When You Don't Have a Defined Pension - Retirement Planning Options

Join Alex and Michelle as they identify the key aspects in planning, transitioning, and living in retirement, and which will encourage your clients to think beyond their pension plans and/or RRSPs.

This presentation will:

Identify Common Retirement Risks or Challenges Retirees Face:  Longevity is not the only one.

Address Required Planning for Client Retirement Needs and Goals: What is their retirement plan trying to achieve?

Highlight Adaptive Strategies and the Need for Flexibility: Gain insights into building a resilient retirement plan that can weather storms.

Focus on Maximizing a Client’s Retirement Happiness: Incorporating flexibility, adaptability and “what-if’s” will enhance a client’s retirement experience.

Don’t miss this lively discussion on key planning aspects you and your clients should be contemplating as they consider or approach retirement.

Michelle Connolly, CPA, CA, TEP, FEA, CFP® 

Alex Spence, PFP - Wellington-Altus Private Wealth

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Registration $30

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

Do you have clients with relatives, property, inheritances or business in Mexico? Learn about inheritance tax & planning strategies for residents and non-residents.

We will focus on cross-border estates, and those which include business assets, and real estate. 

Don't miss this 90 minute online seminar, attend live event or receive recording and slides.

Presenters:

Sergio Guerrero - Managing Partner

Mauricio Ramos - Consulting Director

Guerrero Santana - Tax Legal, Audit & Consulting, Guadalajara

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Registration $40

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

*Share link for colleagues to register: https://www.epc-canada.org/event-5491190

With the firsthand knowledge that comes from living in both countries, Terry Ritchie will discuss recent developments around financial planning issues for Canadians investing in the US and Americans living in Canada.

Among the current areas of concern that we will discuss: inflation and how it affects planning; how where you might die affects estate tax liabilities; how Americans moving to Canada need to be prepared for a more intrusive Canada Revenue Agency (CRA) than the IRS would ever be.

For Canadian snowbirds investing in the US, there will be questions around how best to own property—should it be as a trust, a corporation, jointly with a spouse? CP has a blog article specifically about this. If such a property is rented out, more considerations come into play. There are proposed changes to US estate tax regulations and filing requirements that a prudent Canadian investing in the US should be aware of.

For Americans in Canada, added US compliance rules apply even for opening Canadian bank accounts, Tax-free Savings Accounts (TFSA) and other savings plans. Regulations around these rules are in flux, requiring qualified advice. An American selling a home in Canada cannot use a foreign tax credit and may face significant capital gains tax, a very unwelcome surprise for the unprepared.  If you see yourself as one of these people and want to know more, check out the podcast here.

Terry Ritchie, is a Vice President, Private Wealth Manager. at Cardinal Point Capital Management.  Terry provides comprehensive Canada – U.S. wealth management solutions for Canadian citizens or residents living in or relocating to the U.S. or U.S. citizens or residents living in or relocating to Canada. He has been practicing in the areas of financial, investment, tax and estate planning for over 25 years. Terry also provides U.S. and Canadian tax preparation and planning services. He has consulted on behalf of individuals, major corporations, various legal and financial professionals and professional athletes throughout Canada and the U.S. Terry’s clients are generally high net worth individuals who require very unique and specialized cross-border planning advice.

Terry holds a Bachelor of Science Degree in Finance from Arizona State University. He is a Registered Financial Planner (RFP) in Canada and is enrolled to practice before the U.S. Internal Revenue Service (IRS) as an Enrolled Agent (EA). Terry is also a Trust and Estate Practitioner (TEP). Terry is active as an author, speaker and educator on international financial, tax and estate planning matters. His writings have appeared in national magazines, professional journals, internet websites and major newspapers in both Canada and the United States. He has been interviewed and featured in The Globe and Mail, The National Post, The Advisors Edge, Investment Executive, CBC Radio, CTV and The Business News Network. Terry serves on the Editorial Board of The Advisors Edge magazine and previously served on the Editorial Board for the STEP Journal in Canada. Terry is also the best-selling co-author of The Canadian in America, The Canadian Snowbird in America and The American in Canada, all published by ECW Press Canada.

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Registration $30

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

We all work with vulnerable people, but some may not know it. The Canadian Mental Health Association reports that by the age of 40, 50% of the population will have or have had a mental illness. Alzheimer Society of Canada projects that by 2050 there will be over 1,700,000 people living with dementia. How do accountants, lawyers, financial advisors identify the time to step in and safeguard their clients’ interests.

This presentation will review the risks and opportunities for professionals working with vulnerable people by learning from issues and solutions developed by members of the multidisciplinary team at the Capacity Clinic.

The learning objectives of the session will be:

• To understand what decision-making capacity is and strategies to identify the risk factors.
• To be aware of the commonly applicable statutory framework applicable to capacity evaluations.
• To be aware of resources to access in order to service vulnerable clients in order to reduce barriers and liability.

