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When setting up a Tax-Free Savings Account (TFSA) or Registered Retirement Income Fund (RIF), one important decision is choosing between a successor holder and a beneficiary. While both allow assets to be passed on, there are key differences in how they work, especially for spouses and common-law partners. What is a Successor Holder? A successor holder is only available for spouses or

Tax-Deductible Investment Fees: What Investors Need to Know Investment costs can have a significant impact on overall portfolio performance, but understanding which fees are tax deductible can help reduce taxable income and maximize financial efficiency. Canadian tax law allows deductions for certain investment-related expenses—provided they meet specific criteria. Here’s what you need to know about tax-deductible investment fees and how they can

Effective tax planning is essential for Canadian businesses and one critical aspect to consider is the Refundable Dividend Tax on Hand (RDTOH) regime. If you are an incorporated business owner, properly navigating RDTOH is important for corporate distributions and tax efficiency.

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

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.

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.