Services financiers banque royale canada rbc hanmer Services financiers commerciaux Nos directeurs de comptes agiront envers vous comme des partenaires, tirant parti de toutes les ressources que RBC met à votre disposition. Nous pouvons vous fournir les solutions et les conseils financiers dont vous avez besoin pour que votre entreprise atteigne son plein potentiel. Services bancaires par téléphone 506 864-2275. Support technique Banque en direct/Mobile 506 864-1555. RBC Banque Royale Banque Royale du Canada RBC WaterPark Place, 16th floor 88 Queens Quay West Toronto, ON, M5J 0B8 RBC Placement en Direct.

Rbc vacations rbc yonge and finch

Remember when your oldest child saw her first jellyfish? She studied it from all angles and talked about it for days. That momentous event happened at the family beach house. It’s also where she and her fiancé announced their engagement. While a second home may be a place you visit on occasional weekends and holidays, it’s often linked with many treasured family memories. “I can’t stress how important it is,” says Catherine Walker, a senior trust consultant for RBC Wealth Management-US near Wilmington, Del. It’s important to preserve those memories by ensuring that such a property is part of the estate planning process and stays in the family. “That’s where families tend to congregate – whether it’s a family cabin or a condo in Florida.” But a vacation home is expensive to maintain. “The parents love going to the beach and assume their children do to, but that might not be their idea of fun.” Once a family has determined what they’d like to do with their vacation home, the next issue to consider is taxes. “What I find with vacation property is there’s more sentimental value to it than your residential real estate,” says Bill Ringham, a senior wealth strategist for RBC Wealth Management-U. Sometimes parents make a decision to sell the home because of those costs without talking to their children or other family members about their plans. Often the tax implications will influence whether it’s possible to keep the home in the family or best to sell it. Another common mistake is for parents to think their children love the vacation home as much as they do and want to keep it, but that’s not always the case. Property left to someone in a will must go through probate – a lengthy legal process – and may face estate taxes. Federal law exempts up to $5.45 million in assets from gift and estate taxes per individual in 2016. When thinking about what to do with the family vacation home, the first step should be to talk to your children about the vacation property, say RBC Wealth Management-U. Many people gift vacation homes to minimize federal and state estate taxes, says Tom Six, a wealth strategist for RBC Wealth Management-U. In addition to federal estate tax, 15 states plus Washington, D. C., levy an estate tax, and six states have an inheritance tax. And those state exemption limits may be much lower – as low as $675,000 in New Jersey – through the end of 2016. Given all these variables, there is no one-size-fits all approach to how a family should handle their vacation property during the estate planning process. Here are a few: Parents can sell the vacation home to their children to increase their capital liquidity in their later years or as they enter an assisted living facility, says Ringham, who inherited a cabin with three siblings. In choosing this option, parents are no longer responsible for expenses or property taxes. Parents can decide to transfer their vacation home to their children now, but continue to use it until they pass. The property still is included in the estate for tax purposes. Transferring property outright to your kids as a gift will reduce the size of your total estate, but may use some of the federal exemption during your lifetime, says Ringham. A gift that exceeds the federal annual exemption – $14,000 in 2016 – may face a gift tax of up to 40 percent. However, parents can gift portions of the property up to the federal annual limit over a number of years, Six says. In that case, the property must be appraised each year, but because the owners have partial interest, they can use tax valuation discounts. If the parents pass on before the entire property is gifted, the rest is included in the taxable estate. Twenty-seven states offer a transfer-on-death (TOD) deed, or beneficiary deed, both of which have the benefit of not triggering probate. The parents don’t have to be residents of the state and the designation can be changed during their lifetimes. Parents can put vacation property into a Limited Liability Company (LLC). They keep at least 51 percent ownership of the LLC and designate their children as shareholders of the rest. This is another way for parents to reduce their taxable estate. They also can add provisions to prevent an ex-spouse of a child from obtaining the asset in a divorce or deter others from going after the LLC interest, says Six. It’s important to note that pending government regulations would restrict valuation discounts on certain transfers of partial interests in property in 2017. When determining what to do with a vacation property, families must also consider probate, the legal process through which a will is recognized and approved. Transferring a vacation property