Speakers:

Nathan Spaling, RSSW, BA (Hons), JD, Founder & Evaluator, capacityclinic.ca

As a Registered Social Service Work and Lawyer, Nathan has a unique experience working with people who live with (or are living through) vulnerable conditions or situations. However, during his time as a lawyer at a well-respected law firm operating out of the Waterloo, Wellington and Halton regions, he recognized that most industries do not have access to resources/training that allow for identification, analyzing and reporting on risks of incapacity and/or undue influence. 

In response to this, Nathan founded the Capacity Clinic to bring together resources from multidisciplinary leaders within the capacity evaluation area in order to reduce the barriers that vulnerable Decision Makers face when accessing services. 

His passion for this area is clear and supported by his decision to leave his law partnership (and the practice of law) to focus fulltime on the Capacity Clinic’s vision and model. He and his family live in Milton and enjoy most sports including hockey and hiking around the escarpment wherever possible. 

Dr. Richard Shulman, MDCM FRCPC, Geriatric Psychiatry

Dr. Richard Shulman trained in Medicine at McGill University (1989), and in residencies in Psychiatry (1994) and Clinical Pharmacology (1996) and fellowship in Geriatric Psychiatry (1996) all at the University of Toronto.

In 1998 Dr. Shulman joined the Mississauga General Hospital which merged with the Queensway Hospital to form the Trillium Health Centre which then merged in 2013 with the Credit Valley Hospital to form Trillium Health Partners (THP). Dr. Shulman was the founding Medical Director for Seniors Mental Health Services from 2003 to 2020. Some of his professional highlights include: 2001-: Geriatric Psychiatry Outpatient-Outreach Clinic at the Queensway site; 2002-: Seniors Mental Health Inpatient Unit at the Mississauga Site; 2010-: Special Behavioural Support Unit (SBSU) at Sheridan Villa LTC, the first SBSU to open in a public LTC Home in Ontario; 2016-: Sour Seven Delirium Detection Questionnaire for Caregivers; 2017-: Mental Health First Aid (MHFA) Seniors Course in conjunction with the Mental Health Commission of Canada; 2019-: SBSU at Cooksville Care Centre LTC; the second SBSU in Peel Region; Dr. Shulman has been a consultant to private legal counsel as well as the Coroner’s Office of Toronto, the College of Physicians and Surgeons of Ontario, and to the Canadian Medical Protective Association in matters related to standards of care in psychiatry, psychopharmacology, and geriatric psychiatry.  Dr. Shulman is an accredited expert in contemporaneous and retrospective capacity evaluations by the Ontario Superior Court of Justice including: John Gironda et al. v. Vito Gironda et al., (2013), Foley v McIntyre (2014), Chuvalo v. Chuvalo (2018) and Kates Estate (2020).

Testamentary capacity evaluation does not fall within the mandate of any regulatory authority (such as the Ontario Ministry of the Attorney General) to provide training and/or oversight on how to assess testamentary capacity or how to write a report for testamentary capacity evaluation. This is what led to the collaboration of multidisciplinary professionals at the Capacity Clinic to develop a means to improve the recognition of risks of incapacity and/or undue influence. I led both: a Symposium at the Annual Scientific Meeting for the Canadian Academy of Geriatric Psychiatrists and Canadian Coalition for Seniors Mental Health in October 2022 “Proposed Medical-Legal Innovations for Capacity Evaluation Related to Activating the Supported/Substitute Decision-Making Processes”; and a workshop “Capacity to Consent to MAiD: Are Amendments in Keeping with Public Health Law Policy Warranted?”. In 2023, I was a speaker at the Ontario Bar Associations’ Elder Law Day

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Registration $30

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

Jandy John, Director of Estate and Trust at Concentra Trust, and Stephen McCotter, Senior Wills and Estates Advisor, present on the ins and outs of working with a Corporate Trust Company. The presentation will discuss the two pillars of the trust company business, differentiating between deferred services and immediate services, and when and how to engage both.

Jandy and Stephen will explain the end-to-end process, and will also illustrate the various ways trust companies themselves rely on the expertise of third parties outside of their area of expertise, including lawyers, investment managers, insurance professionals, and accountants, as they seek to provide a holistic estate planning experience to their clients.

Presenters:

Richard Bell, LLB, Bell Alliance and Ryan McKinley, Senior Mortgage Development ManagerVancity

Kristine Anderson - Fern Law

This session will explain the treatment of human reproductive material and technology in the context of an estate. Specifically, we will explore what this material is, who owns it, how it can be used and by whom after the death of a donor. Challenges arise when stakeholders have conflicting interests in the deceased’s reproductive material and any resulting children. Carol will walk through these conflicts, possible resolutions for clients and best practices for planning.

CAROL WILLES

DIRECTOR, ESTATE PLANNING, BMO PRIVATE WEALTH