Personal Investment
Wealth is not defined by how much money you have today, but by how much you will still have tomorrow.
Prudent investment and financial planning are essential to preserve your ability to generate income and protect the wealth you have accumulated. In Canada, often called a “high-tax country,” many people feel the impact when they see their paychecks.
Therefore, effective tax planning is a crucial step in any investment strategy. By fully understanding legal tax-saving opportunities and making well-informed investment decisions, you can better safeguard your wealth for the future.
Personal Tax and Offshore Asset Planning
Many immigrants to Canada already own assets in their home countries. From the moment you become a Canadian tax resident, it is crucial to engage in strategic asset planning.
Key considerations include:
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How to legally and efficiently transfer assets to Canada while maintaining your standard of living
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How to report and manage foreign assets for Canadian tax purposes
These decisions will directly impact how much tax you may owe to the CRA in the future.
To navigate this complex process, you need a qualified financial planning advisor to help you optimize your foreign asset planning in a compliant and efficient manner.
Estate Planning
Starting a business is hard, but maintaining it is even harder. Wealth succession is not just about passing down money—it also tests the wisdom and foresight of the wealth owner.
As Hong Kong billionaire Li Ka-shing once said, he purchased HKD 100 million insurance policies for each of his children at birth, ensuring that every Li family member would start life as a millionaire.
Clearly, by strategically leveraging life insurance, trusts, wills, and bequests, you can not only preserve and grow your wealth, but also ensure that your family business and legacy thrive for generations to come.
Asset Protection
Love is about two people, but marriage is about two families. The wealthier the family, the more important it becomes to plan for asset protection. By strategically structuring insurance policies, families can achieve asset segregation and wealth succession in a way that is harmonious, discreet, and effortless. This ensures that your wealth is passed on to the intended beneficiaries, without risk of being claimed or divided by others with ulterior motives.
New Immigrant Tax Planning
Before arriving in Canada, you may have heard that Canada is a high-welfare country. However, the extensive social benefits are supported by high taxation. As a new immigrant, it is essential to understand Canada’s tax system—so you know your responsibilities and obligations, as well as the benefits you are entitled to. If you are not entirely sure, we recommend scheduling a consultation with your Funda Financial advisor to gain a clear understanding and make informed decisions.
Tax Planning for Real Estate Investment
The success of a real estate investment is not simply determined by the difference between the purchase and sale price. You also need to consider:
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Property taxes
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Transaction fees
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Renovation, maintenance, and repair costs
Additionally, during the process of passing on the property, heirs may face capital gains taxes and probate fees, which can be significant.
Therefore, before making a real estate investment, don’t forget to consult your financial advisor and carefully calculate your actual total costs.
Investment & Financial Planning
There is no one-size-fits-all approach to investment and financial planning. The best plan is one that:
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Matches your income level
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Aligns with your risk tolerance
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Ensures you have enough funds when you need them to achieve your financial goals
For this reason, it is essential to work with a professional financial planning advisor who can:
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Review and organize your asset allocation
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Provide legal and compliant tax planning
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Develop a tailored investment strategy that meets your individual needs
The Jewish people are widely recognized as one of the most business-savvy communities in the world. One strategy they often use is called “borrowing to make an egg”, which essentially means leveraging the money and wisdom of others to achieve your own goals.
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The poor mindset is to borrow money for consumption, overspending, and enjoyment. This turns the borrowed money into debt, with interest to repay, often making the borrower poorer over time.
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The wealthy mindset is to borrow money from the bank and use it to generate more income, turning the borrowed funds into assets, making them richer over time.
Simply put: to become wealthy, continually acquire assets; to become poor, continually acquire liabilities.
IFA Instant Financing is an advanced financing strategy that uses insurance policies as collateral to obtain bank credit lines. The loaned funds can be deployed by a company or individual for business operations or other investments to generate higher returns, allowing you to access significant insured assets without affecting daily cash flow.