Tax planning with Lighthouse Money Management

“In this world nothing can be said to be certain, except death and taxes.”
Benjamin Franklin (1)

Almost everyone who earns money has to pay taxes at some point. Our aim at Lighthouse Money Management is to make your finances, investment and pension income as tax-efficient as possible.

There are tax thresholds and allowances that can enable you to pay less tax. As part of our process, the team here at Lighthouse Money Management will work with you and your accountant to achieve maximum tax efficiency. We can also advise on long-term tax strategies to enable you to keep more of your income every year.

Our team keeps up to date with the latest changes in provincial and federal tax allowances, legislation and grants.

Want to reduce your tax bill?

Contact us for an appointment. We can talk through your current tax position, whether you’re a young worker at the start of your career, senior management or approaching retirement. Our advice on tax strategies can ensure you pay only what you actually owe – and not a cent more.

Professional, comprehensive tax planning can maximize your income across a wide range of areas including:

  • Tax-free savings accounts
  • Charitable donations
  • Health premiums
  • Capital gains on items sold
  • Dividends
  • Child benefit
  • Old age security benefits
  • Pension plans
  • Automobiles
  • Working from home
  • COVID-19 emergency measures
  • Probate & estate costs

Source: KPMG (2)

If you have an accountant prepare your tax return, you may already benefit from tax relief on some of the above. However, your overall finances and portfolio may not be balanced in terms of the maximum tax efficiency you can achieve.

If you’d like to benefit from our tax advice:

SOURCES:

(2) https://assets.kpmg/content/dam/kpmg/ca/pdf/2022/01/ca-tax-facts-2021-2022-en.pdf