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“Depending on circumstances, it may be timely to consider a prescribed rate loan strategy to help effectively lower your family’s overall tax bill.”
In Sunshine Tenasco's children's book, Nibi's Water Song, an Indigenous girl overcomes repeated obstacles to source clean water for her community and becomes a catalyst for change in the wider world.
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.
In any given year, 1 in 5 Canadians will personally experience a mental health issue or illness. This year, there is an undeniably higher degree of stress for many Canadians, given the uncertainty and strain of the current global health crisis.
With health risks and financial concerns on the minds of people across the country, there is no shortage of challenges to face in the global pandemic.
“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.”