WealthBar helped Mark & Penny save $44,600 in taxes when moving cities.

WealthBar Financial Services Inc. is a registered Portfolio Manager in all provinces and territories in Canada. WealthBar is also a Full Life Insurance Agent in the provinces of British Columbia and Ontario. Cash and securities held in your account are protected up to $1,000,000 CDN. Visit CIPF to learn more.

© 2017 WealthBar Financial Services Inc.
    All rights reserved.

With WealthBar, Mark & Penny are able to enjoy their perfect retirement in Vancouver with their family. How can WealthBar help you?

Open an account

Mark and Penny live in Toronto, but own a condo in Vancouver that they’ve been renting for a few years. To be closer to family, Mark and Penny want to sell their Toronto condo and retire to Vancouver. They also had a couple of RRSP accounts scattered around different financial institutions.

We helped them create a plan to sell the Toronto condo and move to their Vancouver condo. Mark and Penny had an option to defer capital gains accrued while they were not living in their Vancouver condo, but instead, we helped them offset them with a lump sum deposit into their RRSP accounts. Mark had substantial room in his RRSP and this was a way to reduce and redistribute the capital gain taxes from his condo sale. This way, Mark and Penny won’t compromise their nest egg, while keeping their tax bracket low in retirement.

Open an account