The Rob Tetrault Show

What is an employee stock option plan? It’s a plan where a firm will allow employees to buy shares of their company through their payroll, effectively taking some money off every single month off your paycheck, going directly to buy outstanding units of shares. Generally, a company will float additional units for this purpose. They'll know how many staff are doing this. They will issue shares and then you get to buy them.

Whether we're talking about the stock market or we're talking about private corporations, dividends are ways for corporations to distribute profits to the shareholders and unit holders. Typically, you'll pay yourself a salary. You might also pay yourself a dividend, and the dividends are traditionally Canadian eligible dividends and those are traditionally very tax efficient.

Paul: We're back with our guest host, Rob Tetrault. He's head of the Tetrault Wealth Advisory Group at Canaccord Genuity in Winnipeg. He's on a trip to Toronto; we get to talk to him when he comes to Toronto. You want to talk about real estate investing, and you're not talking about publicly traded REITs – for many Canadian investors, that is what investing in real estate is.

Rob: Why should you get life insurance? Today I’m chatting with you with none other than our Senior Wealth and Estate Planner, Mr. Adam Buss. First of all, tell me about the different types of life insurance that exist. Obviously, the question today is why should you own life insurance?   Adam: Well, there's two major types of insurance that we'll kind of cover. There is term insurance and there is permanent insurance and there are a variety of different contracts under each of those.

Rob: I think you're dead on here. When I speak to clients, it's often they're confused. They'll have the cash or GICs in there in the savings account. We bring it over, we build the portfolio, we'll build their risk tolerance, asset allocation and of that we will take, as you mentioned, the emerging markets or the growth stocks or whatever's going to grow. or we'll take, you know, if we have a high yielding debt instrument that is taxable, that could also potentially go into TFSA.

Rob: Financial planning; why it makes sense for you, what to make sure you have, and what are the pitfalls to avoid? I'm here with Adam Buss. He's a CFP wizard with this kind of stuff. Senior Wealth and Estate Planner here at Canaccord Genuity Wealth Management. Adam, thanks for being here. Adam: Thanks for having me, Rob. Rob: All right. Adam financial plans. Who needs to have a financial plan?

Rob: Hey guys, today we're talking about the RESP grant, how it works, when it makes sense, how much you can get, what the limits are, and how to take advantage of it. Adam: Thanks for having me again. Rob: Alright, RESP grants. Adam, first of all, how do they work? What's the basic percentage and what do you get when you make an RESP contribution? Or first of all, what is an RESP?

Rob: If you're a healthcare provider in Manitoba, this is for you. I'm Rob Tétrault, here with Adam Buss here at Canaccord Genuity Wealth Management. Adam, thanks for coming today. Adam: Thanks for having me, Rob. Rob: You are the pension expert, so I'm super thrilled to have you here. You've seen a ton of these. We're going to have a good time today talking about these Manitoba health care provider pensions. All right Adam, first of all – HEB and HEPP. A bit of a tongue twister.

Rob: Corporate owned life insurance is a neat way to save some taxes inside of your corporation while also protecting any and all risk inside your corporation. I'm Rob Tétrault from robtetrault.com, head of the Tétrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. This is Adam Buss. He's a really smart guy and we're thrilled to have him here. Adam: Thanks for having me. Rob: A bit of a superstar. All right, Adam - corporately owned insurance. Where do we begin?

What is a proper asset allocation? We've talked about this in another podcast before. Feel free to check it out if you want to understand what your asset allocation should be. It starts there. It starts with asset allocation.

Rob: Critical illness and disability insurance can be a very neat way to protect a very significant risk for a lot of Canadians out there. I'm Rob Tétrault from robtetrault.com, Head of the Tétrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. With me today, I have Adam Buss. Thanks for being here today, Adam. Adam: Thanks for having me. Rob

Hey guys, I'm Rob Tétrault from robtetrault.com, head of the Tetrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. I am pumped today. We've got a fantastic guest. Good buddy of mine, Cam Goodnough, CEO of Timbercreek Financial. I mean we tried to get someone else, but he's good enough for now. That's a joke. We're thrilled to have you here Cam.

This is something that some folks struggle with. You're borrowing to invest. Are you going to make more in the investment world than you're paying off in your interest? We advise people on leveraging and whether it is something they should be doing. If it's something you want to talk about, please go to speaktorob.com, and we'll book a free, no obligation consultation call to give you some peace of mind on that topic.

You want to avoid putting the wrong type of investments in an RRSP. You’ll end up paying a fee and you’ll have to pull the money out. There's consequences and taxes on that because CRA doesn't like it. Let’s look at what you can and can't put in there. If you received a letter from CRA and you don't know what to do, please go to speaktorob.com, fill out the form. We will schedule a no obligation strategy call to hopefully put your mind at ease.

Canada, unlike the U.S., does not have an inheritance tax. In the U.S., the inheritance tax you’ll end up paying depends on your income and where the beneficiary lives. In Canada, there could be some estate administrative taxes or some probate fees charged on the estate which affects the bottom line inheritance. There will be taxes paid on death by the estate, but there are actually no inheritance taxes for the beneficiaries.