Tax Strategies
Tax Efficient Structures
Many high net-worth individuals and business-owners are looking for ways to become more tax-efficient. There are a few options that can help that they may not have considered, such as: Individual Pension Plans (owned by the corporation, thus rendering all contributions tax deductible to your corporation) and Retirement Compensation Agreements (increasingly popular due to recent incremental increases in corporate tax.)
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Insurance that is owned by a corporation protects the business if the business owner passes away before succession can take place, but also has some powerful tax benefits as well. This type of planning is extremely important and we want your entire team to be involved, including your accountant and legal team. We would welcome an introduction to your team to ensure everyone is on the same page, and working to give you the best advice and solutions.
Once again, each situation is unique, so if you would like some more information and education on how these options work, reach out to us to schedule to a meeting and find out how you could be saving money!