into a trust has multiple benefits, the first of which is that by doing so, the asset will not trigger probate. But this strategy also lets parents leave property to non-family members and lets parents keep some control the property – even after death. A trust makes sense if a vacation home is part of a large estate with multiple assets. Parents also can name a trustee – or a corporate trustee to avoid family conflicts – to manage the assets. There are several types of trusts for families to consider: Parents can place their vacation property into a revocable trust with their kids as ultimate beneficiaries, but retain full control. This vehicle also allows them to change their minds while they’re still alive. At death, the living trust automatically converts to an irrevocable trust. Vacation property and other assets can be placed in this trust, which cannot be altered. After death, property ownership remains with the trust and all the beneficiaries have an interest in it. “If one of three kids is sued after a car accident, a creditor can’t try to take away the property interest in the trust,” says Walker. Some states, such as Minnesota, have created “cabin” trusts that articulate the guidelines of the use of a cabin, including rules such as payment of taxes and expenses. Beneficiaries have an interest in a cabin trust, which can pass from generation to generation, and includes money for maintenance costs for a period of time, says Ringham. Parents can transfer a vacation home to this trust and continue to use it for a specific number of years. This irrevocable trust is used to reduce the parents’ taxable estate and lower the gift tax value of the home, says Ringham. If the parents outlive the trust’s term, the property will not be included in their taxable estate. Estate planning can be difficult, especially if there are long-standing rivalries, complicated blended families or financial issues. What if two of your four children don’t want the vacation home? In that case, the estate assets can be divided equitably among family members. For example, parents may leave a $250,000 vacation house to one daughter, leave $250,000 in investments to one son and the other two children equally share the remaining $500,000 in assets. Another major concern for parents is who will pay the taxes, insurance and upkeep on the vacation property after they die, Walker says. Parents can use life insurance (owned by a trust or payable to the trust) or designate trust assets to manage the property, she says. It’s more complex if the vacation home is in another country, where ownership by a trust may not be recognized or where property transfers to people who aren’t citizens of that country may not be allowed, according to Six. For example, Canada doesn’t have an estate tax, but capital gains may be due at death on appreciated property value, Ringham says. And some European and Caribbean laws limit how much of the property can transfer to a surviving spouse, he says. Before buying vacation property in a foreign country, families would be well served by consulting with a lawyer who’s familiar with the laws of both countries. While estate planning is seldom straightforward, the decision over what to do with the family vacation home can often prove to be one of the more complex pieces of the process. Experts advise that families with a vacation home or cabin spend time talking about whether such an asset should be handed down to the next generation, and, if so, how best to make that transfer. This material is not intended to replace the advice of a qualified tax advisor, attorney, and accountant or insurance advisor. Consultation with the appropriate professional should be done before any financial commitments regarding the issues related to the situation are made. using Java Script to ensure the best experience through the site. Please check to learn how to enable Java Script on your browser and enjoy the best experience. For more than a century, RBC Wealth Management has provided trusted advice and solutions to individuals, families, institutions and charitable foundations. Put our award-winning global network to work for you. Vice President & Director, Head RBC Wealth Management Services “In a time when answers to virtually every question are just a click away, people are unfortunately ignoring the fact that opinion is not the same as reputable expertise and advice. The value of proper wealth-management guidance cannot be overstated, as it encompasses your entire financial situation at each life stage.” View profile President and CEO of RBC Royal Trust “Seniors are the fastest growing age group in Canada. In 2011, five million Canadians were 65 or older, a number that will double in the next 25 years. As this number increases along with life expectancy, so do the complexities associated with aging, including health-related issues.” View profile Chief Economist RBC Global Asset Management Inc. “In retrospect, the decision to deliver fiscal stimulus during the worst of the economic downturn was inspired. Not only have bond markets reacted well, but international evidence has also congealed around the conclusion that every dollar borrowed generated two in economic benefits. So far, so good.” View profile using Java Script to ensure the best experience through the site. Please