In 1798, Benjamin Franklin penned, and I paraphrase, “but in this world, nothing can be said to be certain except for death and taxes.” In this episode of the Business owner playbook, I speak with Gavin Miranda, a Regional Tax Leader at MNP here in Ottawa, to talk tax and get his view on some of the strategies business owners, and other individuals are implementing in light of this pandemic. We talk about popular strategies such as Estate Freezes, Tax-Loss selling, the Prescribed Rate loan, as well as a few other tax-saving strategies Canadians are taking advantage of in this current climate. So, if you are a business owner, or someone who wants to try and reduce your tax bill, I think you will enjoy this conversation.
Since I had Gavin for only a short period of time, I’ll have to get him back to talk about other ways to be more tax efficient. These include Individual Pension Plans (IPP) and Charitable Giving. If these strategies are of interest to you, and you feel you can't wait, please check out these resources on my website.
Enjoy the rest of your week.