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Birbari Wealth Management

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Canada
Oakville, ON
Birbari Wealth Management

Birbari Wealth Management Group takes a long-term approach when it comes to managing your wealth. Together we’re better.

Michael Birbari, CIM® & Jill Edmunds, CPA, CA, CFA
Portfolio Managers & Wealth Advisors
iA Private Wealth

06/12/2025

Nearly 1 in 3 Canadians aged 45–64 have nothing saved for retirement — but your 50s can still be a powerful turning point.

From reassessing your spending and reducing debt to optimizing investments and planning for the unexpected, there are key steps you can take now to secure your future.

Let’s turn awareness into action. Click the link to read the full article on our website. https://birbariwealthmanagement.com/in-your-50s-how-to-get-ready-for-the-retirement-you-want-2/

05/29/2025

With the Liberals remaining in power, Canadian seniors may see a 25% reduction in RRIF minimum withdrawals for 2025, giving retirees more flexibility in how and when they draw from their savings.

This comes alongside a proposed 1% tax rate cut for the lowest income bracket, potentially saving taxpayers up to $412.

Markets may be volatile, but smart planning doesn’t have to be. Now’s the time to revisit your RRIF strategy for the year.

Click the link to read the full article on our website: https://tinyurl.com/3fu3yxvz

05/15/2025

As Warren Buffett steps down as CEO of Berkshire Hathaway, we’re sharing some of his most timeless insights on investing, patience, and long-term thinking.

Click the link to read the full article on our website: https://birbariwealthmanagement.com/latest-news/

04/09/2025

Today we're introducing you to our Associate Wealth Advisor, Phil Ponikvar!

I joined the Birbari Wealth Management team in 2024 after beginning my career in public accounting. I spent 4 years with Deloitte where I enjoyed 2 years in audit, followed by 2 years in tax. This experience allowed me to develop a sound foundation in financial systems, tax planning, and financial planning. I am also a Chartered Professional Accountant (CPA), having earned my designation in early 2024.

I graduated from McMaster University with a major in accounting, and it was during my time in public accounting that I realized my passion for wealth management. I wanted to be part of something where my clients could truly appreciate and feel the difference in their financial lives. I believe there’s significant potential when optimizing personal finances which can only be achieved through building strong connections, understanding individual circumstances, and delivering tailored advice to help clients reach their goals.

I grew up in Burlington, where I still live today. When I’m not working, you’ll likely find me supporting the Buffalo Bills or spending quality time with friends and family.

03/26/2025

While the current environment is rife with uncertainty over US policy and how this will impact global economies and markets, the reality is that no one knows yet exactly how this will play out or how long it will last. Making large adjustments to a portfolio in such an environment is likely to be a mistake.

Markets typically correct multiple times during a bull market cycle. Drawdowns of 5%, 10% or even 15% happen often and are considered a healthy way to remove excesses.

Staying the course, making sure that the overall investments we hold remain sound and that we are properly diversified will get us through the current challenges and out to the other side when markets eventually recover.

This information has been prepared by Jill Edmunds who is a Portfolio Manager for iA Private Wealth Inc. Opinions expressed in this article/post are those of the Portfolio Manager only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.

03/04/2025

Planning for the future of your business starts long before it's time to pass the torch. Whether it's involving the next generation in planning, navigating tax strategies, or structuring for creditor protection, proactive succession planning ensures a smooth transition and maximizes what you leave behind.

Don’t let uncertainty take control—start thinking about your plan today. Your business deserves the legacy you envision.

Click the link to read the full article and see how you can make these updates work for your wealth management plan: https://advisorstream.com/read/two-thirds-of-businesses-dont-have-a-succession-plan-heres-why-they-should/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExNzU1MTYwLCJkZXN0X2lkIjoxNDA1MTg2MywicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.0LytDEgADrthYdJTJP2bznejmi-s2ySGn8D3j7d4t-A

02/18/2025

We work with a wide range of clients with diverse goals and needs. We love when we receive compliments and reviews like this one we wanted to share with you today!

02/04/2025

New Year, New Numbers!

As we step into 2025, understanding the financial changes that matter most is key to staying ahead. From a slight boost in the RRSP limit to the unchanged TFSA contribution cap, these numbers could shape your financial strategy this year.

Plus, learn how shifts in tax brackets, OAS thresholds, and CPP contributions may impact your bottom line.

Click the link to read the full article and see how you can make these updates work for your wealth management plan: https://advisorstream.com/read/the-new-2025-cra-numbers-tax-brackets-cpp-rrsp-and-tfsa-limits-and-more/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExMzUwMjQ2LCJkZXN0X2lkIjoxMzYxMzE1NSwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.14rbEllXjLuT-36P5wv-MkFULR0QLVKiic83XasQuu8

12/16/2024

Divorce is never easy, and the financial challenges it brings can be just as impactful as the emotional ones.

There are key steps to navigate these complexities, from gaining a clear understanding of your financial situation to updating beneficiaries and dealing with shared assets like the family home. Professional advice plays a critical role in ensuring a smooth transition, whether it’s working with an investment advisor to revise financial goals or assembling a team of professionals to guide your path to financial independence.

12/05/2024

Deciding whether to gift assets during your lifetime or leave them as an inheritance is a deeply personal choice that balances financial strategy with emotional considerations.

Many of our clients will face this dilemma at one point or another where we help them weigh these factors and map out the outcomes.

Gifting early lets you witness the impact of your generosity, whether it’s helping loved ones buy a home, fund education, or giving to a charity near to your heart. But it’s not without risks—financial uncertainty, tax complications, among others are all important factors to consider. Striking the right balance is key.

Ready to explore what works best for you? Let’s talk about how to integrate gifting into your estate plan.

Click here to read full article from Forbes. https://advisorstream.com/read/forbes/money/should-you-give-away-an-inheritance-while-youre-still-alive/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExMzk1NDQ3LCJkZXN0X2lkIjoxMzY1NTc1NywicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.OFfgoq5cqWOe-TIZfvcSZJRhLxldqzWPn4nQrs9DLW8

05/03/2023

University and college graduations are just around the corner. If funds remain in your Registered Education Savings Plan (RESP) after your child graduates, you have a couple of options available to you.

If you have another child, you can use the remaining RESP funds to pay for their education – even without a family plan. Also, you can keep the RESP open for 35 years after it was established, in case a child returns to school.

If you close the RESP, you get back your original contributions tax-free and return any grant money to the government. You receive the plan’s earnings as an Accumulated Income Payment (AIP), and it’s heavily taxed – first as regular income and second as a penalty of 20% (12% for Quebec residents).

However, you can transfer up to $50,000 of the AIP to your or your spouse’s Registered Retirement Savings Plan (RRSP), which defers the tax as regular income and avoids the penalty tax. If you don’t have contribution room, you could stop making RRSP contributions until you create enough room for the transfer.

Address

3465 Rebecca Street, Suite 210
Oakville, ON
L6L0H3

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://birbariwealthmanagement.com/

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