Tax Planning Strategies for High Income Earners in Canada: Keeping More of Every Extra Dollar
A strong year at work, a large bonus, or a well-timed sale of investments can push taxable income past $258,482, where every extra dollar lands in the top federal bracket. Once provincial tax is added, more than half of each additional dollar goes to tax in Ontario...
Inheritance Tax Planning in Canada: What Your Estate Will Actually Owe
Leaving an inheritance in Canada does not trigger a government inheritance tax bill. It can still trigger a large one, just under a different name, and it lands on the deceased rather than the beneficiary. Deemed disposition treats everything they owned as sold at...
Corporate Tax Planning in Canada: Managing the Small Business Rate and Salary vs. Dividends
Incorporating a business does not, by itself, save any tax. The savings come from how the corporation is actually run afterward, and specifically from three decisions that interact with each other on every return, and that sit at the center of tax planning strategies...