Trusts, Explained - Everything You Need To Know About Trust Accounts in Canada For Beginners скачать в хорошем качестве

Trusts, Explained - Everything You Need To Know About Trust Accounts in Canada For Beginners

A trust account in Canada can be a great financial tool for wealth. At a high level, a trust account is created when one person (the settlor), gives property to another person (the trustee) to manage on behalf of other people (the beneficiaries). There are a few different types of trusts accounts that you could have, too - like living trusts or estate trusts. In this video we're going to break down all of the different trust account options, what the are and why you might want to use it, and how you'd actually go about opening up a trust account. Oh, and we'll cover your money's protection, too! By the end you'll understand everything you need to know about trust accounts. Check out the CDIC website for more information about deposit protection and Trust Accounts - https://www.cdic.ca/ 0:00 Trust accounts aren't just for 'rich people' 1:13 What is a trust account? 2:52 What are formal trust accounts? 4:14 What are informal aka in-trust accounts? 5:40 In-trust account tax advantages 6:44 Revocable vs irrevocable trusts 8:14 When should you use a trust account? 9:26 How CDIC protects your deposits ➡️ Simplii Financial - Our No Fee Checking Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65a... ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/... ➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($25 bonus) - https://wealthsimple.sjv.io/vnkndW ➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB ➡️ Neo Financial - Our Cash Back Credit Card - https://join.neo.cc/stephandden ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612... The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden Camera - Sony A6400 - https://amzn.to/2vsmDqc Lens - Sigma 16mm - https://amzn.to/2vslvCV Microphones - https://amzn.to/2tSa3jQ Tripod - https://amzn.to/37EAibU Small Tripod - https://amzn.to/2S3dWul External Hard Drive - https://amzn.to/3mQzMlP Our Music - https://www.epidemicsound.com/referra... The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.