Tax Minimization Strategies
Canada is one of the most heavily/harshly taxed nations in the world. In fact, the average Canadian forfeits almost half of his or her income to various forms of taxes each year, representing a major obstacle to accumulating wealth and realizing their dreams. Our team will work with you to examine your financial situation and identify potential areas for saving tax. We can help you to formulate strategies to lighten your tax load and free up funds to enhance your life – now or in the future. Choosing more tax-efficient investments is one potential strategy for minimizing tax. Increasing tax deductions, deferring income to a future year and splitting income with a family member are some of the other strategies we will explore with you. The federal and provincial tax rules are complex and continuously changing. And likely, so is your personal situation. To ensure you continue to pay as little tax as possible, we encourage you to sit down with us each year for a tax review. For most Canadians in this stage of life, the line is never as straight as it looks. Business opportunities, aging parents, divorces, blended families, market meltdowns, health challenges, golden handshakes –– just to name a few –– may enter the mix and leave one at a loss of just what exactly to do next. There are always solutions that make sense, no matter what life may have in store for you. Whether you’re worried about your health or the health of a loved one, family continuity, retirement possibilities or planning for sabbaticals, sorting out the tax and estate implications is part and parcel of a winning financial plan. Helping you to answer that question is what we do best. A winning financial game plan is not glamourous, it’s just common sense. For more information or to set up an appointment to discuss your dreams, please feel free to contact our office. Let’s get the conversation started!
Canadians are among the most heavily taxed citizens in the world, so it’s our right and privilege to ensure that we take advantage of any tax saving opportunities on the road to maximizing assets. Whether it’s simply taking advantage of RRSPs, RESPs, RRIFs, TFSAs or RDSPs, our team is equipped with the knowledge and strategies to guide you to a tax plan focused on making sure you are getting all your dues.