check to learn how to enable Java Script on your browser and enjoy the best experience. Rbc vacations rbc etudiant Travel Services Terms & Conditions. Orbitz, LLC is represented in Québec by Tour East Holidays Canada Inc. a Québec licensee. Orbitz, LLC is not responsible for content on external Web sites. The ACH Direct Payments & Deposits Bank Holiday Schedule outlines bank holidays in Canada and the United States. With the schedule, you can manage payments more effectively by knowing well in advance when bank holidays occur. Furthermore, to help you avoid payment delays due to bank holidays, the schedule also includes submission guidelines. Bank Holiday Schedule The ACH Direct Payments & Deposits Bank Holiday Schedule outlines bank holidays in Canada and the United States. With the schedule, you can manage payments more effectively by knowing well in advance when bank holidays occur. Furthermore, to help you avoid payment delays due to bank holidays, the schedule also includes submission guidelines, which specify when payments should be submitted. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. †Bonus points are awarded by CWT when you pay with your eligible RBC Royal Bank® credit or redeem points and are in addition to the standard RBC Rewards points you earn per dollar. GET MORE GOING Carlson Wagonlit Travel is a major force in the Canadian travel industry. Bonus points are not awarded on taxes, service charges, surcharges. That gives us clout with the world’s leading travel suppliers and means more for you. CWT Vacation Club members get more exclusive perks, more special savings and more R B C Rewards ® points. Each vacation in the Club is selected for its quality and is backed by our Peace of Mind Guarantee. We offer only select products - each hotel or resort, tour company and cruise is carefully chosen to meet our high standards for quality and value. We offer Guaranteed Satisfaction - you will receive what was promised. We stand behind what we sell plus we work with a select group of travel partners - the best in the country, even the world - who also stand behind every product of theirs we put in the club. We know that you want the best value possible for your dollar and our Vacation Club delivers. Review on Iberostar Grand Rose Hall, Ja ...10 Ways Travel Agents Add Value to Your ... Watch for our best offers where we can save you hundreds on upgraded rooms, cruises and tours. Our travel counselors are the most experienced in the business and are dedicated to their clients. Plus, you can rest assured that if problems occur, you have the entire Carlson Wagonlit Travel world-wide network behind you.


Buying a vacation property or second home is something special you do for yourself and your loved ones — a way to share the good things in life. The RBC Vacation Home Mortgage can help you enjoy that experience sooner. Whether you're looking for a second home that can be used for year-round enjoyment – or a cottage for weekend getaways – the RBC Vacation Home Mortgage could be the ideal solution for your borrowing needs. We understand that vacation properties are all different, and that your financing needs are unique. That's why the RBC Vacation Home Mortgage gives you the flexibility to choose the specific mortgage features that work best for you. The RBC Vacation Home Mortgage is Canada's first mortgage solution that lets you finance up to 95%Default insurance required for all financing over 80% of appraised value of vacation home and in some cases, depending on the property type and other factors, for financing over 65% of the appraised value of vacation home. Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. You are on: Cruises, Tours & Package Holidays When it comes to cruises, tours and package holidays, the world is yours for the asking. Step 1 - Sign in Step 2 - Pick the credit card or account you want to use to redeem Step 3 - Start planning your trip You are on: Hotels Stay anywhere in the world – from Paris to Peterborough, and choose any level of accommodation from basic motel chains all the way up to opulent 5-star hotels or resorts. Step 1 - Sign in Step 2 - Pick the credit card or account you want to use to redeem Step 3 - Start planning your trip You are on: Car Rentals Wherever you're going, your RBC Rewards points can help cover the cost of the rental car or truck you want. Choose your destination, the type of vehicle you would like, and the dates you would like it for. Rbc vacations royal action direct The RBC Vacation Home Mortgage is Canada's first mortgage solution that lets you finance up to 95% 1 of the value of your vacation home. That means you could own your vacation home sooner than you think! Vacation now with CWT and get more points, more savings and exclusive offers. As an RBC Rewards member, you're entitled to free membership in the CWT Vacation Club. You'll get more travel savings, more exclusive perks and bonus RBC Rewards ® points. Travel Services Terms & Conditions. Orbitz, LLC is represented in Québec by Tour East Holidays Canada Inc. a Québec licensee. Orbitz, LLC is not responsible for content on external Web sites. If this is your first booking with us, create an account now to save your information. It will only take a minute and you'll be able to check out even faster next time you book.