Lending Sales with Manulife Bank, discusses how to satisfy various client needs.

11/15/2021

Financial planning is funded by the investment portfolio (fees). Thus, the performance of investments is the primary measurement of the success of an individual's financial plan.

Fee-for-service advisors are likely the correct professional to manage an actual plan, but nobody wants to write a cheque for advice.

What a quagmire!

Only one-third of those polled felt they knew "a lot" about what a financial plan is

11/14/2021

Taxes are punitive and will increase for wealthy Canadians, and it's that simple. If finance increases the capital gains inclusion rate (which they will), pipeline planning and capital gains strips are dead.

Advanced insurance planning (with tax emphasis) is all that will be left. Great for insurance experts, terrible for our Canadian entrepreneurs/professionals.

As taxes on the wealthy increase, strategies such as diversifying income sources and income splitting can be beneficial

07/22/2021

All software should be configured to default to FP Canada Assumption guidelines. I like that FP Canada is creating rules for their membership to be held accountable for their assumptions.

What happens if a CFP uses incorrect assumptions? Consequences?

The rules are designed to set clear expectations for planners who use technology in their practices

07/20/2021

I haven't had the chance to use Conquest since the early beta days, but I'm excited to see how their software integrates with the IG advisor network. Canadian Fintech is vital for a better client/advisor experience.

Partnering with Conquest Planning, IG Wealth Management advisors give clients greater ownership