Chetan Wealth Management of RBC Dominion Securities Inc.

Chetan Wealth Management of RBC Dominion Securities Inc. Growing your Wealth. Protecting your Legacy. We help you to achieve your good life.

While it is true that GICs are currently paying very handsome returns, interest income is fully taxable at the investor’...
11/14/2023

While it is true that GICs are currently paying very handsome returns, interest income is fully taxable at the investor’s highest marginal tax rate, the money is locked in and inaccessible for the duration of the GIC, and there is no upside potential. Due to inflation and taxes, we usually refer to GICs as ‘guaranteed loss certificates’ within our team.

As a result of interest rates, bonds have presented themselves as a much more attractive option for a few reasons:

✔︎ Discounted bonds are currently yielding a pre-tax equivalent rate of return of over 7% in non-registered accounts

✔︎ While principal and interest are both guaranteed (as they are with a GIC), liquidity is not a concern. Bonds can be sold at any time if access to cash is required

✔︎ Since interest rates and the prices of bonds are negatively correlated, these bonds are currently available at a discount, while the full amount of the face value of principal is still guaranteed upon maturity. This presents a unique opportunity to secure a capital gain by buying the bond at a discount and holding it to maturity at face value. Capital gains are taxed much more favourably at half the rate of interest income (what you get when you buy a GIC)

Ready to take advantage of guaranteed investment income and pay less tax? Book a consultation with Chetan Wealth Management today, at https://spry.rbcwealthmanagement.com/gcchoices/1F2E1881078F0D914A481D9F5007F2621F?l=en
..and be sure to connect with us on LinkedIn at https://www.linkedin.com/company/chetan-wealth-management-of-rbc-dominion-securities

Are you looking to secure your financial future? Work with Chetan Wealth Management to increase tax-free savings during ...
11/11/2023

Are you looking to secure your financial future? Work with Chetan Wealth Management to increase tax-free savings during your working years, supersize retirement income, create a plan to allow tax-free withdrawals from your corporation and ensure that more of your wealth goes to your beneficiaries as opposed to taxes, upon your passing.

Find us on LinkedIn at https://www.linkedin.com/company/chetan-wealth-management-of-rbc-dominion-securities and get started with a consultation by booking today at https://spry.rbcwealthmanagement.com/gcchoices/1F2E1881078F0D914A481D9F5007F2621F?l=en

Why do you need a corporate executor? We'll tell you:1. Maintain sibling relationships after parents pass: Appointing on...
10/11/2023

Why do you need a corporate executor? We'll tell you:

1. Maintain sibling relationships after parents pass: Appointing one child may lead to favoritism concerns, while appointing all may cause disagreements.

2. Minimize legal risks: Executors have a fiduciary responsibility and can be held personally liable.

3. Ease the burden on loved ones: Being an executor is time-consuming and settling an estate can take years with many duties involved. Using a corporate executor allows children to grieve and focus on moving forward.

What is your business worth to you? You may be surprised that it is worth even more to someone else.Chetan Wealth Manage...
10/05/2023

What is your business worth to you? You may be surprised that it is worth even more to someone else.

Chetan Wealth Management is here to guide you through the process of selling your business, plan ahead of time to minimize the tax upon sale, and support your retirement by strategically investing the proceeds and creating a tax-effective income stream.

If you're considering sale, pre-planning can make a material difference. Connect with us today to learn about how our team of experts can help.

https://spry.rbcwealthmanagement.com/gcchoices/1F2E1881078F0D914A481D9F5007F2621F?l=en

We’ve all heard stories about those who didn’t have adequate insurance when tragedy struck, but we still tend to procras...
09/22/2023

We’ve all heard stories about those who didn’t have adequate insurance when tragedy struck, but we still tend to procrastinate when it comes to insurance. Smart finance helps you control what you can, while insurance coverage helps you to prepare for the unexpected, and can be a powerful estate planning tool to reduce taxes on your estate.

Living benefits insure your income when injury or illness inhibit your ability to work. Life insurance pays a benefit upon passing to ease the financial burden on your loved ones left behind. Insurance inside your business can provide for the continuity of the business if illness or death of one of the partners should occur.

Whole life insurance can be used to grow and transfer wealth from your estate to beneficiaries while avoiding capital gains and probate taxes that reduce assets that flow through your will.

