https://www.realty.truewealthadvisors.ca/category/taxplanning/ Recent content in taxplanning on True Wealth Advisors Hugo -- gohugo.io en-ca Mon, 27 Nov 2023 08:16:23 +0000 https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Mon, 27 Nov 2023 08:16:23 +0000 https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Optimizing Estate Planning for Canadian Real Estate Investors: Tax & Probate Strategies For investors who own multiple real estate properties, there are unique financial planning, tax and legal strategies that should be considered to ensure they can secure their legacy both in the short and long term. Here are some key considerations: Principal Residence Exemption: Canada allows for a principal residence exemption, which can eliminate capital gains tax on the sale of a principal residence. https://www.realty.truewealthadvisors.ca/2023/11/how-financial-therapy-can-help-you-breakthrough-limiting-beliefs/ Wed, 15 Nov 2023 09:24:50 +0000 https://www.realty.truewealthadvisors.ca/2023/11/how-financial-therapy-can-help-you-breakthrough-limiting-beliefs/ How Financial Therapy Can Help You Breakthrough Limiting Beliefs. Introduction Welcome to the True Wealth podcast! I am Seun Adeyemi, your host, and today we have an exciting episode in store. We are joined by Natasha Knox, a financial planner at Alafio Financial Wellness and a Certified Financial Planner (CFP). Natasha’s unique approach to financial planning through financial therapy has garnered significant attention. In this interview, we dive deep into the world of financial therapy and how it helps clients achieve their financial goals. https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Sat, 02 Sep 2023 09:58:37 +0000 https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Tags: financial planning, tax planning https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Tue, 26 Jul 2022 13:53:58 +0000 https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Investment Property Deductions You Can Write-Off Owning an investment property can be lucrative, especially if done prudently. An investment property is used mainly to generate income, either through passive income by renting it out or by flipping it to generate capital gains income. Purchasing an investment property either to flip or to rent both have their pros and cons. A part of what we do is to assess which is right for you.