Taxed Too Much has both the experience and in-depth knowledge in Canadian tax law and regulations to help families, the self-employed and investors with tax savings. We provide our clients with a number of tax shelter opportunities to meet long term financial goals.
We ensure you'll create a portfolio that conforms to your individual situation, preserving more after-tax income by funneling money into various tax saving strategies.
- Charitable Donations. Through two programs, Destiny Health Initiative and Universal Health Care Trust, you can make a monetary contribution for significant tax deductions. This alternative is ideal for those who have maxed out their RRSP limits.
- Wills and Estate Planning. We advise anyone to make this a first step towards tax reductions in the event of death. We'll help you draw up a plan so more of your estate wealth, property and material assets go to your spouse and/or children - and less tax money to Ottawa.
- Insurance. Universal Health insurance plans have certain tax advantages such as when the insured dies, beneficiaries receive both the face value of the policy plus any tax-free interest amount accumulated in the account.
- Tax Credits. Taxed Too Much believes most people don't take full advantage of these methods to reduce taxes. Many can use income splitting, tuition and education credits, medical expenses claims, pension income credits and other strategies to help diminish taxable income.
We'll assess your particular financial situation and provide useful suggestions to come up with a financial portfolio that targets your needs and long term financial goals.