Furthermore, owning personal insurance within your corporation allows you to receive the same benefits at a significantly reduced after-tax cost of insurance.

Follow along and connect with us on LinkedIn for more tips on "Growing Green": http://www.linkedin.com/company/chetan-wealth-management-of-rbc-dominion-securities

Preparing the next generation for financial success in their future is key to making the most of the wealth you pass dow...
08/22/2023

Preparing the next generation for financial success in their future is key to making the most of the wealth you pass down, which is why we encourage clients to discuss financial literacy and wisdom with their children and grandchildren. In fact, we even work with families to help educate all members on wealth management, allowing younger generations to have access to valuable advice earlier on in life than their parents may have.

What is the legacy that you want to leave for your kids? Start today, at ChetanWealthManagement.com

Don't let your assets be frozen should a family earner pass away. Instead, ensure your family maintains access to accoun...
08/14/2023

Don't let your assets be frozen should a family earner pass away. Instead, ensure your family maintains access to accounts when they need them with appropriate account structures and beneficiary designations. Joint non-registered accounts naming both spouses in a marriage, or joint gift with beneficial right of survivorship (JGBRS) designees are both vehicles with which to circumvent frozen assets.

Learn more about how Chetan Wealth Management can help you, at chetanwealthmanagement.com

Business is booming, and that is great. But are you sure that your business earnings are continuing to work for you pers...
08/10/2023

Business is booming, and that is great. But are you sure that your business earnings are continuing to work for you personally? While you take care of business, it's our business to take care of your personal finances. By taking a holistic view of your family's personal and business wealth, you can take advantage of the strategies that allow you to invest, grow and keep more of your earnings.

For example, although keeping your earnings in your corporation can limit personal taxes, investment income generated in your corporation attracts the highest tax rates. Fortunately, there are strategies to reduce the taxes payable, and with the right plan, a booming business can generate financial security and generational wealth for your family. If you're looking for more wealth management resources as a business owner, talk further with Anita and Richard, by booking your 30-minute 1-on-1 today, at https://spry.rbcwealthmanagement.com/gcchoices/1F2E1881078F0D914A481D9F5007F2621F?l=en

... without the right plan in place. Whatever your reason for selling, it’s important to realize that the tax payable on...
08/10/2023

... without the right plan in place. Whatever your reason for selling, it’s important to realize that the tax payable on the sale could be the largest one-time expense you will ever have to manage. Owners who begin planning and implementing strategies for sale of their business 3 to 5 years in advance are generally able to extract more value and keep more of their sale proceeds than those who sell with less preparation. The year of sale and year after sale each present unique tax considerations that must be prepared for to minimize liabilities and maximize returns.

Looking for more wealth management resources as a business owner? Schedule a 1-on-1 session to receive our FREE Business Owner's Guide to Wealth Management: https://spry.rbcwealthmanagement.com/gcchoices/1F2E1881078F0D914A481D9F5007F2621F?l=en

Here are 3 ways savvy business owners maximize the value they derive from their business:1. Maximize and multiply their ...
08/09/2023

Here are 3 ways savvy business owners maximize the value they derive from their business:

1. Maximize and multiply their Lifetime Capital Gains Exemptions

2. Pull funds tax-free out of their corporation by making use of a Capital Dividend Account

3. Minimize tax upon the transfer of their business to the next generation

We don't expect to make our clients experts on these topics, but we do help them identify what's right for them and then help them expertly implement these strategies. To learn more about what we can do for you, connect with us at ChetanWealthManagement.com

No? Let’s change that.Alternative investments are a viable way to hedge against market volatility. In fact, many alterna...
08/09/2023

No? Let’s change that.

Alternative investments are a viable way to hedge against market volatility. In fact, many alternative investments, like private real estate, infrastructure, private credit, and private equity, continued to appreciate during the 2022 market downturn. Alternatives have the twofold benefit of being less tied to the performance of large-cap companies and adding overall diversity to a portfolio. That said, if you aren't used to these asset classes, it can be hard to know where to begin.

Connect with a Chetan Wealth Management advisor to talk more: http://www.chetanwealthmanagement.com/

Address

4 Robert Speck Parkway, Suite 1100
Mississauga, ON
L4Z1S1

Website

Alerts

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

Contact The Business

Send a message to Chetan Wealth Management of RBC Dominion Securities Inc.:

Shortcuts

Share

Category