How can I pay less tax?

Everyone wants to pay less tax, but you have to consider two things: the investment choices you make, along with the tax planning techniques you apply.

In the Canadian tax system different types of income are treated differently with some forms of investment income taxed more beneficially than others. The use of flow-through shares†, income trusts, dividend-paying stocks and select income-focused funds serve as examples of investment vehicles that may be appropriate for you. Nevertheless, choosing the right tax efficient investments represent only half of the equation.

The use of effective tax planning techniques is equally important. Splitting pension income, year end tax loss selling, doing an estate freeze, using insurance*, tax free savings accounts or charitable donations serve as examples of techniques we use to help reduce, minimize or defer your taxes payable.