The Swiss Army Knife of Retirement Planning for High Income Earners | Ep.021 скачать в хорошем качестве

The Swiss Army Knife of Retirement Planning for High Income Earners | Ep.021

Recorded: May 1 2025 Originally published on The Millennial Money Canada Podcast, Rebranded as The Personal CFO Podcast Summary In this episode of the Millennial Money Canada podcast, hosts Guillaume Girard, Sam Lichtman and guest Tatenda Mawoyo delve into the intricacies of Retirement Compensation Arrangements (RCA). They explore the mechanics of RCA, who benefits from it, and its use cases, particularly in severance packages for high-income earners and professional athletes. The discussion also covers tax implications, investment strategies, and how RCA compares to other retirement plans. Additionally, they address the costs associated with setting up and maintaining an RCA, the scrutiny from the CRA, and legal precedents that impact its implementation. The episode concludes with final thoughts on RCA as a tool for effective wealth management. Topics Covered in this Episode: 00:00 Introduction to RCA and Its Importance 03:08 Understanding Retirement Compensation Arrangements (RCA) 07:15 Who Benefits from an RCA? 11:45 Tax Implications and Benefits of RCA for Athletes 14:50 How RCA Works: Contributions and Refunds 18:44 Evaluating RCA for Business Owners 21:02 RCA vs. Holding Company: Trade-offs 23:56 RCA at Death: Beneficiaries and Tax Efficiency 26:33 Ongoing Contributions to RCA 31:11 RCA and IPP: Working in Tandem 33:59 Investment Options within RCA 34:11 Understanding RCA and Life Insurance Integration 41:15 Decumulation Strategies for RCA 48:45 Tax Implications and Compliance for RCA 53:19 CRA Scrutiny on High-Income Athletes and Executives GBL Inc. Website: GBL: https://gblinc.ca/about/ Tatenda M. LinkedIn:   / tatenda-mawoyo-42ba5543   Subscribe to The Personal CFO Newsletter: https://www.mwadvisors.ca/newsletter-... Visit our Website: https://www.mwadvisors.ca/guillaume Connect with me on LinkedIn:   / guillaume-girard-cfa-cfp-08487170   Book a Private Intro Call here: https://mwadvisors.as.me/GuillaumeGir...