Using Trusts In Retirement: What You Need to Know (EP 79)

Why Even Wealthy Canadians Feel Nervous About Retirement (EP 80)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started [https://www.fundamentalwealth.ca/get-started] Many Canadians spend decades building significant wealth for retirement, only to discover that financial success alone does not automatically create confidence, clarity, or peace of mind. In this episode of Retiring Canada, we discuss why even financially successful retirees with substantial savings can still feel nervous, uncertain, or overwhelmed as retirement approaches. You will learn the two major reasons retirees commonly struggle with retirement anxiety, how emotions often influence retirement decisions more than numbers alone, and why true retirement planning extends far beyond simply managing investments. We also discuss the major gaps that exist in much of the wealth management industry, the importance of coordinated tax, income, health care, and estate planning, and how thoughtful retirement planning can help create both financial confidence and personal freedom. We also explore the emotional side of retirement, including purpose, identity, relationships, and the challenge many highly driven professionals and business owners face when stepping away from their career or life’s work. This episode is for Canadian retirees, business owners, and pre-retirees who want greater confidence not only in their finances, but also in the next chapter of their life. WANT EVEN MORE RETIREMENT PLANNING TIPS? Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠ ⁠https://www.retiringcanada.ca/retirement-newsletter⁠ [https://www.retiringcanada.ca/retirement-newsletter] As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE! EPISODE RESOURCES: 📊 Work with Michael: ⁠https://fundamentalwealth.ca/get-started⁠ [https://fundamentalwealth.ca/get-started] 💻 Subscribe to the Newsletter: ⁠https://www.retiringcanada.ca/retirement-newsletter⁠ [https://www.retiringcanada.ca/retirement-newsletter] 👉 Download Our Latest Retirement Guide: ⁠https://www.retiringcanada.ca/retirement-guide⁠ [https://www.retiringcanada.ca/retirement-guide] ✏️ Submit Your Question: ⁠https://www.retiringcanada.ca/submit-your-question⁠ [https://www.retiringcanada.ca/submit-your-question] 🌐 Retiring Canada Website: ⁠https://www.retiringcanada.ca⁠ [https://www.retiringcanada.ca]

Using Trusts In Retirement: What You Need to Know (EP 79)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started [https://www.fundamentalwealth.ca/get-started] Trusts can be powerful planning tools, but they are alsocomplex, expensive, and often misunderstood. In this episode of Retiring Canada, we break downhow trusts work, when they may make sense, and when they probably do not. You will learn the difference between trusts establishedduring your lifetime and trusts created through your will, along with commonuses for business owners, high net worth families, blended families, andfamilies with minor children. We also discuss family trusts, testamentarytrusts, Henson trusts, and key tax considerations that can create unintendedconsequences if not structured properly. We also explain why most people may not actually need atrust and why a proper cost benefit analysis is essential before moving forwardwith these strategies. This episode is for Canadians who want a clearerunderstanding of trusts and how they may fit into an estate or retirement plan. WANT EVEN MORE RETIREMENT PLANNING TIPS? Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠ https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] As a thank you, you'll receive a copy of our latestRetirement Guide AND MORE! EPISODE RESOURCES: 📊 Work with Michael: https://fundamentalwealth.ca/get-started [https://fundamentalwealth.ca/get-started] 💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] 👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide [https://www.retiringcanada.ca/retirement-guide] ✏️ Submit YourQuestion: https://www.retiringcanada.ca/submit-your-question [https://www.retiringcanada.ca/submit-your-question] 🌐 Retiring Canada Website: https://www.retiringcanada.ca [https://www.retiringcanada.ca]

