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Tax Planning

Almost every financial decision you make, from investing to retirement planning and education funding, carries tax implications that can affect your income, savings and ability to reach your financial goals. We are committed to taking a proactive approach to aligning your financial goals and investments with the most effective tax strategies. We consider both current and future tax implications when evaluating potential financial decisions.

Optimizing Financial Outcomes

  • What are the most tax-advantageous investments for me?
  • Should I defer capital gains?
  • How can I take withdrawals for retirement in a tax-efficient manner?

Tax planning should not be limited to discussions during tax time. Regardless of the simplicity or complexity of your financial situation, implementing tax strategies throughout the year can provide significant benefits to minimize tax liabilities and maximize tax efficiency.

Some Tax Considerations

Tax planning encompasses a variety of strategies to minimize or reduce the amount of taxes you owe so you can keep more of your hard-earned wealth. These include deferring income, reducing taxable income, taking advantage of deductions, credits, and other incentives, and utilizing tax-advantaged accounts.

Too much capital taken out of a Registered Account could trigger an Old Age Security claw back. As such, a schedule to determine the most appropriate income stream needs to be taken.

Strategies relating to which investments should be held in taxable accounts and which should be held in tax sheltered accounts need to be put in place.

United States citizens living in Canada need to be aware of investments that can create tax issues when filing their U.S. taxes. As well, a tax-sheltered account like a TFSA will probably not be a suitable option.

Remember, each individual’s financial circumstances are unique, and it is crucial to tailor tax strategies accordingly.

Our Approach to Tax Planning

We emphasize the importance of making strategic financial decisions throughout the year and structuring your investments in a tax-efficient manner.

Our Wealth Management Advisors will help you explore various tax planning opportunities. These opportunities may include deferring income, minimizing taxable income, taking advantage of eligible deductions and credits, and utilizing tax-advantaged accounts such as TFSAs and RRSPs. We will work with you to integrate tax planning into your overall investment strategy, retirement goals, and estate planning, ensuring a cohesive approach.

By implementing effective tax strategies, you can potentially retain more of your hard-earned money, accelerate the growth of your investments, and even have additional funds to allocate towards your financial objectives. As your circumstances evolve, we will provide ongoing guidance and support to ensure that your tax strategy remains effective and aligned with your goals.

Our Expertise

Our Wealth Management Advisors are dedicated to assisting you with all aspects of Tax Planning. Here are some of the ways we can assist you:
Using RRSPs, IPPs and TFSAs to save on taxes
Proper planning for RRIF withdrawals to optimize income
Tax treatment of different investments (interest, dividends, capital gains)
Reducing your tax burden with applicable tax deductions and credits
Navigating cross-border tax complexities (for U.S. citizens or other expats living in Canada)

Contact Us

Let us know how we can assist you.

Our Offices

Westmount Head Office
Montreal – West Island
Montreal – South Shore
Calgary

Westmount Head Office

Address
4420 St. Catherine Street W
Westmount, Quebec H3Z 1R2 Canada
Telephone
514-934-0586
Telephone
1-800-811-0527

Montreal – West Island

Address
6500 Trans Canada, Suite #140
Pointe-Claire, Quebec H9R 0A5 Canada
Telephone
514-697-0035
Telephone
1-800-811-0527

Montreal – South Shore

Address
Centre Complexe Dix30
1040 Rue du Lux, Suite 410
Brossard, Quebec J4Y 0E3 Canada
Telephone
450-321-0001
Telephone
1-800-811-0527

Calgary

Address
1333 8th Street SW, Suite 302
Calgary, Alberta T2R 1M6 Canada
Telephone
403-228-2378
Telephone
1-800-456-0949
Founded in 1986, Rothenberg Wealth Management is a leading investment firm and trusted wealth management partner for families, individuals, their affiliated business and condominium corporations.
© 2024 Rothenberg Wealth Management Inc. All Rights Reserved.
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