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Living longer, Trade wars, Personal tax and Why Kawhi Leonard should stay!

Quarterly Commentary – July 4, 2019 – Brendan Greenwood CIM, B.Comm

Living longer and what that means for your money

Good news! We’re living longer. And equity exposure is becoming more important in accumulating sufficient wealth to maintain our lifestyles. But having greater equity exposure in our portfolio means we have to find creative ways to manage that increased risk!

Trade wars and where we stand today

In global news, trade talks between the world’s two biggest economies continue, but don’t appear to be moving in one direction or the other. It will take time for the impact of this trade war to be felt. The markets have continued to rally, as the feds have signalled, they may cut interest rates at the end of July.

Personal Tax - The Big Four!

Are you taking advantage of all tax deductions available to you? Here are the big four to keep in mind:

- RRSP deduction

- Split-pension deduction

- Child-care expenses

- Employment expenses

Tax and risk of injury (disability) may impact superstar Kawhai Leonard’s choice on whether to stay in Toronto

Kawhai is back in Canuck land and possibly negotiating a new deal with the Toronto Raptors. Tim Cestnick has 11 million reasons for Kawahi Leonard to stay! Taxes and managing risk of injury matter!

To sum it up: Over the next four years, you could take home as much as US$80.6-million playing for the Raptors and structuring your signing bonus and tax residency properly, while you’d take home US$69.6-million playing in Los Angeles facing taxes as a California resident. That’s an US$11-million potential benefit for playing in Toronto.

Source: The Globe and Mail

Brendan Greenwood is an Investment Advisor with Worldsource Securities focused on personal pension strategies and leveraging technology to provide progressive institutional style investment solutions for professionally incorporated individual, business owners, tech professionals and retirees.

For articles I’ve authored on various subjects impacting business owners and investors, see the link to my blog below:

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Neither Brendan Greenwood nor Worldsource Securities Inc or its affiliates provide tax, legal or accounting advice. This material is based on the perspectives and opinions of the writer only and does not necessarily reflect views of Worldsource Securities Inc. The opinions or analyses expressed herein are general, and do not take into account an individual’s or entity’s specific circumstances. Investors should always consult an appropriate professional regarding their particular circumstances before acting on any of the information here. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Investments are provided through Worldsource Securities Inc., sponsoring investment dealer and Member of the Canadian Investor Protection Fund and of the Investment Industry Regulatory Organization of Canada.

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