Travis Hebert

08/07/2025

Pleased to share that I’ve officially earned the Chartered Investment Manager (CIM®) designation from the Canadian Securities Institute!

The CIM® designation is a key regulatory requirement for providing discretionary portfolio management and advising on managed accounts. It reflects advanced proficiency in investment analysis, asset allocation, portfolio construction, and risk management.

I look forward to applying these insights and managing client portfolios with precision, discipline, and alignment to their long-term goals.

06/02/2025

I'm happy to share that I've completed my Advanced Investment Strategies course and obtained my Certificate in Advanced Investment Advice from the Canadian Securities Course!

04/24/2025

Thanks for the coffee, Ryan!

Ever feel like the way we’re taught to manage money might be… a bit outdated? That was one of the most intriguing things I took away from my 1-on-1 with Travis Hebert from Precedence Private Wealth and one thing that really stood out was how important structure is when it comes to personal finan...

02/02/2025

🚨 Capital Gains Tax Update: Government Delays Inclusion Rate Increase! 🚨

The Government of Canada has officially deferred the planned capital gains inclusion rate increase. Originally set for June 25, 2024, the increase will now take effect on January 1, 2026—giving individuals and businesses more time to plan.

However, this delay comes at a cost to those who have already triggered gains and paid tax under the assumption that the changes were imminent.

Key Updates:
📌 Capital Gains Inclusion Rate Increase: Rising from 50% to 66.67% on January 1, 2026
📌 Individuals: Affects annual capital gains above $250,000
📌 Corporations & Trusts: Applies to all capital gains
📌 Legislation Pending: The government will introduce formal legislation to solidify these changes

🔔 What does this mean for your financial strategy? Watch now to learn how this impacts tax planning and what steps you should consider before 2026.

💬 Have questions? Drop them in the comments or reach out to our team!

https://youtu.be/dnr2LAjJ230?si=La2c1YG5bt-zInnB

01/10/2025

🚨 Justin Trudeau Resignation and Its Impact on Capital Gains 🚨

With Justin Trudeau's resignation, Canadians are left wondering about the future of the proposed changes to the Capital Gains Inclusion Rate.

As outlined in the federal government’s 2024–2025 budget, an increase in the inclusion rate to 66 2/3% was proposed. This change would affect capital gains earned by corporations, trusts, and individuals with annual capital gains exceeding $250,000, starting June 25, 2024.

However, the motion—first introduced in April 2024—has not yet passed into legislation or received Royal Assent.

So, where does this leave taxpayers?

While no legislation has been finalized, the Canada Revenue Agency (CRA) often administers previously proposed rules during prorogation. This means taxpayers are still required to report under these proposed rules until Parliament decides otherwise. If the bill isn’t reinstated, the CRA would cease requiring compliance with the new inclusion rate.

At Precedence Private Wealth, we’re keeping a close eye on this evolving situation to ensure our clients stay informed and prepared.

💡 Have questions about how these changes might impact your financial plans? Reach out to our team for personalized guidance.

12/19/2024

💼 RRSP Meltdown Strategies: Optimize Your Future!

Did you know there are advanced strategies to minimize your long-term tax burden and maximize benefits like Old Age Security (OAS)? At Precedence Private Wealth, we go beyond traditional methods to help you achieve financial peace of mind with RRSP meltdown strategies and more.

🌟 Why Choose Us?
✔️ Proactive audit preparation saves you time and stress
✔️ Proven, transparent, and compliant strategies you can trust
✔️ Clear visibility into your financial future
✔️ Tailored solutions designed for YOUR goals

Don’t let tax inefficiencies or missed benefits hold you back. Contact us today to learn how we can help you take control of your financial future.

11/13/2024

Did you know there are advanced financial strategies that can help you pay your mortgage off faster without changing your mortgage payment?

My colleague, Todd, made an informative video that explains how we accomplish this.

Please send me a message if you are interested in a personalized illustration.

https://youtu.be/8C1OAoaFk-M?si=an4O2mZG3gEuw8Pq

10/09/2024

📚🎓 As we enter that time of year when many kids are heading off to post-secondary education, two of the most common questions we receive are:

https://lnkd.in/g56FiUGg

1️⃣ What is required to make a withdrawal from an RESP?
2️⃣ How much can I withdraw?
In a follow-up video, we’ll dive deeper into RESP planning, even after your kids have started school, so be sure to watch that as well! 🔔

Here’s what you need to provide in order to make an RESP withdrawal:
✅ Student’s full name
✅ Name of the institution they are attending
✅ Program they are studying and the year
✅ Enrollment status (must be on official letterhead or include a seal)

Typically, this information will be found in:
📄 Official enrollment letter from the post-secondary institution
📄 Student’s account statement showing tuition fees for the academic year
📄 Confirmation of enrollment
❗️ Please note: Acceptance letters or admission offers won’t suffice as proof of enrollment. Official documentation is required.

There are two types of payments from the RESP:
💸 Educational Assistance Payment (EAP) – Includes growth and grants within the RESP
💸 Accumulated Income Payment (IAP) – The money you have contributed, separate from the growth and grants
👉 You can withdraw up to $8,000 in EAP during the first 13 weeks of the program. After 13 weeks, you can withdraw additional EAP (up to $28,122 for 2024). If you need more, you can withdraw with proof of education-related expenses. Remember, contributions you’ve made can be withdrawn anytime!

We’ll cover whether it’s better to withdraw more than the maximum in our next video, so stay tuned!