How the Primary Residence Exemption Really Works (EP 78)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started [https://www.fundamentalwealth.ca/get-started] For many Canadians, their home and vacation property have become some of their largest financial assets. But when it comes time to sell, transfer, or settle an estate, many families are shocked to discover the potential tax consequences attached to those properties. In this episode of Retiring Canada, we discuss how the Canadian Primary Residence Exemption works and the planning strategies retirees and families should understand when multiple personal use properties are involved. You will learn what qualifies as a principal residence, why only one property per family unit can generally be designated in a given year, and how choosing the wrong property could result in unnecessary capital gains tax. We also walk through a detailed example involving a family home and vacation property, explain the “plus one” rule, and discuss several overlooked planning considerations involving properties owned before 1972, 1982, and 1992. We also explore the importance of tracking capital improvements, coordinating with accountants and executors, and why proactive estate and tax planning can help preserve more family wealth over time. This episode is for Canadian retirees, cottage owners, executors, and families who want to better understand how to minimize taxes and optimize the use of the Primary Residence Exemption. WANT EVEN MORE RETIREMENT PLANNING TIPS? Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠ https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE! EPISODE RESOURCES: 📊 Work with Michael: https://fundamentalwealth.ca/get-started [https://fundamentalwealth.ca/get-started] 💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] 👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide [https://www.retiringcanada.ca/retirement-guide] ✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question [https://www.retiringcanada.ca/submit-your-question] 🌐 Retiring Canada Website: https://www.retiringcanada.ca [https://www.retiringcanada.ca]

The Canadian Retirement Tax Trap (EP 77)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started [https://www.fundamentalwealth.ca/get-started] Many Canadians spend decades building their retirement savings but unknowingly walk into a major tax trap once retirement income, RRIF withdrawals, and government benefits all begin colliding later in life. In this episode of Retiring Canada, we discuss how thoughtful tax planning can help retirees create more flexibility, reduce lifetime taxes, and avoid common retirement income pitfalls. You will learn how RRSP and RRIF withdrawals impact taxation, why many retirees lose control of their income after age 71, and how OAS clawbacks and income-tested benefits can quietly erode retirement cash flow. We also discuss dividend income, marginal tax rates, the “tax valley” strategy, partial RRIF conversions, TFSA optimization, and why retirement tax planning should be reviewed and adjusted every single year. We also walk through our year end tax planning process and explain how coordinated planning between investments, taxes, retirement income, and estate goals can help Canadians spend, gift, and donate more confidently throughout retirement. This episode is for Canadian retirees, pre-retirees, and business owners who want to better understand how proactive retirement tax planning can improve long term retirement outcomes and help avoid unnecessary taxes later in life. WANT EVEN MORE RETIREMENT PLANNING TIPS? Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠ https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE! EPISODE RESOURCES: 📊 Work with Michael: https://fundamentalwealth.ca/get-started [https://fundamentalwealth.ca/get-started] 💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] 👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide [https://www.retiringcanada.ca/retirement-guide] ✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question [https://www.retiringcanada.ca/submit-your-question] 🌐 Retiring Canada Website: https://www.retiringcanada.ca [https://www.retiringcanada.ca]

Most Canadians Miss These 2 Estate Documents (EP 76)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started [https://www.fundamentalwealth.ca/get-started] Many Canadians believe their estate plan is complete once they have a Will and Powers of Attorney in place. But during difficult times, families and executors often discover important details and instructions are still missing. In this episode of Retiring Canada, we discuss two commonly overlooked estate planning documents that can help bring clarity, organization, and peace of mind to your family and executor. You will learn why estate planning should be viewed as part of a broader coordinated financial strategy, when you should review your estate documents, and how a Letter of Instruction and Executor Checklist can help simplify the estate administration process. We also discuss common estate planning gaps, executor considerations, blended family complexity, beneficiary coordination, and why many Canadians unknowingly leave behind confusion despite having legal documents in place. We also explore the emotional side of estate planning and why thoughtful preparation today can dramatically reduce stress, uncertainty, and conflict for the people you care about most. This episode is for Canadian retirees, families, and executors who want to better organize their estate plan and ensure their wishes are carried out clearly and efficiently. WANT EVEN MORE RETIREMENT PLANNING TIPS? Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠ https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE! EPISODE RESOURCES: 📊 Work with Michael: https://fundamentalwealth.ca/get-started [https://fundamentalwealth.ca/get-started] 💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter [https://www.retiringcanada.ca/retirement-newsletter] 👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide [https://www.retiringcanada.ca/retirement-guide] ✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question [https://www.retiringcanada.ca/submit-your-question] 🌐 Retiring Canada Website: https://www.retiringcanada.ca [https://www.retiringcanada.ca] 📄 Executor Checklist [https://c0acd580-0282-44f8-ad7d-f9eb38084e73.filesusr.com/ugd/913926_9674e42da3b345b2a002615557363159.pdf] 📝 Letter of Instruction [https://c0acd580-0282-44f8-ad7d-f9eb38084e73.filesusr.com/ugd/238e73_fe31d6ad75f44242a2991097ad7f232d.pdf]