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Category: Tax Planning

The Single Premium Insured Annuity

October 19, 2016Tax PlanningEric Wachtel

Available until January 1, 2017 A New Approach  A new method of structuring an insured annuity has restored its favourable results.  The new approach involves combining the prescribed annuity with a Universal Life policy. The UL policy is funded with…

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Is there a tax-effective way to hold and distribute assets?

September 8, 2016Corporate Insurance, Estate Planning, Tax PlanningEric Wachtel

Are you a business owner looking to save tax while maximizing the legacy you leave.  Please watch this short video and if you’d like to explore this option, please don’t hesitate to call me at 905-366-3866 Ext. #3228  

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The Clock is Ticking!

May 9, 2016Corporate Insurance, Life Insurance, Tax PlanningEric Wachtel

Don’t Put Off Your Decision to Buy Life Insurance 2016 is an opportune year to buy life insurance.  New laws affecting the taxation of life insurance come into effect on January 1, 2017. After this date new policies will not…

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9 Ways the 2016 Federal Budget Could Affect Your Business

April 11, 2016Featured Articles, Tax PlanningEric Wachtel

The Trudeau government’s first budget contained a shock on the small business tax rate, and some smaller let-offs by Murad Hemmadi for ProfitGuide When Bill Morneau rose to deliver his first budget speech as Finance Minister in Justin Trudeau’s new…

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Taxation of Life Insurance – New Rules Offer a Window of Opportunity

March 14, 2016Estate Planning, Life Insurance, Tax PlanningEric Wachtel

Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs.  Soon the amount of funds that can be tax sheltered within a life insurance policy…

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Changes to the Taxation of Estates

November 9, 2015Estate Planning, Tax PlanningEric Wachtel

Estate, trust and tax planners have long favoured testamentary trusts as vehicles to pass along assets to beneficiaries or heirs.   A testamentary trust is generally a trust or estate that is created the day a person dies.  Commonly, these trusts…

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Estate Planning Tips for Real Estate Investors

October 12, 2015Estate Planning, Tax PlanningEric Wachtel

For many Canadians the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence, however, investment in recreational and real estate investment property also forms a substantial part of…

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Budget 2015 Highlights

May 9, 2015Investing, Retirement Planning, Tax Planning, TFSAEric Wachtel

On April 21, 2015, Finance Minister Joe Oliver tabled his first federal budget.  The provisions of the budget will be of particular interest to owners of small and medium sized businesses, seniors and families with children.  As well, those looking…

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5 Recent Tax Changes for the 2015 Tax Season

April 12, 2015Tax PlanningEric Wachtel

Tax time is almost upon us and there are some recent changes which will affect many Canadian residents.  The important changes to keep in mind are as follows: The Family Tax Cut This is the watered down version of income…

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How To Save Tax in Canada

April 14, 2014Tax PlanningEric Wachtel

In April of each and every year the majority of Canadians collectively experience angst and stress as they complete the ritual of filing their income tax returns.  Some, I have been told, get violently ill while others get violently angry. …

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