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Navigating Wealth with Knowledge
Unlock the Power of Your Corporate Assets Using the Capital Dividend Account (CDA)
Taxation for corporations operates differently than for individuals. Incorporated business owners can leverage several advantages, including tax deferral, income splitting, and tax-efficient dividend strategies. However, one of the most powerful yet under-utilized benefits is the Capital Dividend Account (CDA) – allowing corporations to distribute tax-free dividends to their shareholders. With marginal tax rates in Canada exceeding 50% in some provinces, Canadian-Controlled Private
Navigating Your Lighthouse Wealth Management Consultation
We know confidence in your investment strategy is essential. Whether you’re planning for retirement, seeking tax efficient income, or simply looking to grow your wealth, aligning your portfolio with your unique goals is key to your long-term success.
How do I Find the Right Wealth Advisor? A Thoughtful Approach to Managing Your Future
This article explores the key considerations when selecting a Wealth Advisor.
At Lighthouse Wealth Management, we believe selecting the right wealth advisor is critical and more than just a financial decision – it’s about building a trusted partnership with a team that will help you align your financial resources with your goals, values, and long-term vision.
Part 1 – Turning “Tax Pain” into Personal Gain in 2021 and Beyond
Can you feel the excitement in the air? Unless you are a tax accountant, expect a nice tax refund, or enjoy paying your share, you may not be that excited about income taxes.
Part 2 – Registered Accounts: Where to Save?
Also available on: We discussed tax efficiency in our last article and will continue here. When looking at tax efficiency, the proper use of registered accounts (RRSPs and TFSAs) to defer, shift, and shelter investments from taxes is a key piece of the puzzle and is often not fully understood or used. If you are a business owner, in a high-income tax
Part 3 – RRSPs: A Savings Stalwart
Also available on: In the last two installments of our 5-part series, ‘Turning Tax Pain into Personal Gain’, we discussed a conceptual framework for thinking about taxes and improved our understanding of registered accounts and how they relate to tax planning. In this article, we drill down on Registered Retirement Savings Plans (RRSPs) and how to use them to maximize tax efficiency.