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Regardless of your age or stage of life, a proper and up-to-date Will and estate plan offers peace of mind, and can help ensure you and your loved ones are protected.
“Depending on circumstances, it may be timely to consider a prescribed rate loan strategy to help effectively lower your family’s overall tax bill.”
If you’re the owner of an incorporated business, an estate freeze is a planning tool that may improve tax efficiency and help to simplify your estate planning.
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.”
“If you own all the shares of your business, an estate freeze can minimize taxes and provide you with more flexibility.”
“For incorporated business owners or professionals, or key employees, an IPP may be beneficial for enhancing retirement income.”
“As a start, many legal professionals generally recommend reviewing your plan every 3 to 5 years.”
“Things to consider when setting up a charitable foundation.”