Your Trusted Tax Partner

Common Tax Planning Strategies

1️⃣ RRSP Contribution Strategy

Contributing to an RRSP reduces taxable income.

Example:

If your taxable income is $100,000 and you contribute $15,000 to your RRSP, your taxable income drops to $85,000, potentially saving thousands in taxes.

2️⃣ Income Splitting Opportunities

Certain income can be shared with family members in lower tax brackets.

Examples include:

• Spousal RRSP

• Prescribed rate loans

• Salary to family members (for business owners)

✔ Helps reduce overall family tax burden.

3️⃣ Incorporation & Salary vs Dividend Planning

Business owners can reduce taxes by choosing the right mix of salary and dividends.

Example:

Paying dividends may reduce CPP costs, while salary can increase RRSP room.

We design the optimal mix based on your goals.

4️⃣ Capital Gains & Investment Planning

Only 50% of capital gains are taxable in Canada.

Planning tips:

• Time asset sales across tax years

• Use capital losses to offset gains

• Structure investments tax-efficiently

5️⃣ Tax Planning for New Immigrants

Newcomers often miss credits and deductions in their first year.

We help with:

• Residency status determination

• Foreign income reporting

• Asset disclosure requirements