Take some key steps before the end of the year and early in the new year from a tax planning perspective to make a positive impact on your overall finances.
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When considering selling or transferring the cottage, certain strategies are available to you and your family that can minimize, defer and help plan for the inevitable tax arising.
If you are looking at opportunities to maximize your tax return, income splitting – the ability to use the lower tax rates of other family members to decrease the personal tax bills of you and your family – may meet your needs.
Being philanthropic doesn’t just make you feel good, it’s also one of the top characteristics of wealthy people. We’ve outlined some key considerations that can help you build a solid charitable giving strategy.
Whether you plan to sell your business or transition it to the next generation there will be decisions to make and planning to be completed.
Eat, slept and dreamt your business. But now it’s time to move on. The decision to sell can be the result of many factors, but often there are two key reasons that families will consider selling a business.