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PLANNING STRATEGIES
Below you will find a variety of frequently asked questions and answers for Planning Strategy scenarios.
Click directly on any of the solutions beneath the questions, and you will be offered a detailed explanation.
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1) How can I defer taxes on capital gains in an active investment portfolio?
Tax Deferred Mutual Funds
3) How can I maximize my spendable income while preserving a financial legacy for my beneficiaries?
Personal Insured Annuity
7) "I want to control my property while I am alive; take care of myself and my loved ones if I become disabled; give what I want, to whom I want, the way I want, when I want; and if I can, save every last tax dollar, professional fee, and court cost possible." - How can I do this?
Intervivos Trusts: The Ultimate Estate Planning Strategy
8) I am worried that my beneficiaries will spend all of their inheritance too soon when I´m gone. - Is there a way to provide safe guards and at the same time minimize income tax that they may have to pay?
Testamentary Trusts
9) I wish I could move to Alberta, but since I can´t, is there some way that my investments would be taxed as if we did reside in Alberta?
The Alberta Resident Trust
10) I have heard that upon death all of my RRSPs / RRIFs will become 100% taxable. - At what rate and how can we minimize these taxes or find a way to help pay them?
RRIF Taxes
11) As a business owner wanting to prepare for retirement, what would work best for me? Should I continue depositing to my RRSP portfolio, or establish my own individual pension plan?
Individual Pension Plans
12) Although we own a very successful business, we have not developed an exit strategy. What concepts and issues should we be considering?
Business Owner’s Exit Strategies
13) In planning to exit from our business, how can we access capital within our corporation to achieve our objectives?
Raising Estate Capital from Corporate Assets
14) Although we have a very comprehensive group insurance package for ourselves and our employees, it still does not cover everything. What can we implement that will broaden our coverage significantly?
Health & Welfare Trusts or Private Health Services Plan
15) I have heard a number of professionals refer to retirement compensation arrangements. As a business owner, should I be considering this?
Retirement Compensation Arrangements
16) We have substantial assets in our holding company and would like to invest these funds in a safe, secure, tax efficient investments. Does the corporate insured life annuity make sense for us to consider?
Corporate Insured Life Annuity
17) I have a thriving professional practice, and as a result my personal tax rate is 46.4%. I know other professionals who have incorporated their practice, what are the advantages for me?
Professional Practice Incorporation
18) Is there a way to convert my non-deductible interest on loans to tax deductible interest?
Tax Deductible Interest
19) Besides my annual RRSP contribution, as an employee, I seem to have few other deductions available to me. What else can I do to reduce my personal income tax, and increase retirement capital?
Tax Deductible Interest
If you would like to receive more information on these subjects or speak to an advisor, please click HERE.
* Please be advised that some of the planning strategies illustrated on this web site require the use of insurance products that are supplied by third parties. Lawton Partners is not licensed to sell insurance products and is therefore not responsible for these products.
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