Father of 2 boys, BeFi fan. Simplified implementation is my favorite part of financial planning. opinions my own and not advice.
Joined March 2022
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- Following588
- Followers493
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Cameron Smith retweeted
"Wealthsimple charges a 1% annual management fee on private market assets"
But
You definitely don't pay a "% of your assets under management" advisor fee though!
Cameron Smith retweeted
I can't help but notice and reflect on the phase out rate (aka clawback) of the Groceries and Essentials Benefit Supplement.
I need to think about this... but if I understand it correctly and that supplement is an additional phase-out rate, then there are some pretty hefty effective marginal tax rate clawbacks that impact people across every different income threshold.
I "think" I read this as the regular CGEB get's a 5% phase out and the supplement get's a 15% phase out.
That's 20% of effective marginal tax clawback on household income above $46,432.
That doesn't include other clawbacks like trillium, Canada Child Benefit, etc.
We may see a record for new "highest effective marginal tax rate" in the near future.
Cameron Smith retweeted
Budget 2026:
The proposed “RRSP for life” would combine RRSPs and RRIFs, so you would no longer have to convert your RRSP at 71.
Required withdrawals would still begin after age 71.
This would simplify the account structure but it would not let retirees keep all their retirement savings sheltered indefinitely.
The draft also keeps the restriction on contributions after 71.
For couples, the proposal would allow a spouse or common-law partner to become the account’s successor holder after death.
It also aims to simplify direct tax-free transfers to qualifying survivors.
If you aren’t already following Aaron, now is a great time to. He’ll breakdown the Canadian budget better than anyone else… follow along and you’ll see.
No pressure Aaron.
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Cameron Smith retweeted
Our recent post where we explained how we could determine the 2027 indexed amounts a month ahead of the Government announcement was shared today by @FP_Collective_
2027 Canadian Federal Tax Brackets & Indexed Amounts
by Aaron Hector
fpcollective.ca/2027-canadia…
The amount of South Side High School wrestling fans who asked me where did I get the shirt and why I’m not wearing a costume was staggering. #cylclonefever
Cameron Smith retweeted
Sports gambling and legalized online gambling has been extremely detrimental to young men and fathers in Canada.
Here are some alarming statistics that everyone needs to be aware of...
👇🏻
Happy fiscal year end to all the bank advisors out there. Get out there and jin up some last minute revenue.
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Saddened by the news. With all that France has been going through, losing one of their greats is tough.
Build the French Mount Rushmore, inspire the world.
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Cameron Smith retweeted
Women have only had the ability to independently manage their finances for a relatively short time. Julia Chung (@JuliaChungFP) explains how that history can help us understand the financial anxiety some women still experience today.
Cameron Smith retweeted
Canadian Corporate Tax Explained: How Integration Works
by Jason Pereira
fpcollective.ca/canadian-cor…
Cameron Smith retweeted
I am a financial advisor for some of the wealthiest millennials in Canada and almost without exception they have...
1. Maxed out their RRSPs
2. Maxed out their TFSAs
3. Life insurance
4. RESPs
5. 1 asset allocation fund
It's simple, because thats what works.
Cameron Smith retweeted
Canadian Corporate Tax Explained: How Integration Works
If you own a Canadian corporation and nobody has ever walked you through how Canadian corporate tax actually works, start here. This is the foundation for everything else on corporate tax planning.
youtu.be/ZfS2johugHY?si=jOsh…
Cameron Smith retweeted
Why Retirement Planning Shouldn’t Start With a Magic Number
by Preet Banerjee
fpcollective.ca/why-retireme…
When I was younger I used to put on my winter coat for the first time hoping to find $20 or something cool. At 40 with kids I just find a half finished pack of gummies and a wet nap.
What a time to be alive.
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Cameron Smith retweeted
The most powerful man in the world is missing something. This is truly just head-shakingly narcissistic. Not sure how even the cult members can defend this (except by the ever-popular “what about Biden?” Or “he’s just trolling Norway”)
This is a deeply disturbed individual.
Trump just had a massive meltdown over losing the Nobel Peace Prize to South African anti-apartheid jurist Navi Pillay.
Trump attacked Pillay, admitted he knows nothing about her, claimed he deserves EIGHT Nobel Peace Prizes, took credit for preventing wars around the world, and declared that the actual award is an “indelible stain on Norway” that “will never be forgotten.”
What a sick and pathetic individual.
