Tax Minimization Strategy

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 strategy’s includes:

  • Taking advantage of the tax sheltering provided in registered plans (TFSA, RRSP, RESP, IPP/PPP)
  • Optimizing tax-preferred income and use of capital losses 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.
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