The start of a new year also marks the beginning of tax season. From RRSP to TFSA, fee deductibility and deferred income annuities, adopting the right tax strategy can be quite complex, but it is crucial to take full advantage of what you have.
If you’re a Canadian business owner looking to self-finance a short-term shareholder loan through your company, it’s important to know how you can arrange corporate loans without having to include them as income.
The LCGE is helpful for business owners and their families by allowing them to avoid paying taxes on capital gains (up to a certain amount) when they sell shares in a qualified business, farm property, or fishing property. In this blog, Amit Tewary, Wealth Advisory Associate, discusses the planning considerations that may affect your LCGE.
There are many advantages to having a holding company: it helps protect assets from liability, facilitates income splitting, allows for tax deferral and more. However, there are also some disadvantages to be aware of and not all incorporated businesses need to have another company to hold their assets.
With investors experiencing massive equity corrections and interest rates falling to rock bottom, an additional asset class, which may offer augmentation to your retirement plan, can be considered. In this article, we review a retirement strategy from two angles: standard and augmented.