Rahim Dossa - IG Wealth Management

10/27/2021

A few weeks ago, I held a virtual seminar teaching attendees the basics of Taxes and Retirement and going over ways to help them keep the most of their retirement earnings. We went over how government and personal investment plans affect retirement and different ways to tax-efficiently withdraw income.

If you are overpaying on taxes in your retirement plan and want to learn actual strategies to reduce your tax burden during retirement, click the video below!

10/21/2021

The RDSP (Registered Disability Savings Plan) is a tool that is often so underutilized by parents and grandparents of a child with a disability that can result in significant tax savings while providing financial security.

The rules governing RDSPs allow for a tax-free rollover of the proceeds of a deceased’s RRSP to an RDSP of the deceased’s child or grandchild who has an impairment in physical or mental functions, and who was financially dependent on the deceased when they passed.

The same rules apply to the proceeds of a RRIF or a pooled registered pension plan, or certain lump sums paid from an RPP.

If you would like to learn more about RDSPs and how it can benefit your child or grandchild, feel free to reach out!

10/19/2021

The pandemic has affected Canadians’ financial goals and how they plan to achieve them. Clients are reaching out to me more regularly wanting to discuss retirement planning, overall health and well-being, and inheritance planning.

I know what keeps people up at night as they think about income for the next 10-15 years: health issues, inflation, market fluctuations, and running out of money.

We are here to help you make sense of your financial situation and to help you achieve true financial well-being. If I can shed some light on your financial planning goals and how to achieve them, please reach out!

07/15/2021

Join us for an exciting Experience Canada Series virtual event: The Art of Mixology with El Beso on Thursday, August 12th, 2021.

Located in central downtown Edmonton, El Beso (the Kiss) is one of YEG's hottest Mexican dining experiences with a mouthwatering menu and extensive list of hand picked tequila and mezcal.

Enjoy this exclusive summer event while sipping your favourite beverage and learn the story of the El Beso restaurant and bar, whose roots began in Tulum, Mexico. See mixology best practices from a world-class bartender (both alcoholic and non-alcoholic options) and have a truly entertaining evening filled with tips and food pairings. If you would like to reserve your spot for this cant miss summer event along with some goodies to enjoy during the event, please reach out!

06/28/2021

For those who borrow to invest, the ability to write off interest on that loan come tax season is heavily relied on. If you borrow funds either for the purpose of investing or for your business, from non-arm’s length parties, you should pay particularly close attention to the interest rate on the loan. If the Canada Revenue Agency deems the interest rate unreasonable, the CRA could take steps to challenge the deductibility of the interest paid.

Under the Income Tax Act, investors who borrow money for the purpose of earning investment or business income can deduct the interest they pay on that debt for tax purposes. The Supreme Court of Canada has previously laid out the four requirements that must be met in order for interest to be tax deductible:
-The amount must be paid (or payable) in the year
- It must be paid pursuant to a legal obligation to pay interest on borrowed money
- The borrowed money must be used for the purpose of earning income from a business or property
- The amount of interest paid must be reasonable

06/22/2021

Trusted Contact Persons: Providing peace of mind as you age

With an increasingly aging population, issues around providing services, including financial advice to seniors, are becoming more important. While attention is often focused on funding retirement and wealth transfer to the next generation, susceptibility to fraud often goes unnoticed.

The Government of Canada describes fraud as being the number one crime against seniors. This is why having a trusted contact person is extremely helpful in these situations.

A Trusted Contact Person is just how it sounds – a person you trust for your financial advisor to contact if they fear you are experiencing financial abuse or exploitation or, more generally, if poor financial decisions are being made that are out of character. This contact person does not replace your attorney under a Power of Attorney, nor do they have control over, or access to, your finances. They are simply a “second set of eyes” to ensure that you are properly protected as you age.

06/09/2021

The meme-stock fad has struck again and this time rallying behind a peculiar sector...prisons.

Retail traders drove shares of Geo Group Inc. up as much as 73%. Geo Group is a company that invests in private prisons and mental health facilities. As of the close, Geo surged a record 38%. There is irony in the fact that the freedom of actual humans is at stake with Geo Group, which conflicts with the loud populist cries frequently coming from Redditors.

Just short squeeze everything!

05/13/2021

Are you prepared for all the ‘what if’s’ in your financial life? Find out with our next-gen IG Living Plan. Let's collaborate to test different ‘what if’ scenarios and see the impacts on your financial plan immediately.

https://www.ig.ca/en/why-us/living-plan?cid=catch:orgsoc:li:05121:0:0:20210512:0

05/10/2021

Global equities moved higher during Q1. The S&P 500, Dow Jones Industrial Average, Nasdaq Composite and Canada's S&P/TSX Composite all climbed to record highs. Find out more in our 2021 Q1 Market Summary and Outlook.

http://ow.ly/WPnd50EAYOB

Global equities moved higher during Q1. The S&P 500, Dow Jones Industrial Average, Nasdaq Composite and Canada’s S&P/TSX Composite all climbed to record highs,Global equities moved higher during Q1. The S&P 500, Dow Jones Industrial Average, Nasdaq Composite and Canada’s S&P/TSX Composite all cl...

04/20/2021

Wondering how the 2021 Federal Budget will impact you? Our Advanced Financial Planning team has created a summary with all you need to know about the measures that were introduced.

http://ow.ly/6y9t50Etezy

On Monday, April 19, 2021, Deputy Prime Minister and Minister of Finance Chrystia Freeland presented the 2021 Federal Budget which contains several measures of interest to IG Wealth Management and its clients. This summary contains highlights of these proposals, which are not yet law. Clients should...

04/15/2021

*Reducing volatility...not returns*

In a concentrated portfolio, market volatility can be very pronounced. However, when investors diversify their holdings and invest for the long term, they can offset this volatility without significantly reducing returns, and still participate in stock market growth.

As shown in the chart, in any one-year period, the returns of the S&P/TSX Composite Index have been as high as 86.9% and as low as -39.2%; a range of over 126%. This is extreme volatility. However, if investors extend their time horizon, this volatility decreases significantly.

For example, in any 10-year period, the returns of the S&P/TSX have been as high as 19.5% and as low as 2.8%; a range of only 16.7%. This volatility is offset even further with a more diversified portfolio as shown

04/14/2021

GOLF FANS!! Fresh off the conclusion of The Masters, IG Wealth Management is extremely excited to present "David Feherty Live: Stories from the 19th hole" on Thursday, May 13th, 2021.

We are thrilled to sit down for a 60-minute candid conversation with golf legend, broadcaster and best-selling author David Feherty. Join us as we hear the one-of-a-kind stories David shares from his experiences on the PGA Tour, his work on NBC Sports and the Golf Channel and everything in between! David’s charm brings you behind the scenes of his greatest projects.

As part of this free event, you and a friend will also receive a 1 hour golf simulator session with over 90 golf courses to choose from at no extra cost. If you would like to attend this exciting event which will be a great way to start the golf season, please reach out!