Mary Zacharuk

For our last (of 4) strategy pieces on advanced RRSP planning, we look at the “meltdown strategy”. This strategy aims to replace excess RRSP assets with non-registered assets, but is the riskier that the others we have discussed because it uses an investment loan (leverage). The meltdown strategy follows the same principal as the preceding posts – it can be more tax efficient over the long-term to spread out RRSP/RRIF withdrawals over more years. This, of course, depends on both your and your spouse’s retirement date. We talked 2-weeks ago about how a spousal RRSP being key if you think your spouse will retire before you…but I digress. For the meltdown strategy, you would obtain an investment loan to be invested in a non-registered account. You would then pay the interest component of the loan by withdrawing (deregistering) the exact same amount of funds from your RRSP. From a tax perspective, you are accomplishing an offsetting income inclusion (RRSP withdrawal) with an interest expense deduction from the loan – because the cash from the loan is invested in a non-registered taxable account, you can write off the interest. Said another way, you’ve created an offsetting income-expense balance, at least in theory (there are withholding taxes on RRSP withdrawals so sizing is key), which is why you should consult your tax professional before implementing anything like this. It is quite simple to create a tax-efficient non-registered account strategy targeting capital gains. Even heavily discounted bonds will accomplish this quite nicely. This is a complex strategy so you’ll need someone reliable to model this out for you, but it has the potential to help you restructure your savings if you find yourself very RRSP heavy.

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Libertas 2024 Leveraged Finance Compensation Report Our team at Libertas Recruiting just now completed an update of our Libertas 2024 Middle Market Leveraged Finance Compensation Report. We specialize in Leveraged Finance Recruiting, and we have been busy this year building out Middle Market Leveraged Finance teams for Banks and Direct Lending firms in New York, Chicago, Boston, Atlanta, Charlotte and Los Angeles and other major markets throughout the U.S. We always pause this time of year to pull together the compensation information we have collected from thousands of interviews we conduct each year as we work on Leveraged Finance Searches, and then prepare our Annual Leveraged Finance Compensation Reports (for the Middle Market and Broadly Syndicated Leveraged Loan markets). Highlights from Libertas 2024 Middle Market Leveraged Finance Compensation Report: #1 - 2023 Compensation Review: Middle Market Leveraged Finance Total Compensation in 2023 Was Down 20% to 25% for Banks, but it was Up 15% to 20% for Direct Lenders as Loan Activity for LBOs declined, Banks pulled back due during the Regional Bank Deposit Crisis, and Direct Lenders picked up market share. #2 - 2024 Compensation Outlook: Middle Market Leveraged Finance Compensation in 2024 is expected to Increase 20% to 25% for Banks and remain flat or marginally increase for Direct Lenders as Loan Activity for New LBOs and Refinancings Increased in 2024 and Banks Re-emerged in the sector. #3 - 2025 Compensation & Recruiting Forecast: Compensation for Middle Market Leveraged Finance Bankers is Expected to Increase in 2025 Compared due to an expected Increase in LBOs and associated Leveraged Finance Volume, increased volume of Refinancings and an increased Demand for Leveraged Finance bankers by Banks, existing and new Direct Lenders, and new Joint Ventures between Banks and Direct Lenders. If you'd like to discuss the 2024 Compensation Report and how we can help you with your 2025 Recruiting Needs in Leveraged Finance, select a time on my Calendar that works for you for a Catch-Up Call:  https://lnkd.in/euwqaveJ

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Global corporates hold potential for capital appreciation and higher yield, to complement core bonds. Learn more about Mackenzie Global Corporate Fixed Income Fund: https://ow.ly/eKEH30sEcZS

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Evolve ETFs is thrilled to announce that the Evolve Canadian Aggregate Bond Enhanced Yield Fund (TSX: AGG) is now trading on the Toronto Stock Exchange! #AGGetf, Canada’s first Canadian aggregate bond covered call fund provides investors with:  ✔️Exposure to fixed income ETFs and securities issued in Canada  ✔️Attractive income and long-term capital appreciation  ✔️Enhanced yield from an active covered call strategy 

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As one of Canada's leading wealth management companies, Dynamic Funds continually strives to deliver market-beating performance for our clients. Hear directly from our portfolio managers why Legitimately Active Management matters – now more than ever. Learn more - dynamic.ca/activematters #DynamicFunds #InvestwithAdvice

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Investors may have been surprised to see the recent resurgence of Canadian equities.  There are reasons they were left behind in this market rally from the lows two years ago.  But those same reasons are why they may continue to positively surprise investors into 2025.

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As one of Canada's leading wealth management companies, Dynamic Funds continually strives to deliver market-beating performance for our clients. Hear directly from our portfolio managers why Legitimately Active Management matters – now more than ever. Learn more - dynamic.ca/activematters #DynamicFunds #InvestwithAdvice

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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