Clients with non-personal assets, in many cases, require a much more customized approach. Due to the possibility of multiple layers of taxation, specific understanding and care is required to reach the most effective solution.
However, having non-personal savings creates opportunities for efficiency. By utilizing and leveraging different strategies and tools, we are able to provide a better after-tax outcome.
The CCPC Tax Changess
In March 2018, the Federal government made changes to how qualifying active business income was taxed for corporations with more than $50000 of adjusted aggregate investment income.
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Turbo Charge your Retirement Savings
Individual Pension Plans are an effective way for a business owner to provide a regular income for themselves in retirement, while also being a tax efficient way to draw money out of the corporation. The assets in the IPP are also creditor proof, in the event your corporation is subject to a lawsuit.
Corporately Owned Life Insurance
Corporately Owned Life Insurance can be a tax efficient savings strategy to optimize retirement and estate planning.
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Index Advantage
By leveraging the collective wisdom of the index, we are able to avoid single security risk. Total Return Indexes allow us to gain exposure to the major passive indices in both a cost effective and highly tax efficient manner.
This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold the securities referred to above. © CIBC World Markets Inc. 2020
Insurance services are available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are available through CIBC Wood Gundy Financial Services (Quebec) Inc.
Given the complexities involved, specialized tax and pension advice must be sought to ensure an Individual Pension Plan (IPP) is appropriate to individual situations. An IPP strategy must be considered within the context of a comprehensive financial and estate plan.
The enclosed research report is not prepared subject to the disclosure requirements under the IIROC Rule 3400.
