*Mutual Funds and ETFs are provided through Carte Wealth Management Inc.
**Insurance products such as segregated funds, life, disability, and critical illness insurance are offered through Carte Risk Management Inc.
***Banking services through referral arrangement.
Six investment portfolios by Mike Sukhram to help clients meet their income and growth needs.
The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus, an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the return data quoted herein.
A financial plan will provide you with a strategy to grow your wealth, pay less taxes, generate more retirement income cashflow and creating a legacy for your beneficiaries.
Managing your credit score
Every business owner needs to make arrangements on what to do with their share of the business before they get sick, disabled or die. Learn about how simple it is to put a Buy / Sell Agreement in place and how to fund it.
Market opportunities unfolding.
November 4th, 2022
High-income earners can save significant amounts of taxes using this strategy and simultaneously increase their estate value.
A different and more cost-effective approach that has an Edge for small businesses.
Alex Sasso
Chief Executive Officer & Portfolio Manager
NCM Asset Management Ltd
My role is to provide you with the strategies and my network of professionals to help you build and maintain your wealth.
We provide group benefit plans to help you maintain and attract the right talent for your company.
Attract and retain the right talent for your company by helping your employees with one of their main concerns.
It maybe a better alternative to an RRSP
Our strategy is to reallocate your holdings from positions of weakness to positions that are stronger - Relative Strength.
We do this using fact-based indicators to avoid the trap of investing based on emotions.
💡 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 28th 𝐢𝐬 𝐭𝐡𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐭𝐫𝐚𝐝𝐞 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐟𝐨𝐫 2022.
𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸?
🗹 December 28th is the investment trade deadline for 2022.
🗹 You can trigger capital losses to offset capital gains.
🗹 Capital gains are realized when you sell an asset for more than its original cost.
This strategy only works with non-registered investments.
#wealthmanagement #investment #mutualfunds #ETFs #taxstrategies
💡 𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 𝐛𝐲 𝐮𝐬𝐢𝐧𝐠 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐥𝐨𝐬𝐬𝐞𝐬 𝐭𝐨 𝐨𝐟𝐟𝐬𝐞𝐭 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐚𝐢𝐧𝐬
𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸?
🗹 You can use capital losses to offset capital gains in the current year.
🗹 You can also carry them back three years and carry
them forward indefinitely.
This strategy only works with non-registered investments.
#wealthmanagement #investment #mutualfunds #ETFs #taxstrategies
💡 𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 - 𝐛𝐲 𝐭𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐚𝐢𝐧𝐬 𝐚𝐩𝐩𝐫𝐨𝐩𝐫𝐢𝐚𝐭𝐞𝐥𝐲
Did you know?
Capital gains are taxed more favourably compared to fully taxable income. Here are four ways to further minimize capital gains tax:
1. Use capital losses to offset capital gains
2. Transfer income to a family member with little or no income worth up to $28k in capital gains without any tax
3. Delay triggering capital gains or spread the realized gains over years
4. Take advantage of the lifetime capital gains exemption of $913,630 for qualifying small business corporations or $1 mil for qualified farm or fishing properties.
💡 𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 - 𝐛𝐲 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐫𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐚 𝐦𝐢𝐧𝐨𝐫 𝐜𝐡𝐢𝐥𝐝.
Transferring investments that have lost value to a minor child will trigger a capital loss you can then use to offset any realized capital gains.
Any future investment growth is taxable to the minor child since attribution rules don’t apply to capital gains.
#tax #taxlossharvesting #taxplanning #investments #investing #yearendtaxstrategies
💡 𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 - 𝐛𝐲 𝐝𝐨𝐧𝐚𝐭𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐚 𝐜𝐡𝐚𝐫𝐢𝐭𝐲
By donating publicly traded securities, mutual funds or segregated funds that have grown in value, you receive a tax receipt for their fair market value and will also be exempt from tax on any resulting capital gains.
💡𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 - 𝐛𝐲 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐭𝐚𝐱-𝐟𝐫𝐞𝐞 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 (𝐓𝐅𝐒𝐀)
A TFSA allows for tax-free growth of your investments and the freedom to withdraw at any time, with no tax or penalty
💡 𝐒𝐚𝐯𝐞 𝐭𝐚𝐱𝐞𝐬 - 𝐛𝐲 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐝𝐢𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐩𝐥𝐚𝐧 (𝐑𝐃𝐒𝐏)
If you or a family member under 60 qualifies for the disability tax credit (DTC), you may be able to set up a registered disability savings plan (RDSP) and reap significant advantages.
Carte Wealth Management Inc.
1000-2680 Skymark Ave., Mississauga, ON L4W 5L6
Mutual Funds and ETFs are provided through Carte Wealth Management Inc.
Insurance products such as segregated funds, life, disability, and critical illness insurance are offered through Carte Risk Management Inc.
Banking services through referral arrangement.
Mike Sukhram is a financial advisor in Mississauga, serving clients in the GTA, Oakville, Brampton, Etobicoke, Toronto, and Burlington areas. He specializes in investments and insurance strategies to help professionals, executives and business owners with their retirement plans.
Do you have enough savings to go anywhere, and do anything you want?
Do you have a destination?
Do you even... have a plan?
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