Vincenzo Marozzi, Investment & Wealth Advisor of RBC Dominion Securities

Home
Canada
Edmonton, AB
Vincenzo Marozzi, Investment & Wealth Advisor of RBC Dominion Securities

Call Website

Investment & Wealth Advisor Empowering Professionals to Build Wealth with Tax-Efficient Financial Plans

11/03/2026

The first advice event at the University of Alberta for dentists featured an engaging discussion on starting your own clinic and the pitfalls to avoid.

The collaborative panel included partners at Raj Nayak & Zack Chen RBC Commercial Banking Raj Nayak & Zack Chen, Joshua Duarte with RBC Private Banking and RBC Zoya Athar with Royal Bank.

The next session is planned for spring. If you are a dental student, practicing dentist, or an accountant or lawyer serving the dental community, you are warmly invited to reach out if you would like to join.

What questions would you bring to the spring discussion?

11/02/2026

I ask pre-retirees one question early. Very few can answer it.

If you stopped working tomorrow, what would your income look like, month by month, for the next 30 years?

There is usually a pause. Then they tell me their net worth.

It is a real number, often an impressive one. It just does not answer what I asked.

I had this conversation last month with someone who had tracked their portfolio balance weekly for years. Weekly. But they could not tell me where their first month of retirement income would actually come from.

The answer lives in the conversion.

Which account gets drawn first. How each withdrawal is taxed when it comes out. When CPP and OAS enter the picture. How that order changes what is left at year 25.

Two households with identical balances can land in very different places based on sequence alone. Same pile, different outcome, and neither one did anything wrong along the way.

The balance tells you what you built. The plan tells you what you can actually spend, month after month, after everything takes its cut.

Those are two different jobs, and in my experience the second one rarely gets done until someone forces the question.

If you stopped working tomorrow, could you write out your first year of income on a napkin?

10/30/2026

This past week, Ben Benedetto and I were able to bring a group of our clients together for a memorable evening at the Highlands Golf Club.

Thank you to our partners at Franklin Templeton Canada, Ken Eslinger & David Wahl for an engaging presentation and discussion on the US economy at our client event.

Our clients kept the evening VERY lively with their conversation and questions. Thank you for being part of the discussion.

What questions about the US economy are on your mind?

10/29/2026

Cash can feel safe without being your safest choice.

Cash sitting on the sidelines carries two quiet costs. Inflation slowly wears down its purchasing power, and every month it waits is a month it is not working toward your goals.

For Canadians, the right amount to hold starts with a financial plan built around your goals and when you will need the money. Some cash earns its place (emergency reserves, near-term spending), and some is simply parked out of habit.

The video walks through the opportunity cost of waiting on the sidelines and how inflation chips away at idle money. How much of your cash has a clear job right now?

10/27/2026

A mortgage renewal raised a capital-gains question.

Picture a couple with a mortgage renewal a few months away. They also held a non-registered investment portfolio, large enough to pay off the remaining mortgage balance.

The question on the table was simple. Should they sell the portfolio, pay off the mortgage at renewal, and then borrow the same amount back to reinvest?

Here is the logic. In Canada, interest on a mortgage for your own home is generally not tax-deductible, while interest on money borrowed to earn investment income may be, if the rules are met.

The total debt stays roughly the same, and so do the investments. What changes is the purpose of the borrowing, which may turn interest with zero tax relief into interest that could be deductible every year.

That is the potential win. The catch is that selling the portfolio can trigger capital-gains tax, and that bill could shrink or even erase the benefit.

You may have heard of the Smith Manoeuvre, which does something similar gradually by reborrowing each mortgage payment’s principal through a readvanceable mortgage or HELOC and investing it. This case was a one-time version, timed to the renewal.

Before a move like this, here is what I would weigh:

✅ Plan fit. Borrowing to invest has to match the family’s goals and comfort with risk. Paying off the mortgage lowers debt, while reborrowing keeps both the investments and the loan.

✅ Tax cost. Selling non-registered investments with gains creates a tax bill today. That cost belongs right beside the possible interest deductions over time.

✅ Deductibility. The interest is only potentially deductible if the CRA’s conditions are met, including a legal obligation to pay interest, a reasonable rate, an income-earning purpose and clear tracing of where the money went.

Your home securing the loan does not make the interest deductible. Investments held only for growth, or money placed in an RRSP or TFSA, do not qualify either.

✅ Resilience. Markets fall and borrowing costs rise. The plan needs to survive both, plus a tight cash-flow year, without forcing a sale at a loss.

✅ Ex*****on. Borrowed money needs its own account and clean paperwork. Mixing loan funds with other cash can make the deduction very hard to prove.

In this case, the potential deductions, the tax cost of selling and the family’s plan pointed in the same direction. Every household’s situation is different, so the full after-tax cost and risk need to be tested against your own plan first.

Which factor would carry the most weight in your evaluation, and why?

10/26/2026

The best move in chess is almost never the first one you see.
It took me years to actually believe that.

Your eye goes straight to the capture. The piece sitting there, undefended. And a good player will sit on their hands and ask what the board looks like three moves after they take it.

