On Saturday, March 20, 2010, I'll be speaking at a retirement planning seminar in Spruce Grove. The seminar runs from 9 a.m. to 3:30 at Norquest College (3201 - 43 Avenue). This is a popular semi-annual event that gets a good turn-out each time, though it will be my first time attending.
I'm only one of several speakers for the day and I'll speak about Wills, Enduring Powers of Attorney, Personal Directives etc. The other speakers - of which there are five or six - will cover Financial Planning for Retirement and the Changing Landscape of Retirement. This is a great opportunity to hear from some people that really know their stuff, and to chat one-on-one with a few professionals. There will be tons of up-to-date information, hand-out materials and ideas that people can put to use to plan their futures.
This session is open to the public. I'd love to see you there. There is no charge to attend and lunch is provided. To make sure that enough food and supplies are ordered, you do have to register in advance. Here is the link.
By the way, for those of you reading this who think they are too young to plan for retirement, you're not. Planning is all about starting early enough to keep your options open.
As the event is co-sponsored by the City of Spruce Grove, you can find out more by calling Family and Community Support Services (Spruce Grove) at 780-962-7618. Or you can call Francis Isaac, Financial Advisor at the Scotiabank branch in Spruce Grove, at 780-960-1942.
See you there.
Showing posts with label spruce grove. Show all posts
Showing posts with label spruce grove. Show all posts
Thursday, March 4, 2010
Wednesday, August 19, 2009
My visit to Spruce Grove
Today I spent a few hours in Spruce Grove, a town about 30 km west of Edmonton. I was at their Scotiabank branch, giving a seminar to a hand-picked group of customers who wanted to learn more about Wills, Enduring Powers of Attorney and Personal Directives. Well, that's one of my favourite topics, and as usual I had so much to say that it was tough to contain it all within the given time limits! It has been proven that I can, in fact, talk about wills, estates and elder law literally all day.
The topic that seemed to gather the most interest, questions and discussion from the group was that of taxation. We do not have inheritance tax or death tax in Canada, but that doesn't mean there is no tax hit when a person passes away. We talked about how tax will be payable on RRSPs and RRIFs on the death of the owner unless they are rolled over to an eligible person such as a spouse. We spent quite a bit of time talking about capital gains tax that arises when an owner disposes of capital property, including land, cottages and shares in private companies.
When you are doing your estate planning, make sure that you take taxation into consideration. You must always ask yourself whether there is enough money in your estate to pay the taxes that will arise. It can be disappointing and upsetting if homes or other property that was to be given to a specific person has to be sold to pay taxes. If you really don't know what your tax situation will be (or even if you think maybe you do), it's a good idea to spend some time talking to a lawyer or accountant who has experience with estate matters.
It's better to find out about potential tax problems now and make sure you provide some way of paying them after your death.
It was a beautiful day for a drive to Spruce Grove. Many thanks to the Scotiabankers out there for their hospitality and a big BIG thanks to the customers who gave up a big part of their day to sit down and talk about estate planning.
The topic that seemed to gather the most interest, questions and discussion from the group was that of taxation. We do not have inheritance tax or death tax in Canada, but that doesn't mean there is no tax hit when a person passes away. We talked about how tax will be payable on RRSPs and RRIFs on the death of the owner unless they are rolled over to an eligible person such as a spouse. We spent quite a bit of time talking about capital gains tax that arises when an owner disposes of capital property, including land, cottages and shares in private companies.
When you are doing your estate planning, make sure that you take taxation into consideration. You must always ask yourself whether there is enough money in your estate to pay the taxes that will arise. It can be disappointing and upsetting if homes or other property that was to be given to a specific person has to be sold to pay taxes. If you really don't know what your tax situation will be (or even if you think maybe you do), it's a good idea to spend some time talking to a lawyer or accountant who has experience with estate matters.
It's better to find out about potential tax problems now and make sure you provide some way of paying them after your death.
It was a beautiful day for a drive to Spruce Grove. Many thanks to the Scotiabankers out there for their hospitality and a big BIG thanks to the customers who gave up a big part of their day to sit down and talk about estate planning.
Subscribe to:
Posts (Atom)
You might also like
