Welcome to Corporate Tax Shelter.ca
If you gave your children $20 to spend on whatever they wanted, and at the end of the week you took back a third of anything they didn’t spend, how happy would they be? Well that’s about how happy Canadian business owners are when their government takes about one third out of their corporate savings accounts.
Over 65% of Canadian business owners are losing enormous amounts of money and are passing up a huge tax benefit that would allow them to save enough money to send their children through university.
Most business owners don’t know that the Canadian government actually wants them to save money on their taxes. In fact, they’ve got a rule that allows business owners to reduce their corporate tax bill by at least 18% and it’s been around for many years.
There’s a very simple way for business owners to re-arrange their assets in a way that they will be taxed at a much lower rate and that money can then be passed on tax-free to their family.
ASK YOURSELF THE FOLLOWING QUESTIONS:
- Do you have surplus cash flow in your business held in a holding company to house passive investments that is not required for day-to-day operations?
- Do you want to reduce your corporate taxes on investment income?
- Would you like to transfer taxable corporate investments into a tax-deferred investment vehicle?
- Do you want to leave your corporate assets to your family tax free?
- Do you want to minimize capital gains tax upon the deemed disposition if shares upon death?
- Would you like those “locked-in” assets to be paid as a tax free dividend through the Capital Dividend Account?
- Do you want to immediately increase the value of your estate?
- Do you want a plan that can protect you and your family from creditors?
If you answered “Yes” to any of these questions then click on the 3 examples above and see how these 3 business owners were able to reduce their corporate tax bill and put that money right back into their pocket.
If you have any question or comments or would like more information, please contact us.
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