Ever feel like you’re paying too much tax?
Regardless of the degree of a person’s affluence, the complex tax system that we are governed under in Canada makes careful tax planning essential for everyone. With tax to be paid when we earn each dollar, save each dollar, and then again when we spend each dollar, the careless Canadian stands to lose a great deal of their earnings in taxes. Through careful planning and pro-activity the tax losses can be greatly reduced. Consideration must be given to marginal tax rates, available credits, income tested benefits and claw-backs, and the different tax attributes of the assets that form your estate.
With expertise in tax planning, tax shelters, and the development of income integration strategies, our team at Lighthouse Private Wealth can partner with you and your accountants to help you understand your unique tax considerations and options and to develop a custom tailored plan to help you manage and minimize the tax burden realized over your life.
After all, it’s not what you make, but what you keep that determines your lifestyle potential.