Consider the strategy now before the rate rises on July 1
Paul Marion will develop a new tax and wealth planning framework for wealthy clients
Complex relationships are increasing the risk of litigation
Simplified tax reporting was one solution floated in a report by PwC
As taxes on the wealthy increase, strategies such as diversifying income sources and income splitting can be beneficial
Dec. 31 is a significant deadline for many tax strategies
Without a strategy, clients with large plans could be heavily taxed on payments
The prescribed rate on loans to family members remains set at 1%
The next step is narrowing the menu of tax possibilities, focusing on measures likely to pass
An NDP proposal from last year calls for an annual tax of 1% on families with fortunes over $20 million