Tax Planning
Tax Efficient Ideas
Subscribe to my “LP Update” and “Strategy Update” for regular commentary on tax-efficient investment and financial planning ideas.Building your wealth requires a careful look at your overall financial picture, particularly your own personal circumstances and the tax implications of your investments.
While an RRSP is an important tool for deferring income and taxes for retirement, there are other options to consider as part of the planning and investment process.
Is Your Mortgage Tax Deductible?
Most Canadians can make their mortgage interest tax deductible, providing a way to pay their mortgages off faster and build a larger retirement nest egg. Call me if you would like to see if this is applicable to your circumstances.
Is Your RRSP Too Big?
It is entirely possible that you can reach your retirement goals sooner by using other tax planning strategies.
Did you know?
- You can turn your mortgage, likely the largest debt of your life, into an annual tax deduction?
- Some investments can provide an income deduction as large as your initial investment?
- There are several ways to split income between family members?
- If you plan to leave an estate, an integrated estate and retirement strategy can provide you a tax-free retirement income and an estate that attracts little tax, leaving more for your beneficiaries?
- Key employees, executives, business owners and incorporated professionals have a variety of specific strategies available to them?