What's new with Advocis Greater Vancouver? Find out below!- Upcoming events and news
- Recap on what we've been up to
- Membership Minute: the value of your Advocis membership
- "Did you know"? Three methods to unlock a locked-in retirement account (LIRA)
- Restaurant of the month feature
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 | What's on tap:- ONLY A FEW TICKETS ARE LEFT for the annual Ladies Luncheon, being held on November 16th at Hydra Estiatorio. For more information and tickets, please click the button below:
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- U5A5: this mentorship program is immensely valuable for new advisors seeking guidance, new ideas, or to have any questions answered from senior people in the industry. View the upcoming schedule HERE. To register, click HERE.
- SAVE THE DATE! Our 2022 Annual General Meeting will be held on November 30th at the Terminal City Club from 11am-1pm. We have exciting speakers lined up, such as Julie Martini, Vice-President of Strategic Engagement, and Jack Mazakian, Vice-President of Advocis Broker Services Inc. Stay tuned for more information in the coming weeks!
- SAVE THE DATE! The 3rd Bi-Annual Financial Planning Summit will be held at the Waterfront Hotel in Vancouver on March 9th, 2023. Stay tuned for early-bird tickets and more info at www.financialplanningsummit.com
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- Correction: there was a print-error in the recent program guide for last week's Advocis Estate Planning Summit that stated that this was the '10th Annual' event. This was incorrect and should have read '3rd Bi-Annual'.
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 | Here is what your chapter has been up to recently: - The 2022 Estate Planning Summit was held on October 20th at the beautiful Paradox Hotel. Between those in-person and those who attended virtually, over 300 people took part in this premier event for all those in the estate planning field!
- There were incredibly educational presentations from our 12 speakers, where attendees could sharpen their skills and expand their repertoire on many different components of estate planning.
- A humongous thank you to all of our event sponsors, presenters, attendees, our awesome exhibitors, event staff and the Paradox hotel for providing an unparalleled venue.
- View a few photos from the event HERE and stay tuned for more photos to be posted on our social media pages.
- Lastly - keep your eye out for early-bird tickets for the 2023 Estate Planning Summit.
- Update 2022 Purposeful Planning - Resilient | Relevant | Ready discussed how to position financial advisors and planners to be resilient, provide timely and relevant advice to their clients and be ready to take on the future. Thanks to everyone who participated and made this a fantastic event!
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 | Membership renewals begin in November!The Advocis membership renewal process is right around the corner. To get you prepared, click the button below to review and update your contact information: |
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Advocis has partnered with The Legacy Companies to bring you special access to their Advisor Growth Journey and Group Coaching programs.
This program provides bite-sized, actionable insights that will:- Enhance and evolve your practice.
- Gain access to all the resources you’ll need to continue growing as a financial advisor.
- Group coaching will give you access to a rich support network that will help you develop professionally, seize opportunities, and enjoy prolonged growth into the future.
- Acquire the strategies, tactics, and tools to take your business to the next level.
The Advisor Growth Journey consists of 5 key areas, each supported by videos, workbooks, tools, and resources to ensure you have what you need to apply the learning to your business in real time, creating measurable results. |
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Membership BenefitsAs an Advocis member, there are no shortage of benefits you receive. For a comprehensive list of how you can get the most out of your membership, click the link below:
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 | Three ways to unlock a locked-in retirement account (LIRA)Most advisors are aware of the two common ways to unlock all your pension money out of a LIRA prior to age 55. These are known as:
1. Access to small amounts
If the LIRA balance is less than 20% of the Yearly Maximum Pensionable Earnings (YMPE), it can be unlocked. For the year 2022, the YMPE is $64,900. This means that any LIRAs with less than $12,980 can be unlocked. (There can be some slight variations due to the different provinces’ pension rules.)
2. Shortened life expectancy
If you have a terminal illness or a disability that is expected to shorten your life considerably, then the LIRA or LIF may be unlocked. Most pension jurisdiction will require a doctor to provide the shortened life opinion in writing as well as a spouse’s consent to unlock the pension funds. But…. Did you know…
3. Becoming a non-resident of Canada
If the Canada Revenue Agency (CRA) determines that you are a non-resident of Canada for tax purposes, and confirms this in writing, then you may unlock your LIRA or LIF. Most pension jurisdictions will require 2 years of non-residency before unlocking the pension is allowed.
Taxation still applies on withdrawals regardless of how you have unlocked your LIRA!
Stay tuned for next month's newsletter for another education segment! |
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 | Restaurant FeatureThis month's highlighted restaurant comes from Advocis member Andrei Gornenski
Recommended lower mainland restaurant: Coast Restaurant
Location: 1054 Alberni St, Vancouver, BC V6E 1A3
Favourite dish: Seafood tower
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