What’s a Registered Retirement Savings Plan (RRSP)
[vc_row][vc_column][vc_column_text]A Registered Retirement Savings Plan (RRSP) is a savings and investment option designed for both employees and self-employed individuals to plan for their retirement. RRSP contributions offer significant tax benefits, allowing contributors to save money during their working years while postponing tax payments until retirement saving when their marginal tax rate is often lower compared […]
How tax works with family trusts
An important thing to consider in your wealth planning process is how the taxes work with family trusts. A family trust is viewed as a taxpayer for federal income tax purposes and pays the top marginal tax rates. As such, it will enable you to avoid tax so much as to reduce your tax liability. […]
Combien de temps faut-il pour mettre en place une fiducie familiale ?
Il est très simple de mettre en place une fiducie familiale au Canada. Il s’agit d’un processus simple pouvant être réalisé en trois étapes seulement et de manière rapide, à condition que vous possédiez tous les documents nécessaires et que vous puissiez compter sur les services d’un conseiller financier ou d’un avocat fiscaliste compétent. Jetons […]
How long does it take to set up a family trust?
A family trust is an essential tool for high-net-worth families, but it takes a little time and paperwork to get them up and running. The exact time taken to set up a trust differs depending on the specifics of the agreement and the pace at which the settlor and their advisors move. It can take […]
How to set up your family trust in Canada
It is straightforward to set up a family trust in Canada. It requires a simple three-step process. Provided that you have all the necessary documentation and are working with an expert wealth advisor or tax lawyer, it can be done quickly and with minimal fuss. First, let’s take a look at the family trust setup process. Step 1: Draft a trust document The first […]
How are Canadian family trusts different?
Family trusts have the same benefits in Canada as elsewhere. However, some of the legal frameworks applicable in Canada mean that trusts, which are commonly used by the wealthy in all countries, can be used to great advantage even by middle-class families. Read on to learn about the two main, unique benefits that Canadians can […]
En quoi les fiducies familiales canadiennes sont-elles différentes ?
Les fiducies familiales présentent les mêmes avantages au Canada qu’ailleurs. Toutefois, certains des cadres juridiques applicables au Canada signifient que les fiducies, qui sont couramment utilisées par les personnes riches dans tous les pays, peuvent également être utilisées de façon très avantageuse par les familles de la classe moyenne. Lisez ce qui suit pour connaître […]
The advantages of having a family trust
A family trust is an extremely effective tool for the management and transfer of family assets. There are four primary advantages of family trusts – and these are enough to prove how important it is for a high-net-worth family to consider establishing one. Reduce the tax payable on death An individual who holds a large […]
Les avantages d’une fiducie familiale
Une fiducie familiale est un outil extrêmement efficace pour la gestion et le transfert d’actifs familiaux. Elle présente quatre avantages principaux qui, à eux seuls, suffisent à prouver combien il est important pour une famille fortunée d’envisager d’en établir une. Réduire l’impôt à payer au décès Une personne qui détient un grand nombre d’actifs, de […]
What exactly does a family trust do?
If you have ever considered – or been advised to consider – setting up a family trust, you may wonder what exactly the point would be. What can a trust do for you? Family trusts have several benefits for you as the grantor and for your beneficiaries. Here are the three most important benefits of family trusts, which make […]
