Tax Planning & Preparation
Minimizing Your Tax
As the saying goes, there are only two guarantees in life — death and taxes. And the more you earn, the more you’ll have to pay in taxes. We can identify solutions to minimize your tax bill and defer any taxes you are paying annually. It’s not about how much you make or earn, as much as it is about how much you keep in your pocket.
Tax-Smart Strategies
There are tax implications to every aspect of your wealth plan. By using an intelligent and purposeful approach, we can implement tactics that can minimize your tax burden.
- Personal and spousal RRSP contributions
- Income-splitting among family members - both spouse/partner and children
- Income splitting on RRIF withdrawals
- Leveraging trusts and endowments to grow investments at a lower tax rate for children outside of an RESP
- Tax-deferred and tax-exempt options
- Optimizing tax-preferred income in non-registered plans
Tax Planning At All Stages
Tax planning is critical to ensuring your wealth grows according to your plan, helping to meet your financial objectives and retirement goals. As much as we can implement tax-minimizing strategies early on in your wealth plan, we can also help navigate tax implications in retirement. Whether you are getting ready for retirement, or thinking about the tax implications of collecting CPP & OAS in retirement, we can advise you every step of the way.
Contact us today to discuss how we can help you achieve your financial goals
Schedule a Consultation at your convenience — meet virtually, or in-person.
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