9 Generous Ways to Use CPP Benefits
Most successful people don't need the money from their CPP benefits to pay their bills.
My latest article explains tax-friendly ways to use government-supplied pension benefits for charitable purposes.
WHAT ARE YOU DOING AT NOON THIS THURSDAY ?
Join us for this special event (150 people already registered!)
How Do I Talk To My Clients About Charitable Giving?
That’s the title of an upcoming webinar co-presented by the developers of the MFA-P™ Designation program: Knowledge Bureau, Canadian Association of Gift Planners (CAGP) and Spire Philanthropy.
The free event is for advisors who recognize the value of discussing charitable giving with their clients but aren’t sure how to approach it or what to say.
It will be moderated by Brad Offman and include presentations by four specialists in charitable giving, all holders of the MFA-P designation: Serena Hak, Brad Offman, Michael Flux and yours truly.
We will provide highly practical approaches to raising the topic of charitable giving
Do good and do well.
Register here
“Swerve To Avoid Tax Hikes Ahead”
Congrats to my older brother Jeff Halpern
Congrats to my older brother Jeff Halpern, Business Succession Advisor at TD Bank, recognized yesterday as Volunteer Of The Year by STEP Toronto (Society Of Trust & Estate Practitioners)!!!
STEP is a global professional body, comprised of lawyers, accountants, trustees, insurance advisors and other practitioners that help HNW families with complex tax and estate planning plan
What a great accomplishment Jeff and very proud of you!
It’s April 30th - Personal tax returns (and payments) are due today
Next year will be so much simpler now that the government announced this new simplified tax form with only one question!
We love helping clients keep their taxes for family and the charities they are passionate about
Happy to show you how
Philanthropic Strategies Shared
Toronto-based Creative Planning Financial Group invited me to share Philanthropic strategies with their partners and associates last week.
I explained many powerful strategies we use to help clients leave a lasting legacy while supporting the charitable causes they care about, often by converting taxes to generous charitable gifts.
We covered CPP Philanthropy™, GiftMAXIMIZER™, PolicyPRESERVER™, Private Company Share Donation Strategy, Flow Through Shares, Donor Advised Funds, Leveraged Charitable Arrangements and more.
My interview yesterday with Jeff Andreas of CHNL radio
Jeff Andreas of CHNL radio in Kamloops B.C. interviewed me yesterday on his NL Newsday show.
Our 16 minute conversation focused on Philanthropy and how people want to be remembered.
That may sound pretty morbid - our talk was anything but.
Video of my Recent Interview With Brian Crombie
I was recently interviewed by radio host Brian Crombie of CKNT “Sauga 960” on the subject of Philanthropy.
We covered a lot of ground, including a discussion of tax-efficient strategies for people to be generous (and a lot of personal anecdotes).
A video of the show is now available at our YouTube channel.
Check your finances just as you’d visit the doctor
Investor’s Digest of Canada published my article “Check your finances just as you’d visit the doctor”.
It explains the importance of understanding the details of insurance policies you currently own, and presents several important planning opportunities to consider now.
Despite 30 years of professional practice it continues to amaze me that so many successful people don’t know what they own until it’s brought to their attention, and sometimes it’s an ugly surprise.
All In the Family - Make A Family Participation Plan
The TaxLetter® just published “All In the Family - Make A Family Participation Plan”
It explains the importance of family dynamics, and why a well-articulated participation plan can ensure family harmony and drama-free intergenerational wealth transitions.
The article describes some current best practices in estate planning and explains a strategy to acquire life insurance without tying up company money.
With more than $1.5 trillion in assets expected to change hands during the next 10 years, and most businesses wholly unprepared for succession, there has never been a better time to begin the discussion or update existing planning.
“Why Philanthropy is a Good Investment: It’s not always obvious”.
“Why Philanthropy is a Good Investment: It’s not always obvious”.
That’s the title of my recently published article in the Spring 2021 issue of Total Finance Magazine, Canada’s magazine for financial executives.
It describes several giving strategies and explains the accompanying financial benefits available to generous people.
Joining the newly formed Professional Advisor Task Force at St. Michael’s Hospital Foundation.
Delighted to announce I’ve been asked to join the newly formed Professional Advisor Task Force at St. Michael’s Hospital Foundation.
My dear friend and fellow MFA-P Mike Flux of Connor, Clark & Lunn Private Capital Ltd., a dedicated, long-time St. Michael’s donor and volunteer, is spearheading this important initiative.
Insurance Claims Paid
Over 30 years of professional practice I’ve been telling clients to get Critical Illness Insurance and Long Tern Disability Insurance as part of their protection portfolio.
Why? There is a 5 x greater likelihood of getting sick before age 65 versus dying.
I have had 19 Critical Illness claims to date, thank G-d only one of the claimants died and not one of my client claims has ever been denied.
Future Attractions. When and How Much?
That’s the title of my latest article published in The TaxLetter®
It recognizes significant tax increases ahead and presents several opportunities to preserve wealth and lessen the tax bite now.
LinkedIn Team Work
Eli, my eldest son’s best friend, graduated 6 months ago from York U
He was desperately seeking his 1st job in an accounting firm and was losing hope.
I told him to select 20-30 CPAs from my LinkedIn contacts and send a message saying he was my family friend and was “looking for work”.