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Strategies

Tax Planning

"The hardest thing to understand IN THE WORLD IS THE INCOME TAX."

Albert Einstein

You work hard to earn your money and in turn you want to see it work for you.Tax planning is a vital part of building your wealth so it is important to take a look at the tax implications of your investments. Neil and Michael will recommend the right mix of investments for your portfolio, so you can start paying less tax while ensuring optimal returns.

The first step is to meet with a professional tax advisor and find out how much tax you pay in total, and how much tax you pay on each type of income you receive.

Once you receive the appropriate recommendations, Neil and Michael will help you develop a tax-effective investment strategy.

Click on the links below to learn more...

Black-Stratton Tax Strategies:

Understanding Flow Through Shares and Limited Partnerships: If you are looking for a tax strategy this year, then you may want to consider looking at an investment in a flow through limited partnership.
Flow Through Shares
Labour Sponsored Investment Fund (LISF): Choose from among almost 100 LSIFs and receive a 30-35% tax credit (up to $5,000 maximum). Federal and provincial governments provide these credits because they hope that these funds, which invest in small companies, will stimulate research and development and/or create high quality jobs in their jurisdictions.
Leverage: Investors choose leveraging to build a larger investment portfolio sooner. Borrowing to invest can add substantially more assets to your mutual fund portfolio over time.
Universal Life Insurance: A policy that provides permanent life insurance coverage with an investment component. Allows assets to grow on a tax-deferred basis and provides the ability to pay down your coverage within a few short years, enhancing your estate. The original death benefit and the investment account value are paid out tax-free to your beneficiaries when you die.
Corporate Class Mutual Funds: Defer taxes when switching between funds within the Corporate Class structure.

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To get you started, we offer our Practical Perspectives in our Tax Planning Handbook, which is designed to show you how much tax you are paying and to give you tips on how to reduce that amount. The handbook covers topics such as the taxation of investment.

For more information on Tax Planning, please read the following articles...

Income Splitting Between Spouses

Income Splitting Between Spouses Part 2

Income Splitting with Pension Income

Income Splitting with Children

Future Generation Educational Expenses

Tax Break for Donating Securities

Year-End Tax Tips

Is Incorporation Right for You?

Understanding how investment income is taxed

Getting the most out of Capital Losses

Turning non-deductible debt into deductible debt