The Deathbed TFSA: Death, Taxes - and Lost Optionality.
The Deathbed TFSA: Death, Taxes - and Lost Optionality.

On death, a surviving spouse can transfer the assets within the deceased TFSA to their own TFSA without affecting their own room. However when the taxpayer dies, any unused room dies with them, and unlike an RRSP, an estate cannot contribute to a TFSA. The unused room is gone forever.

So where does that leave the surviving spouse? As of 2020, with a lost opportunity to shelter up to $69,500, even if the estate has sufficient assets to fund the account. Unless they move quickly before their spouse’s death by making a deathbed TFSA contribution.

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WowMJason PereiraTFSA, Estate
Fundamentals of Corporate Taxation with Kim Moody | E003
Fundamentals of Corporate Taxation with Kim Moody | E003

Summary:

In this episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Kim Moody, Director of Canadian Tax Advisory Services at Moodys Gartner Tax Law in the Calgary area. Kim Moody talks about the expertise that Moody Gartner offers, the general percentages of taxation that businesses face, the differences in paying dividends and salaries, the Kiddie Tax rule, and what to know before paying family members.

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FPCBOJason PereiraTax
True Accord with Ohad Samet (CEO) | E110
True Accord with Ohad Samet (CEO) | E110

Summary:

In this 110th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host welcomes Ohad Samet, Co-founder and CEO of True Accord, to talk about leading with empathy even in debt collection, how True Accord’s debt collection model has impacted both creditors and debtors, and more.

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Fintech ImpactJason PereiraCollections
What the Globe & Mail missed about Wealthsimple: Paradigms, Moats, and Millennials
What the Globe & Mail missed about Wealthsimple: Paradigms, Moats, and Millennials

On February 7th, the Globe published an article – Why Wealthsimple and robo-advisors aren’t scaring Bay Street anymore – concluding that “the robo-revolution has been a flop:” “the harsh reality is that [Wealthsimple] simply isn’t growing fast enough. Even more sobering, the whole sector is facing a reckoning.”

Since then, several people have reached out to ask my opinion of the piece. In response, I thought I would take the time to share my thoughts in this blog post.

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WowM, FeaturedJason PereiraWealthsimple, Roboadvisor, Millennials, Disruption
Family Succession Planning with Tom Deans | E002
Family Succession Planning with Tom Deans | E002

Summary:

In the 2nd episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, and host of the podcast Fintech Impact, welcomes Dr. Tom Deans, estate and family succession planning expert and author of NY Times Bestseller Every Family’s Business, to talk about how to handle exit planning with your business, especially when family succession is involved.

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FPCBOJason PereiraSuccession Planning
The Fundamentals of Pensions | E002
The Fundamentals of Pensions | E002

Today on the Wisdom of Wealth, we are going to talk about something that affects the lives of over one-third of working Canadians, workplace pension plans. Workplace pension plans are put in place by employers as a way to attract, retain, and reward employees, while simultaneously helping them prepare for retirement and doing so in a tax- efficient manner.

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Wisdom of WealthJason PereiraPension
Lead Pilot with Samantha Russell (CEO) | E109
Lead Pilot with Samantha Russell (CEO) | E109

Summary:

In this episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews returning guest Samantha Russell, Chief Marketing & Business Development Officer at Twenty Over Ten. This time around, instead of discussing Twenty Over Ten, Samantha has come to talk about Lead Pilot, which is Twenty Over Ten’s content marketing platform for financial advisors. Samantha also explains inbound marketing, why it is so effective, and how inbound marketing differs from short-form marketing.

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Fintech ImpactJason PereiraMarketing, Automation, inbound marketing
Incorporation & Corporate Structure Planning with Ted Maduri | E001
Incorporation & Corporate Structure Planning with Ted Maduri | E001

Summary:

In the first episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, and host of the podcast Fintech Impact, welcomes Ted Maduri, Partner at the law firm DLA Piper, to talk about how to establish a strong business structure from the start, challenges people may face along the way, and more.

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FPCBOJason PereiraCorporate Structure, Law
Limelight Health with Garrett Viggers (Co-Founder) | E107
Limelight Health with Garrett Viggers (Co-Founder) | E107

Summary:

In this 107th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Garrett Viggers. Co-Founder at Limelight Health, a company that is working to digitize the entire experience of insurance applications from start to finish. Garrett Viggers talks about how Limelight Health got started, obstacles in getting the industry to accept innovation, and not trying to be a one-stop solution for everything. 

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Fintech ImpactJason Pereirainsurance, Benefits
Soarpay with Scott Hawksworth (SMD) | E104
Soarpay with Scott Hawksworth (SMD) | E104

Summary:

In this 104th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Scott Hawksworth, Sales and Marketing Director at Soar Payments. Soar Payments is a company that focuses on providing payment solutions to higher risk businesses in the United States. Scott Hawkswork explains chargebacks, examples of high-risk businesses that banks tend to have trouble with, and the value that Soar Payments offers to its clients. 

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Fintech ImpactJason PereiraPayments