Birbari Wealth Management

With the Liberals remaining in power, Canadian seniors may see a 25% reduction in RRIF minimum withdrawals for 2025, giving retirees more flexibility in how and when they draw from their savings.

This comes alongside a proposed 1% tax rate cut for the lowest income bracket, potentially saving taxpayers up to $412.

Markets may be volatile, but smart planning doesn’t have to be. Now’s the time to revisit your RRIF strategy for the year.

Click the link to read the full article on our website: https://tinyurl.com/3fu3yxvz

While the current environment is rife with uncertainty over US policy and how this will impact global economies and markets, the reality is that no one knows yet exactly how this will play out or how long it will last. Making large adjustments to a portfolio in such an environment is likely to be a mistake.

Markets typically correct multiple times during a bull market cycle. Drawdowns of 5%, 10% or even 15% happen often and are considered a healthy way to remove excesses.

Staying the course, making sure that the overall investments we hold remain sound and that we are properly diversified will get us through the current challenges and out to the other side when markets eventually recover.

This information has been prepared by Jill Edmunds who is a Portfolio Manager for iA Private Wealth Inc. Opinions expressed in this article/post are those of the Portfolio Manager only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.

Planning for the future of your business starts long before it's time to pass the torch. Whether it's involving the next generation in planning, navigating tax strategies, or structuring for creditor protection, proactive succession planning ensures a smooth transition and maximizes what you leave behind.

Don’t let uncertainty take control—start thinking about your plan today. Your business deserves the legacy you envision.

Click the link to read the full article and see how you can make these updates work for your wealth management plan: https://advisorstream.com/read/two-thirds-of-businesses-dont-have-a-succession-plan-heres-why-they-should/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExNzU1MTYwLCJkZXN0X2lkIjoxNDA1MTg2MywicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.0LytDEgADrthYdJTJP2bznejmi-s2ySGn8D3j7d4t-A

We work with a wide range of clients with diverse goals and needs. We love when we receive compliments and reviews like this one we wanted to share with you today!

New Year, New Numbers!

As we step into 2025, understanding the financial changes that matter most is key to staying ahead. From a slight boost in the RRSP limit to the unchanged TFSA contribution cap, these numbers could shape your financial strategy this year.

Plus, learn how shifts in tax brackets, OAS thresholds, and CPP contributions may impact your bottom line.

Click the link to read the full article and see how you can make these updates work for your wealth management plan: https://advisorstream.com/read/the-new-2025-cra-numbers-tax-brackets-cpp-rrsp-and-tfsa-limits-and-more/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExMzUwMjQ2LCJkZXN0X2lkIjoxMzYxMzE1NSwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.14rbEllXjLuT-36P5wv-MkFULR0QLVKiic83XasQuu8

Deciding whether to gift assets during your lifetime or leave them as an inheritance is a deeply personal choice that balances financial strategy with emotional considerations.

Many of our clients will face this dilemma at one point or another where we help them weigh these factors and map out the outcomes.

Gifting early lets you witness the impact of your generosity, whether it’s helping loved ones buy a home, fund education, or giving to a charity near to your heart. But it’s not without risks—financial uncertainty, tax complications, among others are all important factors to consider. Striking the right balance is key.

Ready to explore what works best for you? Let’s talk about how to integrate gifting into your estate plan.

Click here to read full article from Forbes. https://advisorstream.com/read/forbes/money/should-you-give-away-an-inheritance-while-youre-still-alive/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo1ODk2NywicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjExMzk1NDQ3LCJkZXN0X2lkIjoxMzY1NTc1NywicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.OFfgoq5cqWOe-TIZfvcSZJRhLxldqzWPn4nQrs9DLW8