Without a doubt, we are one of the heaviest taxed countries. Therefore, a tax focus is extremely important when building a wealth strategy. A few taxable consequences are earned income, interest, dividends, capital gains, rent, purchases of goods and services, the sale of a business, the sale of a rental property, and of course, taxes upon your demise. I will collaborate with our tax specialists and your existing team in order to help minimize your tax burden.

Some tax-smart strategies include:

• Taking advantage of the tax sheltering provided in registered plans (TFSA, RRSP, RESP, IPP/PPP)
• Optimizing tax-preferred income and use of capital loses in non-registered plan
• Establishing trusts and endowments
• Choosing tax-deferred and tax-exempt options
• Splitting income among family members
• Appropriate asset allocation of investments per accounts
• Spousal loans
• Focusing on the net IRR and net estate values