May 21 CE Summits: New Strategies for Retirement & Estate Planning 2025

8:15 AM Central

LOG INTO ZOOM - WELCOME AND INTRODUCTORY COMMENTS

8:30 – 9:45 AM

EVELYN JACKS

MFA™, MFA-P™, DMA™, RWM™, FDFS™

FEDERAL BUDGET OVERVIEW:  30 TAX CHANGES TO KNOW

30 TAX CHANGES TO KNOW FOR 2025

Learn with true-to-life examples, and a focus on decision-making especially focused on investment, retirement, succession and estate planning.

The most recent federal tax and economic news, as initiated by Canada’s newly mandated government, will be deciphered in detail in this session. The focus will be on the preservation of income and capital in retirement and estate planning post tax season.  Over 30 tax changes are anticipated for 2025 and beyond; learn tips and traps for tax planning with capital gains transactions before the new June 2, 2025 filing deadline, discuss new taxes on high earners and in particular real estate owners, crypto currency investors, and help business owners and their successors avoid surprises transitioning their companies.

9:45 - 9:55 AM

COMMUNICATIONS BREAK

10:00 – 10:30 AM

EVELYN JACKS

MFA™, MFA-P™, DMA™, RWM™, FDFS™

10:30 – 11:15 AM

DOUG NELSON

B.Comm(hons), CFP, CLU, MFA™, CIM, RWM™, FDFS™

NEW PRINICIPLES FOR RETIRMENT PLANNING FOR A RECESSIONARY FUTURE

This session begins with a discussion on the elements of retirement planning in three distinct stages of wealth building:  pre-retirement (18 to 65), during retirement (65 plus)  and post-retirement (survivor planning).  Evelyn Jacks and Doug Nelson will discuss the mapping of assets and resulting income available in three extraordinary true-to-life experiences.

Then, from a portfolio management point of view, in this climate of uncertainty, volatility  and rising taxes, Doug Nelson will discuss what new strategies can be employed to de-accumulate and circulate tax efficient dollars within the family to regenerate family wealth within a slow growth or recessionary environment.

11:15 – 11:30 AM

COMMUNICATIONS BREAK

11:30 – 12:30  PM

RETIREMENT INCOME PLANNING FOR SMALL BUSINESS OWNERS

Know Your Business Client, Better.  Advising business owners can be hugely rewarding. But for entrepreneurs of all ages, there are new challenges in a most uncertain economic environment that is affecting valuations, retirement readiness and ability. Further, potential business buyers and successors face hurdles in growing these acquired businesses to the next level.

In this impactful session you will be challenged to think about strategies in pre-retirement that set up the diversity of investments needed to diversity away as much risk as possible in order to have the most choices later.  This involves carefully managing capital encroachment between 55-70 with options to income split and average income to mitigate taxes.  It also requires the management of the 20 plus retirement years from age 70 onward, with a view of plenty rather than scarcity. The following case studies will be discussed in planning with clients:

• New Entrepreneurs: What is the best way to accumulate wealth in the business over time, deal with passive income rules inside a corporation to ensure a low corporate tax rate and plan the optimal salary/dividend/bonus scenario to maximize contribution to the Canada Pension Plan and Registered Retirement Savings Plans.
• GenX and Boomers: These portfolios will need to generate more after-tax returns to plan for inflation, given some of the provincial tax changes and return of bracket creep in at least one of them – Manitoba. Consider how to average down the taxes on accumulations in both registered and non-registered pension income with a sharper focus on multi-generational and community sharing.
• Millennials and Gen Z: Help clients make sound choices on how to best accumulate wealth inside personal financial portfolios for the whole family. Learn how qualify for the new Canadian Entrepreneur’s Incentive ($2 Million) as well as the opportunities for using insurance to manage risk.
• Professionals and Business Owners: The deaccumulation of retained earnings has earned a reprieve with the elimination of the capital gains inclusion rate increases. What is the best way to extract money from a professional practice now and use family income splitting to the advantage of an overall retirement income plan for a professional?

12:30 – 1:00

LUNCH BREAK

1:00 – 2:30  PM

CAROL WILLES, MBA, LLM, TEP, FDFS™

POST-MORTEM PLANNING

Part 1 – Planning with Bare Trusts.  Bare trusts have been the subject of extensive filing controversies over the past several years.  They have been commonly used to hold family cottages and other properties, to avoid probate, or for privacy purposes. CRA did not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 or 2024 tax year, unless they make a direct request.  But, we are now well into 2025 and professionals and their clients need to know the rules and how these will impact estate planning going forward.  Learn how Bare Trusts differ from others, the penalties for non-compliance and what can be done to ensure planning with clients stays onside.

2:30 – 2:45  AFTERNOON BREAK

2:45 – 3:30 PM

RUTH HORST,

B.A. (Honours), FDFS™

Part 2 -  Filing T3 Returns for a Death in the Family.  There are many options to consider to reduce taxes on the death of a loved one.  What is reported on the final return?  The GRE?  The Elective Returns?  Learn how to consider the advantages reporting income, deductions and credits like charitable donations on an individual’s Final Return, Elective Returns, GRE and Other Testamentary Trusts.  What can be done to crystalize gains on deemed disposition at death – or before death - when a couple faces a terminal illness, and maximize the transfer of registered and non-registered assets.

3:30 – 4:00 PM

THE SOCIETY OF RWM™

ROUND TABLE

THE WRAP-UP  SIGNIFICANT WEALTH PLANNING OPPORTUNITIES -  2025

Armed with the powerful new knowledge and skills acquired in this CE Summit, our panel will discuss true-to-life issues and answers that arise out of expectations from the new Canadian government and those meaty provincial budgets that have changed the after-tax results for your clients.

4:00 – 4:05 PM

CLOSING REMARKS AND PRIZE GIVE AWAY