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Wealth Management

Tax Planning

Proper tax planning strategies will always play a very important part at all age, and we understand the importance of strategically integrating of tax strategies with overall wealth management plan. We work with experienced CPAs to provide proper tax planning to our you, and are happy to work with your accountants and lawyers effectively and legally minimize the amount of money you are paying out. Some common strategies include the utilization of various registered accounts and family trust, proper usage of debt instruments and insurance, choosing tax efficient investments, and etc. The use of these strategies will vary based on personal circumstance.

Risk Management

Growing and building assets is very important, but at the same time, protecting one’s life and hard-earned assets against unexpected life events are also important. Personal risk management is the process of identifying, measuring, and treating personal risk, followed by implementing the treatment plan and monitoring changes over time. Tools used to include but not limited to insurance and family trust.

Retirement Planning

  • Retirement planning is one of the most discussed topics in Canada. It is always discussed by advisors, various calculators and simple concepts are also available online. Government of Canada even have a website dedicated to this topic.
  • Personal planning is important because it is the determining factor of your satisfaction with your retirement lifestyle. Financial planning is crucial because it identifies your sources of income and expenses and establishes your retirement budget, based on your personal plan.
  • Even though Canada is a country well known for its world leading social benefits, retirement planning grows more and more important because of the per longed life expectancy. Retirement used to mean 10 – 15 years after retirement, now the average retirement life lasts for at least 30 years. That means you need to plan for longer and for more. Furthermore, relying solely on social security or a pension is risky. Retirement does make you eligible for low-cost medical coverage and monthly benefits, they most likely won’t be enough to give you the comfortable retirement of your dream. Medical support and social benefits are meant to supplement for retirement income, instead of being the solely income source.
  • For younger people, retirement seems like something that would not happen in a very long time, however, the most important thing is to start today, not even tomorrow. Plan early allow you to put yourself in the best situation. A good start is half way to success, in terms of retirement planning, start early and develop a good habit of saving is the good start required.


International Asset Transfer

  • With the growing amount of immigrates and international business in Canada, international asset transfer is becoming a topic for a lot of families, especially those who are looking to a fresh start in Canada. Canada’s $1.6 trillion economy is one of the largest and most stable in the world, and have been attracting foreign investments for a long time. However, there are some unique characteristics and laws to understand beforehand.
  • We work with some of the worldly recognized companies in Canada to provide proper international asset transfer strategies, in order to help our yous with the process and participate in the local market quickly. 

Family Trust

A family trust is a legal entity, it holds assets, invest and enter into contracts with third parties. Family trust is worth considering if you want to pay less taxes, plan the transfer of your wealth or protect your child’s assets or interests, especially for entrepreneurs. Some of the benefits of family trust includes reduce tax payable on death, transfer wealth within family, protect assets, protect a child, and so on.

Estate Planning

  • Estate planning often arises when the new generation is born or when retirement is closer. Whether it’s leaving a legacy for your family or donate to charity, how to reduce taxes and ensure your beneficiaries inherit what you intended for them are always important questions to solve.
  • In estate planning, Canadians don’t have to contend with an estate tax the way U.S. citizens do. However, what many people don’t realize is that a “deemed disposition tax” applies when you die. The deemed disposition tax is so named because your investments are deemed to be sold at death. Any capital gains triggered by their sale are included in a final income tax return filed in the year of your demise. A final tax return also includes the value of any retirement accounts and income received from stocks, bonds, real estate investments, and even life insurance proceeds in the year of death, from January 1 up to the date of death. With Canadian federal income tax rates of up to 33% in 2019, this final taxation can be substantial. Provincial taxes and probate fees also apply.
  • Writing a will is extremely important and a start for estate planning. Your ill will ensure your financial affairs are managed according to your wishes once you are no longer able to do so. Without a valid will, you are considered to have died intestate. When that happens in Canada, the province you lived in decides how your assets are distributed, without regard to your wishes.
  • Trusts and insurance should be in place to avoid delays and extra expenses. The proper utilization of these strategies and tools can help you to distribute in the way you want them to be.