Joseph Alfie, Portfolio Manager
474 mcgill unit 010 h2y2h2 Montreal, QC, Canada

Do you have a holding company or non-registered investments? This could be extremely valuable for you. One of our biggest holdings is: Fidelity Canadian Growth Company Series F which made a 47.08% rate of return in 2020. The mistake that we often see is under which structure advisors and clients purchase funds. This fund is available in corporate class (tax-efficient) or in a regular trust version (not so tax efficient). ... The corporate class version generated ZERO dollars distributions in 2020 while the trust version generated a capital gain of 10.97%. If you had $1,000,000 invested here in 2020, your tax bill would be ZERO $ if you purchased the corporate class version versus a capital gain of $100,970 for the trust version. Are you utilizing the corporate class structure? #MyriadPrivateWealth #FamilyOffice #Wealth #TaxSavings Mutual funds are not guaranteed and information on returns is based on past performance which may not reflect future performance. Mutual funds may be associated with commissions, trailer fees, management fees and other expenses. Please read the prospectus. Important information regarding mutual funds may be found in the simplified prospectus. To obtain a copy, please contact Joseph Alfie.

Understanding how much you are taxed is as important as understanding what you are invested in. Let's compare personal taxation on $100,00 of interest income VS eligible dividends VS capital gains In Quebec in 2020 assuming that was your only source of income. #Myriadprivatewealth #Taxation #Wealth #Investments #Familyoffice... *https://lnkd.in/dHZNU9r *https://lnkd.in/dQTiztF

An individual pension plan is a great tool for business owners to fund their retirement. More info in the link below: https://www.moneysense.ca//is-an-individual-pension-plan-/ #IPP #Retirement # #retirementplanning #wealth #businessowners #Familyoffice #MyriadprivateWealth

I meet with many business owners who currently invest most of their corporate cash in interest bearing instruments. Tax season is upon us, review your tax slips carefully. There are better solutions out there. We're here to help. #MyriadPrivateWealth #CapitalGains #Interestincome #tax #investments #highnetworthindividuals #familyoffice

Did you know that you are eligible to receive a government pension called Old Age Security if you meet the following criteria's: *65 years of age or older; *Canadian citizen or legal / permanent resident of Canada (or landed immigrant) when your pension application is approved; and... *have lived in Canada for at least 10 years since the age of 18. As my father would say: "What's the catch?". The catch is if you make more than a certain amount at 65, the government starts clawing back that pension from you (details below). How can we help? We find alternative ways for you to generate income that is not immediately taxable, that income is called "return of capital". We're here to help. #MyriadPrivateWealth #Strategy #taxes #retirement #retirementplanning #savings

Friendly reminder if you own a revenue property in Quebec, do not forget to produce your RL-31's before February 28th 2020: https://www.revenuquebec.ca//ac/details/161340/2018-12-03/