Usually it looks worse.

I think about this constantly when I look at a client's tax structure.

The obvious move is everywhere in this business. Max the RRSP. Buy the fund that did well last year. Pull income from the corporation the same way you did the year before, because that is how it has always been done.

Each of those can be right. Each of those can also quietly cost a family six figures over a couple of decades, depending on how the pieces sit.

A corporate account is not one decision. It is a position. Passive income rules, withdrawal sequencing, which asset class lives in which account. Move one piece and three others shift with it.

So the discipline I trust is the same one from the board. Treat the obvious answer as a hypothesis. Test what the position looks like after the next two or three moves, not just this one.

It is slower. It is less satisfying in the moment. And in my experience it is where most of the real value hides, quietly, in the moves nobody applauds.

When you made your last big financial decision, how many moves ahead did you actually look?

10/23/2026

My kids are learning about money and I have not said a word.
That part took me a while to accept.

I grew up around people who built something from almost nothing. Nobody sat me down to explain effort or patience. I just watched them handle small choices, calmly, over and over.

That is what stuck. Not a lesson. A temperament.

So now I catch myself in ordinary moments. Deciding whether to fix something or replace it. Talking through a purchase out loud at the kitchen table. Staying calm when a plan changes.

My kids are watching all of it.

I think the real inheritance is not an account. It is how you behave with money when nothing dramatic is happening. Steadiness. Effort tied to something they can actually see.

I do not have this figured out. Some days I model the wrong thing and only notice later.

But if the values that stick are the ones lived rather than explained, then the teaching is already happening, whether I plan it or not.

What are your kids absorbing from the moments you think they are not watching?

10/22/2026

A doctor asked me what happens to her corporation when she dies.

She had a few million in retained earnings sitting in there. She assumed it would just pass to her kids.

It does not work that way.

At death, her shares get taxed on the capital gain. Then when the family pulls the money out of the corporation, it gets taxed again as a dividend.

Same dollars. Two tax hits. Money she spent thirty years building.

Here is where corporate-owned life insurance changes the picture.

The corporation owns the policy. When the death benefit pays out, most or all of it flows into something called the capital dividend account.

From there, it can be paid to the estate as a tax-free dividend.
The trapped value gets converted into a clean handoff. Same family, same wealth, dramatically different outcome.

She had a policy already, actually. Bought years ago for income protection, sized for a mortgage that is long gone.

That is the part I keep noticing with incorporated professionals. The insurance exists, but it was bought for protection when the real job by now is transfer.

One caveat. The policy is a tool, and a tool only works if the plan came first. I would never size coverage before mapping what the estate actually needs to move.

My family rebuilt from nothing in a new country. Maybe that is why I think about wealth less as something you hold and more as something you get safely to the people who come after you.

If you have significant retained earnings in your corporation, do you know what happens to them at the end?

10/20/2026

I used to get scored on for a living.

Professional goaltending is a strange job. You train for years to be calm in the exact moment the building is loudest.

The puck does not care about your mood. So you learn to read the play forming, position yourself early, and let the routine carry you when your heart rate spikes.

My own future was unsettled the whole time. Contracts, seasons, a livelihood that could shift under me in a month. I learned to perform anyway.

I did not realize until much later that this was the actual training for wealth management.

Markets get loud too. And when they do, a client is not really asking me what stocks will do next. Nobody knows that, and I do not pretend otherwise.

They are asking if someone steady is standing between them and the chaos.

That is the job. The plan was built before the volatility arrived, positioned for many outcomes, so the decision in the loud moment was already made in a quiet one.

I absorb the shot so the family behind me does not have to feel it.

The calm is not a personality trait. It got built, save by save, in years where the ground kept moving.

When things get loud in your world, what do you fall back on?

10/09/2026

My wife taught me more about risk than any market ever did.

She works in an ICU. I will not share details from her shifts here, that part of our life stays ours.

But living next to that kind of work changed how I hold my own.

In my industry, risk gets flattened into a number. A volatility score printed on a statement.

At home I learned a different definition. Risk is the moment when the preparation you did months earlier either holds up or it does not.

The steadiness I admire in her was built long before any hard moment. Protocols reviewed, decisions rehearsed, so that when the stakes peak she can act instead of freeze.

I try to build the same thing into a financial plan.

Honestly, that is the whole job as I see it now. The plan exists so that on a bad day, the client already knows what happens next.

A portfolio that only works when everyone feels calm is a fragile thing. The real test is whether it lets a frightened person make a good decision.

Markets will hand us that test eventually. They always do.

So here is what I keep asking clients, gently. If next year gets ugly, does your plan already tell you what you will do, or will you be deciding in the moment?

Address

1074 103A Street SW
Edmonton, AB
T6W2P6

Telephone

+17809358637

Website

https://wmc.rbcwealthmanagement.com/benedetto-wealth-management

Alerts

Be the first to know and let us send you an email when Vincenzo Marozzi, Investment & Wealth Advisor of RBC Dominion Securities posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.