[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "A story about setting your legacy for other and the next generation." ]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

They are both in an office with a panoramic view of the city through floor-to-ceiling windows behind them. ]

 

[background music]

 

RANDY YOZIPOVIC: We had the fantastic opportunity to work with a couple who owned a successful business together, and they also knew they were getting ready to sell it.

 

IAN MUNRO: Selling a business can be both an exciting and daunting process. Yes, there would be a large inflow of capital from the sale of the business, however, this would also trigger a much larger-than-normal tax bill.

 

[Image on screen: A close-up of two pairs of hands holding a small, green plant sprouting from a clump of soil. The larger, more rugged hands on the right appear to be those of an adult, gently cradling the plant and soil, while the smaller, pudgy hands on the left belong to a child, reaching up to touch the plant. The background is a soft-focus tapestry of green and yellow, suggesting a garden or a lush, natural setting. ]

 

RANDY: Knowing this, we created a financial plan for them that would not only help them generate a lifetime retirement income, but it would also allow them to creatively minimize tax by providing funds to charitable causes that they were passionate about.

 

IAN: Luckily, this couple recognized the benefits of giving. Yes, there are excellent tax benefits, but they were keen to experience the cooperation, joy, and family connection that would come from building a spirit of giving into their financial plans.

 

RANDY: After building this retirement income plan that reassured the family that they would more than have enough capital and income to meet their goals, we suggested they take 10 years of their planned giving, and donate it in the current year to their own personal charity or foundation that we simply set up with a one-page form, then we help them invest the money in a disciplined, balanced portfolio.

 

IAN: The costs of this were lower than setting up a traditional foundation and the family received a significant tax deduction in the year that they sold their business.

 

RANDY: Aside from financial security, the family ended up being most excited by the giving plan, and now they even meet annually with family members to discuss their giving goals for the capital that they're going to give away each year. They often tell us how much they love this experience, and they're so glad that we suggested it. I would say if this story resonates with you and giving is something that you've been thinking about, connect with us, and we'd be more than happy to put a plan in place to see if this is a fit for your family as well.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]