Valista Education

With our Advanced concepts, they would best be viewed in sequence, but it goes to the strength of our education that you will follow the below topics just fine.

CHOOSE AN ADVANCED TOPIC:

RESPsREGISTERED EDUCATION SAVING PLANS (TAX SHELTERS - MODULE 7)

An RESP is aimed at saving for post-secondary education - whether that be university, college, or trade school.

An RESP gets you free money from the Canadian government - yes, free money! And, you pay less in taxes.

Again RESPs are not well utilized by Canadians, but that is about to change

Watch below to learn more.

RESPs part 1(MODULE 7, TAX SHELTERS: part 18)

WHAT YOU LEARN

What is a RESP ?
What is the maximum contribution into a RESP ?
What are Canada education savings grants (CESG) ?
What is the tax benefit of saving inside a RESP?
What is the length of a RESP plan ?
How much do you have to contribute to maximize your CESG ?

RESPs part 2(MODULE 7, TAX SHELTERS: part 19)

WHAT YOU LEARN

Up to what age can a child get CESG from the government ?
How best to contribute to maximize lifetime CESG ?
What is the deadline to contribute to a RESP ?
How do you catch up on un-used CESG ?
How are overcontributions in a RESP treated ?
What is the "enhanced CESG" for lower income Canadians ?
What is the Canada learning bond ?

RESPs part 3(MODULE 7, TAX SHELTERS: part 20)

WHAT YOU LEARN

What is an Educational assistance payment?
What tax credits do a student get ?
How does a Self directed RESP work ?
What is a Group RESP/Pooled RESP/Scholarship plan ?
What is an Individual plan RESP ?
How does a Family plan RESP work ?
What to do with RESP money, if your child does not take higher education?
How to take money out of a RESP ?
How to set up a RESP ?

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REGISTERED EDUCATION SAVINGS PLANS QUESTIONNAIRE

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Take our “RESP” questionnaire based on the above three modules and you can get one of the cool badges below. You can share this badge and show your knowledge to your friends, depending how well you’ve retained our lessons on Registered Education Savings Plans.

GET YOUR COOL BADGE AFTER COMPLETING

RRSPsREGISTERED RETIREMENT SAVING PLANS (TAX SHELTERS - MODULE 7)

The RRSP.

The backbone of the Canadian retirement system.

Yet, RRSPs are not well understood by Canadians.

RRSPs help you to pay less taxes -yes, less taxes! Take a look at the video below to understand more about RRSPs, and their impact on your retirement.

RRSP BASICS(MODULE 7, TAX SHELTERS: part 1)

WHAT YOU LEARN

What are the three places that you pay tax in a tax shelter ?
What is a registered account ?
How does a non- registered account work ?
What kind of investments can you hold in a registered account ?

RRSPs: THE HOMEBUYER PLAN(MODULE 7, TAX SHELTERS: part 4)

WHAT YOU LEARN

What is the Homebuyer plan ?
How can you use the money inside an RRSP, to purchase a house ?
How much can you borrow from your RRSP & how do you repay it back to your RRSP ?
How to use the tax-refund from your RRSP to increase your house down-payment ?

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RRIFs: REGISTERED RETIREMENT INCOME FUNDS(MODULE 7, TAX SHELTERS: part 7)

WHAT YOU LEARN

What is a RRIF and how does it relate to your RRSP ?
When must you convert an RRSP to a RRIF ?
How much must you withdraw from a RRIF every year, once you convert?
How can you minimize the tax you pay on withdrawals from a RRIF ?

RRIFs: REGISTERED RETIREMENT INCOME FUNDS

GROUP RRSPs(MODULE 7, TAX SHELTERS: part 10)

WHAT YOU LEARN

What is a Group RRSP ?
How does percentage of salary contributions work?
How do matching contributions work ?
How do you get immediate tax savings in a Group RRSP ?
What is the compounding difference with a Group RRSP ?
How much selection do you have with a Group RRSP ?

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CANADIAN TAXATIONMODULE 6

How your Taxes and Taxation works is of utmost importance for every citizen to understand.

Yes Taxation can be boring, but we have actually made it fun and very interesting to learn about.

Learning about how Taxes impact your investments is key to maximize your return.

Also learning how to file your taxes and how you can save money when you file your taxes is critical.

While tax software will automatically input your information, it can often miss eligible deductions and credits.

You can save hundred or even thousands of dollars, by understanding how your taxes work and understanding everything you are eligible for.

In this chapter we will give you a fairly comprehensive overview of the Canadian tax system, that you will truly enjoy!

TAX FUNDAMENTALS(MODULE 6, TAXATION: part 1)

WHAT YOU LEARN

We introduce what are the different types of investment taxes ?
We explain the distinction with investment tax & personal income tax ?
We show how Personal income tax is paid to both the Federal & Provincial govt ?
We illustrate and explain Federal tax rates and the corresponding salary brackets ?
We illustrate some of the Provincial tax rates and corresponding salary brackets ?

MARGINAL TAX RATES(MODULE 6, TAXATION: part 2)

WHAT YOU LEARN

We explain the concept of the Marginal tax rate or how much tax you pay on your next dollar of income ?
We explain what is your Average or Effective tax rate ?
We illustrate both your Federal and Provincial marginal tax rates ?

CAPITAL GAINS TAX(MODULE 6, TAXATION: part 3)

WHAT YOU LEARN

Here we explain that when you sell an Asset for a profit, you owe tax on the profit or Capital gain ?
We explain how a Capital gain is taxed ?
We talk about your Capital gains inclusion rate ?
We discuss exemptions to Capital gains ?

FILING CANADIAN TAXES(MODULE 6, TAXATION: part 6)

WHAT YOU LEARN

Here we explain how the process of how to file your taxes ?
We introduce you to the main forms you use when filing taxes: the Federal form and the provincial form
We explain the concepts of Tax Credits and Tax Deductions ?
We go through an entire tax with you, and show you the full process to work out your refund or balance owing

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LIFE INSURANCELIFE INSURANCE FUNDAMENTALS (MODULE 8)

Life Insurance is a necessity for every parent, or anyone who is thinking about becoming a parent in the future.

What will happen to your family in the event that something happens to you? Ensure your child isn't left without your salary which would support them.

Watch below to learn more.