Tax Strategies
Tax Planning Advisors in Canada
We provide tax efficient solutions to help you manage and build your wealth.
Toronto Tax advisors will help to manage your wealth
Tax-smart strategies include:
- Choosing tax-deferred and tax-exempt options
- Optimizing tax-preferred income in non-registered plans
- Establishing trusts and endowments
- Splitting income among family members
Goals, Plan, Portfolio
Our GPP framework is designed to lead you to a secure and rewarding retirement. It’s not just about navigating financial markets: It’s about charting a course for your future that reflects your unique aspirations.
Goals:
Your Vision, Our Priority
Imagine your ideal retirement: Is it traveling the world? Starting a new venture? Supporting your
family? At TMFG, we begin with your dreams. We listen to what you envision for your golden years and turn those dreams into tangible financial goals.
Plan:
Crafting Your Custom Strategy
Goals without plans are just wishes. We translate your retirement goals into a comprehensive, actionable plan that addresses every aspect of your financial life. Think of us as your financial architects, designing a plan that supports your lifestyle and ambitions.
Portfolio:
Beyond Traditional Management
Managing your portfolio is crucial, but at TMFG, we go beyond traditional asset management. We integrate your goals and plans into a dynamic portfolio strategy that evolves with you.
Who can benefit from tax planning service?
- Self-employed individuals
- Employed individuals
- Executives
- Business owners
- Professionals
Why TMFG for Tax Planning Strategies in Canada?
- Over 30 years of financial planning expertise
- Licensed individuals for complex estate tax planning strategies
- In-house tax professional (CPA)
- Intimate knowledge of all clients’ financial information (i.e. cashflow; net worth; insurance; estate distribution; etc.)
Financial Planning and Wealth Management
by Canada's Top Awarded Financial Advisors
In partnership with CI Assante Wealth Management Ltd. – one of the largest wealth management firms in Canada.
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What Our Clients Say About Us
We are thankful to have been clients for so many years, with no intention to move elsewhere. Highly recommended.
I highly recommend!
How to become a client
1
Discovery process
Meet us face to face or online, to see if we’re a good fit and discuss your goals.
2
Action plan
Review your custom-built financial plan and ask any questions and offer feedback.
3
Commitment
Discuss the implementation of your plan, sign paperwork and begin your journey towards financial success.
Request A Meeting
FAQ
Tax advisors typically provide advice and guidance in one piece of an individual’s financial situation – tax. A financial advisor considers all pieces of an individual’s financial situation and creates a plan that encompasses all elements
A proper tax plan requires a complete understanding of an individual’s financial picture. A cashflow statement – details of all income sources; net worth statement – assets and the details of their acquisition.
One problem with tax planning is the focus on one element of an individual’s financial situation. Strategies to reduce taxes may have a negative impact to other parts of their financial situation.
By utilizing tax strategies and other tools, an individual can reduce their taxes payable to benefit their current and future financial positions.
The earlier the better. The year that an individual starts earning taxable income is the opportune time to think about ways to reduce tax.
Your wealth increases with every dollar that remains with you and not with the CRA. Strategies employed to reduce your taxes payable not only preserve your wealth but grow it as well.
Tax deferral means to delay paying tax on income, until a future event. Tax-exempt means taxes are not payable on income earned. An example of a Tax-deferred account is a Registered Retirement Savings Plan (“RRSP”). You do not pay tax on the money until withdrawn. An example of a tax-exempt account is a Tax Free Savings Account (“TFSA”). You do not pay tax on investment income earned nor on any withdrawals.
Any type of account that provides deferral or exemption of tax is beneficial for retirement. It is not a cookie-cutter answer, but both accounts can be utilized in a retirement cashflow plan.
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