In it’s efforts to rein in what it considers tax loop holes, the Canadian Government has recently floated a tax package that takes aim at private corporations.
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The Liberal government is considering tax changes that will affect business owners who use corporations to augment their retirement plan.
For many investors in the Oakville or Toronto area, real estate has been a good strategy. However, the question is, for how long? Maybe it's time to revisit the idea of downsizing?
Family trusts are frequently established to facilitate tax efficient intergenerational asset transfers, to protect assets and or to maintain or guide control of assets being transferred.
There are a number of differences between registered and unregistered investment accounts, but the main differences mostly revolved around tax.