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COVID-19: How RBC Wealth Management is helping clients. Learn more
As the increasing federal debt dilemma continues, the U.S. government and taxpayers may reach a financial destination they have not been before.
RBC Wealth Management Services analyzes the latest proposed federal budget measures, and the effect they may have on you.
“Depending on circumstances, it may be timely to consider a prescribed rate loan strategy to help effectively lower your family’s overall tax bill.”
Exploring the topic of prescribed rate loan planning and why it may be a timely approach for some families.
“Within tax planning, two main aspects are minimizing taxable gains and finding ways to effectively manage losses. It’s here that the strategy of tax-loss selling may be beneficial.”
“For some families, there may be opportunities to reduce taxes by setting up a prescribed rate loan.”