The Rob Tetrault Show

Let’s look at what the federal pension tax credit is all about. What kind of tax rate applies? The government allows you to claim a federal non-refundable tax credit up to 15% of the first $2,000 of pension income. What does that mean? Let's break it down.

Are you drawing on your RRSP or perhaps, you're drawing on your RRIF and you have no idea how the withholding tax works? The RRSP withholding tax to me is a very critical part that people just don't understand. Withdraw from RRSP  First, let's start with your RRSP. You have been saving, contributing and getting the deduction against your income. Now, for whatever reason you need to withdraw it. You decide to draw on your RRSP. How does it actually work?

RRSPs versus RRIFs. Most folks don’t know what the acronyms mean. RRSP is registered retirement savings plan and RRIF is registered retirement income fund. Should you convert your RRSP to a RRIF? If so, when should you do it? It's not an easy decision folks. I know first-hand people are confused. There's a lot of misinformation out there. This is something we do all the time and something we advise people on all the time.

There are a lot of different fees and misconception out there today around this topic, so hopefully we can educate you a bit and uncover the truth about mutual funds. If this is something that's top of mind for you, and you're wondering whether you should have mutual funds or not in your portfolio, simply go to speaktorob.com to book a free, no obligation consultation to give you some peace of mind and get you sleeping at night again.

Many people have paid a lot of fines because they didn't follow the rules with respect to what is a qualified investment and we're going to cover what you can and can't put in your TFSA. If this is something that's on top of mind for you and you're wondering what you can put in your TFSA and you’re not sure exactly how this works, then go to speaktorob.com.

Let’s analyze The CSSB pension, Civil Superannuation Service Board pension, and what it means as you're approaching retirement. I do a lot of these and this is a quite common request to do a pension analysis and these are not easy. So if this is something that's on your mind and something you want to look at, please go to speaktorob.com - we'll be happy to schedule a no obligation call with you at your convenience.

How can you determine if your portfolio manager is doing a good enough job with your money? It’s time to learn about time weighted versus money weighted ways of calculating returns. Not an easy concept, but one we're going to delve into today to make sure you understand how your money is working for you. Historically, mutual fund managers and portfolio managers generally refer to their performance in a time weighted return number. Time weighted effectively measures performance over time.

Shariah compliant portfolios are not an easy to create, as most people don't really know how to build them or what's forbidden in them. If this is a belief that you hold and if it's something that you value, I think it's very important to know what it entails and how to build it. And of course, what to watch for if you actually have it.

One of the most important parts of having an investment portfolio is knowing what is in that portfolio. I've seen too many people lose money because they didn't know what they own. You take a look at your statement and you're just clueless. You're baffled. You have no clue. Should that matter? Does it matter? I say yes. I've seen so many people come into my office. They show me a statement. I ask them a basic question, what do you own in your portfolio?

Today we're talking about how a sound retirement income plan can help you retire early. Pretty exciting topic and very important and crucial. This is true if you're either approaching retirement, you're young and you're preparing for retirement or even you're in retirement All right, so how to retire early with a sound financial plan. The easiest tip I can give you here is to work with an investment firm like ours that offers holistic financial planning way before you retire.

One of the tougher questions I often receive is how to invest a half million dollars. Most people have no idea where to start or what to do when they get that $500k. Today we're going to talk about it in depth. Pre-Retirement Plan If you are not retired, if you are young and you're continuing to work and these funds are meant to supplement your income at a future date, this would be what we would call a longer investment term horizon.

PAUL - You and your practice have dealt more than once with big lottery winners. What do you do with, with the people who have scored big windfalls all of a sudden like that? ROB - It depends on where we're at in the market cycle, but the first part there is the emotional advice because that becomes tough. That’s one thing we advise folks to do and then the most important thing is cash flow projection because sometimes they want to retire and they just want to stop working and retire.

Let’s discuss how to prepare or deal with an upcoming recession or a market crash. Say you’re watching BNN or CNBC and they're talking about an upcoming recession or stock market crash. You panic, you're worried about it, and you don't know what to do. First thing's first, let's remember that the market prices accurately reflect the emotion of every single human being that's investing, every single institutional investor, and every single pension plan that exists out there.

Let’s discuss flow-throughs and super flow-throughs, and how they can impact your tax situation. A lot of noise that's been made in the past 5 - 15 years about flow through shares. Let’s go back to the basics and examine the actual facts. What is a flow through share? A flow through share is a share of a common stock or common security that trades on either the venture exchange or the Toronto Stock Exchange.

Today we will be examining the top things you should consider before selling your farm or your farm land. First things first, let's take a look at the decision of whether or not you should be selling your farm in regard to your cashflow. Clearly, you've thought about the implications with respect to multi-generational legacies. Maybe your parents and your grandparents owned this farm and you have no one to sell it to in the family, or maybe you simply need the cashflow.