Tax Minimization Strategies
Would you like to reduce the tax you pay?
As a result, you can let the cost savings grow in our unique, tax-efficient investments, bringing you closer to your financial goals, both near and long-term. Our network of professionals will work carefully with you, your lawyer and accountant, to develop you a plan that reduces the tax you pay and fulfills your financial objectives. For instance, would you like to reduce taxes payable on income or on the sale of property? Not to worry. We offer a number of custom solutions for all areas of life, including at the time of passing.
Both safe and highly effective, these solutions are based on strategies resident in the tax act.
Read a Tax Minimization case study to find out how these strategies turned a client's tax burdens into wealth accumulation opportunities.
Contact Gord Berger, our Tax Minimization Representative, to learn more about our comprehensive tax-minimization strategies.
A Tax Minimization Case Study
An owner of a company, with $2 million of income, approached us with substantial tax burden issues. Having drawn more than $150,000 over a ten year period, he faced the highest level of taxation in Ontario at 46.4%.
We customized a proactive solution to reduce his tax burden and help him build his wealth more effectively, both near and long-term. First, we recommended an “Individual Pension Plan” for his company. He followed our advice and benefited immediately. In accordance with its regulations, his company was allowed to make a tax-deductible deposit worth $250,000 into the plan as compensation for his years of service. Representing yet another benefit, his company could begin making contributions to the plan significantly larger than what could be deposited in their RRSP.
Second, we implemented The Wealth Creator™, allowing our Client to make ongoing deductions against income, providing him with annual tax relief. Over time, these tax-savings can be put towards a tax-free Retirement Plan.
- With our assistance, the Client converted his tax burden issues into wealth accumulation opportunities:
- He lowered his tax burden, saving himself a substantial amount of money.
- He created a long-term tax reduction plan.
- He redirected his tax-savings towards a tax-free Retirement Plan and tax-deductible investment opportunities.
Quite simply, we helped our Client turn a negative situation into a number of very big financial positives, helping him achieve his financial goals. Let us help you.
Tax Minimization: Next Steps
Ready to take the next step?
To learn how you can personally benefit from our Tax Minimization Strategies, contact Gord Berger:
Would you like to learn more about our Tax Minimization Strategies?
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Our wealth managers work closely with clients across Toronto, Niagara Falls, Kitchener, Barrie, Peterborough, Hamilton, Oakville, Guelph, Oshawa, Markham, Vaughan, Brampton, Mississauga, St.Catherines, Orillia, and Collingwood, Ontario.