It is now our Senior Vice-President William Kennedy’s turn to co-author with colleague Lea Koiv. Found in this months edition of Advisor’s Edge, the article does not discuss whether a pension should be commuted; it focuses on whether it can be, and how that commuted value is calculated.
Follow this link to read our article: Are You Entitled to a Commuted Value?
Company President, Mark Lesniewski co-authored a new publication in Advisor’s Edge this month with admired friend and colleague – Lea Koiv. The article is fairly technical, but includes information on terminal funding opportunities with IPPs. Terminal funding is a significant additional funding opportunity for baby boomers.
Follow this link to read our article: What the IPP Numbers Look Like in 2018.
Effective October 26th 2017, LMC Group has moved to the 15th floor of Bow Valley Square Tower II in downtown Calgary!
We have outgrown our old space and are excited for this new opportunity to better serve our clients.
Feel free to drop in and say hello at:
#1500, 205 – 5th Avenue SW, Calgary AB T2P 2V7
The Pension Adjustment (“PA”) represents the deemed value of the pension benefit earned during the calendar year, as a result of participating in an Individual Pension Plan (“IPP”). The Pension Adjustment is calculated every year for each Member of the IPP, and must be disclosed in box 52 of their T4 slip, along with the pension plan registration number in Box Number 50. Failure to report the PA can lead to an audit of the IPP by the Canada Revenue Agency. Please ensure you report the PA for every year you have the IPP Plan.
Canada’s Finance Minister recently released a Consultation Paper entitled “Tax Planning Using Private Corporations”. This paper outlined the government’s proposals to limit the use of perceived tax loopholes in the current tax system available to private corporations. The challenge remains: How to minimize the portion of income from private corporation payable to the owner and his family that is taxed at top marginal rates.
It is with great sadness but tremendous pride that we announce the retirement of William R. Keech, Vice-President of Client Services.
With many decades of experience in the field of consulting, Bill earned a respected reputation for his ability to demystify group retirement plans and deliver clear, straightforward advice. His knowledge extended through all fields of group retirement, and his eagerness to share and teach the rest of us will surely be missed.
We wish you all the best Bill! Congratulations!
Most of the focus on IPPs is on how much can be contributed. Equally important is to understand how to get
access to your money – whether you retire, die, or even terminate the plan early. This article summarizes all the options available.
LMC Group would like to extend a warm welcome to Monika Horvat.
Monika is currently studying for her Actuarial designation and is an exciting and welcome new addition to our team.
Expanding our Services in the Ontario Market
Lesniewski Moore Consulting Group Expands with Merger of W.C. Kennedy & Associates
As a company that prides itself on providing clarity, proactive service and support we have merged with W.C. Kennedy & Associates to continue meeting the demand for knowledgeable and timely advice. To learn more about how our practical and proven consulting services can help you and your clients make better decisions, please contact us for a meeting.
After fulfilling her primary objectives, Dianne will be leaving LMC Group to pursue other interests.
LMC Group wishes to thank Dianne for her numerous contributions particularly with respect to marketing and profile building of the firm.