Tax Planning

Taxes represent the largest barrier to wealth accumulation in Canada. Knowing how tax rules affect your investments is essential to maximizing your wealth. We work with you and your tax professional to ensure that you minimize tax implications.


Tips to lower your overall tax burden:

  1. Make full use of available tax deferral plans by placing investments with the highest tax burden in your RRSP or TFSA
  2. Income Splitting - Spread income among family members who are taxed at a lower marginal rate (subject to the income attribution rules) in order to lower your family’s overall tax burden.
  3. Make use of pension and retirement income splitting opportunities between spouses, as well as the $2,000 Pension Income Tax Credit.
  4. Engage in a ‘tax-loss selling’ strategy.
  5. Be aware of the superficial loss rule - also known as the 30 Day Rule.
  6. Use an investment loan. Generally, interest expenses are deductible for tax purposes.
  7. It may be worthwhile to review your portfolio with us to consider where tax efficiencies may be gained.
  8. Speak with your accountant or other tax advisor to when considering any of these options as they apply to your individual tax situation.