Ryan Patterson

Ryan Patterson Joins the Alitis Team

Alitis is excited to welcome Ryan Patterson to our team.

As the Senior Real Estate Strategist, Ryan’s focus is on the analysis and review of potential real estate investments as well as the ongoing monitoring of current holdings. As Alitis continues to grow our real estate division and expand our portfolio, Ryan will continue to work with our current as well as potential future partners to maintain a successful long term real estate strategy.

Ryan joins the team at Alitis from an appraisal background, having spent the last five and a half years as an associate appraiser specializing in market rental analysis, feasibility studies, multi-family and commercial real estate valuations, including portfolio assessment reviews for large holdings of private and public organizations. Prior to being an associate appraiser, Ryan had spent his career in the business world, working on building, growing and restructuring businesses in a variety of different industries.

Ryan has completed his Bachelor of Commerce (B.Comm) degree with a focus on International Business as well as post-secondary courses in Real Estate through UBC’s Sauder School of Business. Ryan was born and raised in Victoria, B.C., and though he has lived all over North America, he has always called Vancouver Island home.

We would love to hear from you – fill out the form below to learn more about the real estate strategy offered at Alitis.

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Disclaimers and Disclosures – Alitis Investment Counsel Inc. (“Alitis”)

This is provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein to anyone in any jurisdiction where such offer or solicitation would be prohibited.

Opinions expressed should not be relied upon as investment advice. This does not take into account the investment objectives, risk tolerance, financial situation or specific needs of any particular person. Each person’s investment objectives, risk tolerance, financial situation and specific needs should be evaluated before making any investment decision. This may contain economic analysis and opinions, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. All opinions expressed herein constitute judgements as of the date of this post and are subject to change without notice.

© 2022 Alitis Investment Counsel Inc. All rights reserved. Unauthorized use, distribution, duplication or disclosure, in whole or in part, or in any form or manner, without the prior written permission of Alitis is prohibited by law.

Income Investing – Small Adjustments Make a Big Difference

With investing, there are many times when small adjustments prove to be significant drivers of better return. The asset class best known for a focus on the measurement of microscopic changes in value is within fixed income investing. Within income investing, there are a few main components that one must be aware of. These include […]

Alitis Top 5 TFSA Tips

Doing little things right over the course of your life can make a big difference to your family’s financial well being. Tax Free Savings Accounts (“TFSA”s) are one such thing whose benefits can really add up over time.

While contributions are made to a TFSA with after-tax dollars, these plans are attractive in that the investment growth (Canadian interest, Canadian dividends and capital gains) accumulates tax-free. Better yet, all this accumulated principal and growth can be paid out tax-free. This rule applies when one makes withdrawals for personal spending or for gifting, and when TFSAs are left to your heirs as part of your estate plan. The other good news is that simply holding a TFSA or withdrawing from one during your lifetime does not negatively impact income-tested benefits and credits, like the Guaranteed Income Supplement, Old Age Security payments (claw back) or the age credit. Tip #1: the TFSA provides great tax and non-tax benefits to people of all income levels and is of great value to heirs.

You can either designate a spouse as a successor holder for your TFSA in your Will (with proper terms included) or an even easier way is to make the successor holder designation right in the plan documentation with help from your financial adviser. A successor holder spouse who inherits the plan gets to preserve their spouse’s built-up plan contributions plus they can contribute to the inherited TFSA by adding on their own accumulated contribution room. They can keep two plans or choose to combine the inherited plan with their own existing TFSA. Using a successor holder designation for your TFSA avoids probate fees on the plan and continues the tax preferences of the inherited TFSA on to the spouse. Tip #2: naming a spouse as successor holder makes for smart tax and estate planning.

You may also name someone else as a beneficiary (e.g. child, grandchild or sibling). In this case, the TFSA at your death would be de-registered and those TFSA assets would transfer tax-free to the beneficiary and they would benefit from the bumped-up cost base. Although other beneficiaries do not inherit your contribution room, as a spouse can, these beneficiaries can establish their own TFSA from the inherited assets and use their own unused accumulated contribution room. Using a beneficiary designation for your TFSA avoids probate fees on the plan. Tip #3: even if you name a spouse successor holder, you should still name a beneficiary in case the successor holder dies before you.

A common practice has been to hold interest-bearing investments inside TFSAs to shelter highly taxed interest income. While this makes logical sense, holding capital gain growth assets in your TFSA may be a good alternative if these assets are planned to be kept and can serve to minimize tax on high growth assets down the road or at the time of death. Also, while Canadian dividends and interest are specifically tax-free in a TFSA, non-Canadian dividends, such as those paid by U.S. stocks, or foreign interest are subject to withholding taxes in a TFSA and there is no way to get these taxes back. RRSPs do not have withholding taxes applied so are better vehicles to hold foreign securites, as are non-registered accounts where at least you can claim foreign tax credits on your income tax return. Tip #4: review with your financial adviser the asset composition of all of your investment accounts and allocate assets to the TFSA based on your personal situation.

The good news is that the annual TFSA limit has gone up to $6,000 as of January 1, 2019. If you are age 18 and over and are a Canadian Resident you can contribute to a TFSA. If you have never contributed to a TFSA, depending on your age, you could contribute up to $63,500 (for those who were age 18+ in 2009). Tip #5: contribute the newest amount early in 2019 and any accumulated limit for yourself, your spouse and as financial gifts for children or adult grandchildren to maximize the tax benefits of the TFSA for your family.

If you’d like more information on this or other investment strategies, please contact a member of our team at info@alitis.ca.