💬 Have any questions or need help with your RESP withdrawal? Feel free to reach out, we’re here to assist!

Wondering how to make withdrawals from your RESP as your kids head to post-secondary education? In this video, we’ll explain what’s required, how much you ca...

09/18/2024

Looking to reduce taxes on your RRIF and leave more for your loved ones?

In this video, we reveal three powerful strategies to melt down your RRIF, cut estate taxes, and potentially avoid costly OAS clawbacks.

Whether it’s spending it down, creating tax deductions, or insuring your RRIF, we offer practical insights to make your retirement funds work smarter, not harder.

Don’t miss out—explore how to protect your wealth and maximize your legacy! Watch now to see options that could save you thousands.

Looking to reduce taxes on your RRIF and leave more for your loved ones? In this video, we’ll reveal three powerful strategies to melt down your RRIF, cut do...

09/06/2024

Blended Family Planning: Navigating the Complexities

Planning for blended families can be intricate, emotional, and multifaceted. Many blended families wish to ensure that their spouse enjoys the family home, pension, savings, and RRIF assets, while also making sure their own children receive their fair share of the estate.

Here’s a typical scenario:

Bob and Sue, both previously divorced, remarried at age 45. Bob has 2 adult children, and Sue has 2 adult children. They consider all 4 children to be equal.

Scenario 1 – Early Passing

If Bob or Sue were to pass away in their 40s or 50s, the surviving spouse might enter a new relationship, potentially bringing additional step-children into the mix. If Sue leaves her assets to Bob to distribute among the 4 children upon his passing, but Bob remarries or enters a new common-law relationship, Sue’s children could end up with fewer assets, or none, if the Will is changed or assets are split among more children.

Scenario 2 – Later Passing

If Bob or Sue passes away at an older age, when remarriage or new relationships are less of a concern, there are still potential issues. Even if they agree to never change their Wills, family dynamics and relationships among the children and their spouses can complicate matters. There is a risk that the surviving spouse could be influenced to change the Will, or that the Will could be contested, leading to unexpected disputes.

Ultimately, Bob and Sue want all 4 children to inherit equally, but many variables can arise once they pass away that might be out of the surviving spouse's control.

In an upcoming post, we’ll explore strategies for blended family planning to help protect your assets and ensure fair distribution.

Send a message to learn more

09/06/2024

Celebrating Mortgage Freedom for Another Valued Client!

I'm thrilled to announce another incredible milestone for one of our esteemed clients: Mortgage Freedom through the implementation of the Tax Deductible Mortgage Strategy! On September 6, 2024, they officially achieved this significant financial accomplishment.

This journey towards financial liberation began back in April 2020 when they embarked on a strategic path towards homeownership without the weight of a mortgage. Through diligent planning of the Tax Deductible Mortgage Strategy and unwavering commitment, they've reached this incredible milestone in just four years, as opposed to their original mortgage freedom timeline of 8 years through the traditional way of paying off a mortgage. What's even more remarkable is that they achieved this without increasing their monthly payments towards their mortgage.

This achievement is a testament to their dedication and perseverance, and we couldn't be prouder to have played a part in their journey.

Congratulations to our client on this remarkable accomplishment!

08/27/2024

Navigating your finances after losing a job can be incredibly challenging, especially when it comes to handling your severance package and pension plan. Our goal is to help you make the most of these benefits while minimizing the tax impact—because, like you, we would prefer not to have to pay almost 50% in taxes if it can be avoided.

If you have a pension plan in Canada, it's crucial to understand how to maximize your benefits and explore strategies to defer or reduce taxes on your severance and pension payouts. Proper planning can make a significant difference in preserving your hard-earned money.

𝐒𝐞𝐯𝐞𝐫𝐚𝐧𝐜𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: Depending on your circumstances, there may be options to spread out your severance payments to reduce your tax burden. This is especially important if you're nearing retirement age or have other sources of income.

𝐏𝐞𝐧𝐬𝐢𝐨𝐧 𝐏𝐥𝐚𝐧 𝐎𝐩𝐭𝐢𝐨𝐧𝐬: With pension plans, particularly those similar to General Motors in Canada, you have several choices. We can explore whether it's beneficial for you to transfer your pension to a locked-in retirement account (LIRA) or consider other avenues to minimize immediate tax consequences.

𝐑𝐑𝐒𝐏 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬: If you have RRSP contribution room available, this could be an effective way to shelter some of your severance or pension funds from immediate taxation

𝐓𝐚𝐱 𝐃𝐞𝐟𝐞𝐫𝐫𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: We can look at strategies to defer taxes on your lump-sum payments, ensuring that you're only taxed at a lower rate in future years.

𝐅𝐥𝐨𝐰-𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐒𝐡𝐚𝐫𝐞𝐬 𝐎𝐩𝐭𝐢𝐨𝐧𝐬: Flow-through shares in Canada might offer significant tax advantages, especially for those looking to invest in resource sectors. These shares can provide deductions that help offset the tax impact of your severance or pension payouts.

𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐎𝐩𝐭𝐢𝐨𝐧𝐬: Insurance options can be complicated. We can help ensure that the severance insurance options are fully understood and confirm whether they match your current needs. It's important to recognize that the severance insurance options are not your only choices, and alternative solutions may be necessary if the severance package cannot fully meet your needs.

Given the complexity of these decisions and the significant tax implications, I recommend scheduling a time to review your options in detail with our Financial Planning Team and ensure that you keep as much of your money in your pocket as possible.

Send a message to learn more