Tax and Estate Planning

Everyone finds it normal to pay their fair share of taxes. But why pay more because you are unaware of the existence of certain tax vehicles at your fingertips?

At Finvest, we have surrounded ourselves with seasoned professionals in the tax and estate field.
We are able to prepare a tax strategy for you that maximizes the use of existing tax shelters.
You are wondering about family trusts. What will happen in the future with this type of trust? You have a disabled child. There are savings plans that will help when you're gone.

Tax shelters are defined in the Income tax law. In very general terms, a tax shelter can be a gift arrangement or the acquisition of a property that is presented to the buyer or donor in such a way that the tax benefits and deductions arising from that arrangement or acquisition. appear to be equal to or greater than the net cost of entering into this arrangement or acquiring this property. Likewise, a gift arrangement, where the donor assumes a limited recourse debt in relation to the gift, constitutes a tax shelter. Typically, with limited recourse debt, the borrower does not have to worry about repayment.

  • Some tax shelters are offered to investors by tricking them into believing that the tax benefits will equal or exceed the net cost of the proceeds from those tax shelters.

Before subscribing to a tax shelter, consult us. We will make sure that this shelter has a registration number duly issued by the Canada Revenue Agency and especially that you are truly eligible.

Canadian tax laws provide that a taxpayer is deemed to have transferred all of his assets at fair market value (FMV) immediately before his death. This law can create a large tax debt in the year of death, thus reducing the estate intended for heirs.Canadian tax laws provide that a taxpayer is deemed to have transferred all his assets at their fair market value (FMV) immediately before his death. This law can create a large tax debt in the year of death, thus reducing the estate intended for heirs.

Estate freeze is a technique used to freeze the value of a person's interest in a business and pass the future appreciation of the business to another person while retaining control of the business.

  • This technique allows a small business owner to pass effective control over to his or her successor (s) (children, key employee) without having to pay capital gains tax immediately.

This technique, permitted by section 86 of the Tax Act, allows a restructuring of the capital of a small business without incurring short-term capital gains taxes.

The family trust is a tax measure that can provide many benefits to taxpayers, especially wealthy ones, who opt for this tax measure.

  • From the outset, a family trust helps ensure the stability of the capital accumulated over the course of a lifetime. The trust is a privileged tool for bequeathing money to heirs too young to administer it well.

Trusts also allow for income splitting within a family. A businessman can use this method and thus distribute his income with his wife and children to avoid being the only one to be taxed on this income. In fact, the amount of tax paid should be lower.

Trusts avoid paying tax on a large capital gain on the death of a wealthy individual. The same gain will not be taxed if the asset is in a trust, because a trust never dies.

Contrary to popular belief, trusts must pay tax on their earnings. They are taxed every 21 years on their capital gains according to tax regulations.

Insurance products are offered through several general agents. Finvest distributes the insurance products of several insurance companies.

Guaranteed investments are offered through Investia Financial Services Inc. and / or several general agents.

Segregated fund products are offered through Investia Financial Services Inc. and / or several general agents. Subject to any guarantee applicable to the death benefit, any part of the premium, or any other sum allocated to a segregated fund, is invested at the risk of the policy holder and its value may increase or decrease according to fluctuations in value. market of the assets of the segregated fund.

Investing in a mutual fund may give rise to brokerage fees, trailing commissions, management fees and other expenses. Please read the prospectus before investing. Investments in mutual funds are not guaranteed, their values ​​fluctuate often and their past performance is not indicative of their performance in the future. Mutual funds are offered exclusively through mutual fund representatives registered with Investia Services Financiers Inc. (Investia), and Investia does not provide or distribute any advice or product other than that directly related to the sale of mutual funds. . If the representative provides or offers other advice or services, he must hold the necessary permits and deal with entities (other than Investia) duly registered with the competent authorities. Mutual fund products are offered through Investia Services Financiers Inc.