T.J. Marinelli

We draw on the expertise of a variety of TD investment professionals and risk management specialists who provide our team with economic and market research. This research helps us not only manage your portfolio, but also identify the opportunities that lie in market shifts as they occur.

At TD Wealth, you will have access to diversified and risk-balanced investment choices that aim to take intelligent advantage of market opportunities.

Who might consider this? A sole proprietor or someone starting a new business.

Owning an incorporated business can allow you to keep funds within the company structure where there is preferential tax treatment. The most obvious example is that the tax rate for small businesses (9% to 13%) is considerably less than the personal marginal tax rate for individuals (which may be closer to 50%). There may also be significant tax deferral opportunities and, depending on the nature of the business, a significant lifetime capital gains exemption available for the owners.

If you privately hold real estate situated in the U.S. in excess of US$60,000 and your worldwide assets exceed US$11.7million as of 2021, then you may be subject to U.S. estate tax. 

Business owners and entrepreneurs should be aware of the legal and accounting charges involved with setting up a corporation: Shareholder agreements, articles of incorporation, annual financial statements and reports and filing tax returns are just some of the costs involved.

Who might consider this? Families who are sharing wealth and complex tax issues.

The tax benefits of a trust are the abilities to distribute wealth to family members and to lower the overall tax exposure of the family. A trust, which is regarded as a taxpayer for Canadian income tax purposes, is a legal relationship between the person who sets up the trust (the settlor), the person who manages the assets in the trust (the trustee) and the individuals who benefit directly — the beneficiaries of the assets. It can be used to mitigate taxes around the transfer of property, estate planning or preserve assets for minors.

Estimating what you will need during retirement will involve a blend of personal reflection and number-crunching. If you’re between five to ten years away from retirement, now is the time to sit down with us and review your planning. We can help you estimate your spending and withdrawal patterns over the span of your retirement as well as facilitate your switch from asset accumulation to asset utilization, if applicable. It’s important to look at constructing a flexible, tax-efficient cash flow to pay your fixed expenses, while having a clear sense of your discretionary spending.

We understand that it may be a complicated process. That’s why we’re here to help. In collaboration with TD estate and trust specialists, we can work with you to develop a customized, multi-faceted strategy to help you protect your family’s wealth as you prepare for the future. We can assist with formalizing your business succession strategy and identifying strategies to help minimize future estate taxes.