facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Insights

How Retirees Can Avoid CRA Tax Shocks | Canadian Retirement Planning Thumbnail

How Retirees Can Avoid CRA Tax Shocks | Canadian Retirement Planning

Why did you owe taxes after your first year of retirement? If you retired recently and were shocked by a CRA tax bill — you’re not alone. In this video, I walk you through a real-life example of two retirees who earned the same income but had very different experiences at tax time. You'll learn why many Canadian retirees face unexpected tax bills, how your decisions about withholding taxes affect your final tax return, and simple steps to avoid CRA surprises and sleep better at night.

Read More
Avoiding Probate - Is Adding Kids to House Title a Good Idea? Thumbnail

Avoiding Probate - Is Adding Kids to House Title a Good Idea?

In this episode, Mark Walhout addresses a viewer's question about distributing their home between their sons to avoid probate. He outlines the potential risks and tax implications of adding children to the title of a property, including loss of control and legal exposure. Mark also discusses alternative strategies like using an alter ego trust to meet estate planning goals while minimizing risks. Learn what steps to take and who to consult for devising an effective estate plan.

Read More