Strategic Solutions Designed for a Brighter Financial Future
Effective Tax Planning for High Net Worth Individuals
We believe that effective tax planning is essential for preserving and growing your wealth. A team of TD specialists offers tailored strategies that seek to minimize tax exposure and maximize financial efficiency. Comprehensive tax optimization services include:
Income Tax Planning
We structure your investments, income, and expenses to reduce overall tax exposure, helping to ensure you retain more of your wealth.
Capital Gains Strategies
Our team employs tax-efficient strategies like tax-loss harvesting and deferral techniques to minimize capital gains taxes while optimizing your investment growth.
Tax-Efficient Investment Strategies
We strive to ensure that your investments are aligned with the most tax-efficient options, reducing unnecessary tax liabilities while helping to preserve your wealth.
Tax-Deferred Growth Opportunities
We help you maximize the benefits of registered accounts, such as RSPs and TFSAs, and leverage corporate structures to facilitate tax-deferred growth.
Cross-Border Tax Solutions
For clients with international assets or business interests, our cross-border tax solutions help to ensure compliance while minimizing taxes in multiple jurisdictions, including Canada and the U.S.
Corporate Tax Planning
For business owners, we provide tailored strategies to optimize corporate structures, compensation planning (salary vs. dividends), and income-splitting, helping to enhance your overall tax efficiency.
Estate & Succession Tax Planning
We believe that preserving your legacy requires smart tax planning. We help minimize tax on wealth transfers, helping to ensure a smooth transition of assets to your heirs or charitable causes. Our strategies seek to protect your estate and maximize the value passed to the next generation.
Family Business Tax Solutions
Succession planning for family businesses comes with unique challenges. We help navigate reorganizations, optimize tax structures, and minimize taxes when transferring assets, helping to ensure a smooth transition and to protect your business legacy for future growth.
Charitable donations
The tax benefits of eligible charitable donations are available to all Canadians and you may earn tax credits which can lower the amount of tax you owe. Donations can be claimed for the previous five years if they haven't been claimed previously.
There may be another option for high-net-worth individuals who may want to consider giving more to their favorite charity and earning greater benefits. Through a donor advised fund, a benefactor can set up their own account with a minimum of $10,000 with an established foundation and will receive the donation tax receipt up-front. The fund can also provide flexibility if you are initially unsure which charity to donate to as there is no obligation to give immediately to a specific charity. In the meantime, you can continue to contribute to your fund and your money can continue to grow.
As well as a tax credit, donating investments directly can potentially eliminate the capital gains tax on eligible securities. Eligible investments include investments trading on designated stock exchanges, segregated funds, mutual funds, and government bonds. Calculating the tax benefits is complex and depending on your situation, donating the investments, and receiving a tax credit may be more beneficial than selling the investments and facing capital gains.
Individual Pension Plans
High income earners may find at some point in their career that Registered Retirement Savings Plans (RRSPs) may leave too much wealth exposed to tax. An alternative solution is an Individual Pension Plan (IPP), a registered and defined benefit pension plan that a company can structure for their executives. A small business owner may also benefit from an IPP although to qualify they must pay themselves a salary.
An IPP can create more contribution room over and above RRSPs, and contribution room can significantly rise from there until age 65.
Important Tax Information for 2025
- 2025 TFSA contributions can now be made. The annual TFSA contribution limit for 2025 is $7,000 and you can carry forward unused contribution room from previous years.
- Your RRSP contribution limit for the 2024 tax year can be found on your Canada Revenue Agency Notice of Assessment for 2023.
- The deadline for 2024 tax year contributions is 11:59 p.m. on March 3rd, 2025.
- The lifetime maximum RESP contribution limit is $50,000 for each beneficiary.
- The deadline for 2025 RESP contributions is 11:59 p.m. on December 31st, 2025.