VP Financial

VP Financial As a Certified Financial Planner, my objective is understanding and learning about your personal goa I love spending quality time with my family and friends.

"The future belongs to those who believe in the beauty of their dreams." -Eleanor Roosevelt

I am a Certified Financial Planner. My passion is to help people, to do what is right for my clients and work with them building a roadmap to achieve their desired goals. I feel very happy and energetic when I see my clients achieving their short term and long-term goals. For me inner peace is very importa

nt that I get by helping and getting involved, I believe the most important things are to listen, understand, educate, set viable goals and inspire. I have decade of experience in working in financial sector wore different hats through out my career. I worked as an Accounting Manager, Financial Advisor and Tax Advisor. I enjoy helping people achieving their personal and financial goals. I prepare customize plans for my clients focusing on tax planning and estate planning. I cherish giving back to community love to involve in community activity. I enjoy reading, listening to music and cherish evening walk with my family.

Tax Savings withHigh cash surrender value:Immediate Financing Arrangements (IFA) let investors capitalize heavily on an ...
10/09/2020

Tax Savings withHigh cash surrender value:
Immediate Financing Arrangements (IFA) let investors capitalize heavily on an insurance contract by paying premiums that exceed the insurance cost. “The IFA is a strategy involving a life insurance policy with high cash surrender value. Holders can offer the policy as collateral for a bank loan.

In a marketing document, the insurer explains that customers purchase a policy in which they deposit sufficient funds to accumulate major cash surrender value. They then use the policy as collateral for a line of credit at a bank. Customers can invest the amounts borrowed in a company or in an income-producing asset.

The immediate financing arrangement offers tax advantages. “Transactions are generally structured such that interest and a portion of the premium are deductible in income calculation. The loan need not be repaid until death. The dividend account will be credited for the death benefit (portion of the death benefit that exceeds the adjusted cost base of the policy), and the company will have access to the insured capital that exceeds the loan balance

10/09/2020

Tax Saving Strategy with High cash surrender value:
Immediate Financing Arrangements (IFA) let investors capitalize heavily on an insurance contract by paying premiums that exceed the insurance cost. “The IFA is a strategy involving a life insurance policy with high cash surrender value. Holders can offer the policy as collateral for a bank loan.

In a marketing document, the insurer explains that customers purchase a policy in which they deposit sufficient funds to accumulate major cash surrender value. They then use the policy as collateral for a line of credit at a bank. Customers can invest the amounts borrowed in a company or in an income-producing asset.

The immediate financing arrangement offers tax advantages. Transactions are generally structured such that interest and a portion of the premium are deductible in income calculation. The loan need not be repaid until death. The dividend account will be credited for the death benefit (portion of the death benefit that exceeds the adjusted cost base of the policy), and the company will have access to the insured capital that exceeds the loan balance..

09/18/2020

Fact Everyone should know about Life Insurance:

There are different types of life insurance, and different ways to make it work for you. It’s not only to protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.
Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.

09/07/2020

What is Tax Planning? Let's discuss three D's of tax planning: Deduct, Defer and Divide. We need to understand three D's to take advantage of effective tax planning.

Deduct: Deduction will reduce your taxes by an equal amount to your marginal tax rate. Most of people are familiar with RRSP but there are other deductions such as Moving Expenses, Child Care Expenses, Professional fee, Employment expenses and Interest expenses etc.

Defer: Defer strategies allows you to push having to pay tax now into future years. Basically, defer strategy puts the control of when you have to pay the tax in the hands to tax payer instead of CRA. RRSPS, RESPS and various investment income strategies are the common strategies.

Divide: Divide strategies often called income splitting. For example, if you have 1 person with $100,000 income vs. 2 people (husband and wife) paying taxes on $50,000 each. There are strategies to divide income with in the rules of CRA. Spousal RRSP, Splitting CPP, Pension Splitting, investing non-RRSP in lower income family members, use of partnership or corporation to earn business income and utilizing either inter-vivo or testamentary trusts.

I will be posting more strategies stay connected. Let me know should you want me to cover any particular topics.

09/06/2020

What is estate planning? A Will is The tip of the Iceberg in Estate Settlement. Believe it or not, you have an estate. Your estate is everything you own even you car, house, bank balances, personal possessions, your real estate, life insurance, boat, and even your furniture list is long...Estate planning is making a plan in advance and ensuring your wishes are carried out, and you want this to happen with the least amount paid in taxes, legal fees, probate and court fees. Being organized creates peace of mind and better financial results.

09/05/2020

Minimize the taxes on your income, Stay connected I will be posting my videos to discuss the options so you don't Pay more tax than necessary.

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Toronto, ON

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Monday 2pm - 7pm
Wednesday 2pm - 7pm
Friday 2pm - 7pm
Saturday 9am - 7pm

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+14165097115

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