On July 18, 2017 the federal government released a consultation paper proposing a number of strategies which target private corporations with regards to income splitting, multiplication of the lifetime capital gains exemption, holding a passive investment portfolio inside a private corporation and converting a private corporation's regular income to capital gains.
The strategies discussed in this article may be affected by the proposed measures in the consultation paper and the accompanying proposed legislation. If you are an owner of a private corporation you should consider the potential impact of the proposed measures and discuss the implications with your Advisor.
To read the full version of the article please contact us at 416-842-5942 for a complimentary copy.
A look at income-splitting strategies to help leave your family with more.
Speak to us to understand the rules that may prevent you from income splitting. Please contact us at (416) 842-5942 for a complimentary copy of the issue.
Written by the experts at RBC Wealth Management, Perspectives magazine highlights topical issues relevant to high-net-worth investors and addresses their wealth management concerns – from insights on tax strategies to family and lifestyle interests.
" Happy Spouse, Happy House-Four reasons to keep your spouse involved in managing your family's wealth" featuring an interview with Grant Richmond.
One of the featured article in our September issue. All clients received this newsletter with their September statements. Please contact us at (416) 842-5942 for a complimentary copy.