This is the first in a number of videos exploring investing and retirement planning strategies.

We're starting with Income Splitting. It's a simple but extremely effective way to reduce taxes currently and in retirement.

Why does income splitting work? Who does this apply to? Should I being doing this now or in retirement?

Watch the video to find out!

#financialadvice #financialplanning #retirementplanning #retirement #investing

If you have questions, topic ideas or want to discuss your own investments please reach out, we'd love to hear from you.

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Income Splitting Basics and Progressive Tax System [00:00:46]:

Explanation of income splitting, progressive tax rates, and the goal of keeping both spouses in lower tax brackets.

Asset Splitting and Equalizing RRSPs [00:02:19]:

Discussion on splitting assets in retirement and aiming for equal-sized RRSPs for both spouses.

Spousal RRSPs as a Strategy [00:02:30]:

How higher-earning spouses can contribute to spousal RRSPs to optimize retirement income and tax benefits.

Limitations and CRA Rules on Income Splitting [00:04:40]:

Clarification on what types of income can be split, age restrictions, and the importance of personalized planning.

Charitable Donations and Donating Stock [00:05:21]:

Tax-saving benefits of donating stock instead of cash to charities, including a client example.

Upcoming Videos and Donor-Advised Fund Announcement [00:06:24]