Tax Efficient Investment and Retirement Planning

Updated : Sep 21, 2019 in Articles

Tax Efficient Investment and Retirement Planning


If you have maxed out on your RRSPs and TFSAs there are some great financial planning tools available for high networth individuals to investing money in a very tax efficient way. Take a look at your life insurance policy such as universal and whole life insurance policies, which can be utilized for tax-efficient way to investing for the long term or you can set up a family trust this is a great way to keeping long-term asset ownership and for income splitting. This is a good way to pay out other family members in a very tax efficient way. And lastly there are Spousal Loans. You can give a loan to a low-income earning spouse at prescribed interest rates and let them invest that money and be taxed at a lower tax rate. These are some of the ways to investing for the long-term and they’re great retirement planning tools

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