Tax Planning in Ontario
Reduce tax liabilities and improve your financial efficiency with integrated tax planning. Our proactive strategies are tailored to complement your overall financial plan.
Our Approach to Tax Planning Services for High-Net-Worth Families
The amount of your income and investment returns that you retain is often as important as how much you earn. A wealth plan without due consideration for tax implications can sometimes result in you paying more in taxes than necessary.
Our tax optimizationand mitigation strategies are designed to ensure your family optimize available deduction and tax credit for which you’re eligible. More importantly, our forecasting allows us to identify potential tax burdens in your future and create a plan to mitigate them, thereby helping your family protect a greater proportion of your wealth.
Specifically, our investment advisors will:
- Analyze the sustainability of your wealth through retirement and beyond
- Assess your net worth and cash flow needs, now and in the future
- Understand the projected value of your estate
- In the case of business owners, be aware of their corporate structures and succession goals
- Explore strategies for transferring wealth efficiently according to your wishes
- Appreciate your risk exposure and identify mitigation strategies to protect you and your family
- Identify strategies to minimize taxes
- Identify opportunities to optimize your investment strategy
What is Tax Planning?
Tax planning involves analyzing your financial situation to legally reduce tax liabilities. It’s a proactive strategy that evaluates income sources, investments, and potential deductions. For high-net-worth individuals, effective tax planning integrates complex strategies such as income shifting to balance taxable income, estate structuring to efficiently transfer wealth, and leveraging tax-advantaged investment vehicles to maximize returns while minimizing tax liabilities. At Momentum Wealth, we ensure that both your personal and business finances are structured efficiently, allowing you to retain more of your wealth.
The Benefits of Our Wealth Management Tax Planning Services
Our wealth management services offer sophisticated, personalized strategies for high-net-worth families. By focusing on areas such as estate structuring, income optimization, and long-term tax efficiency, we provide a framework that supports your financial stability and growth. Our comprehensive approach includes managing trust taxation, optimizing capital gains, and enhancing dividend strategies, ensuring every aspect of your financial portfolio is aligned for maximum tax efficiency. Momentum Wealth is committed to delivering expert guidance that helps clients achieve their financial goals with confidence and precision.
WHY Momentum Wealth?
Our Philosophy at
Momentum Wealth
At Momentum Wealth, we focus on long-term investments, crafting portfolios that align with the specific wealth objectives of each client. Our wealth management services for high-net-worth families, individuals and institutions emphasize a research-driven strategy, considering both predictable and unforeseen life events. This results in a customized, diversified portfolio built to support your current and future financial goals, including effective tax planning.
As independent advisors, we uphold a fiduciary duty to explore every investment avenue, including those typically reserved for high-net-worth families and financial institutions. Additionally, we invest our assets in portfolios similar to those we design for our clients, ensuring a personal commitment to our strategies.
Insights & Education in Tax Planning
December 23, 2024
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December 3, 2024
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November 22, 2024
Written by Peter Sproule, CFP, CLU, CHS With the US General Election now behind us with what has turned into a sweep for the Republican Party and the President-Elect, Donald Trump, there is a lot of anticipation for the start of the next term on January 20, 2025. For investors, this period can be confusing, as talking heads guess at what policies and changes may or may not happen, and when. As...
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