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Tax Planning

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TAX PLANNING Bowman & Partners Assante Capital Management Ltd. (Member CIPF)
CANADA’S TAX SYSTEM ,[object Object],[object Object]
Marginal Tax Rates (2009) ,[object Object],29% $126,265 or more 26% $81,453 - $126,264 22% $40,727 - $81,452 15% $10,320 - $40,726 Tax Rate Taxable Income
Ontario Tax Rates (2009) Ontario also has a surtax of 20% of Ontario income tax in excess of $4,257, plus an additional 36% of Ontario income tax in excess of $5,370. 11.16% $73,699 or more 9.15% $36,849 - $73,698 6.05% $8,881 - $36,848 Tax Rate Taxable Income
Key Concepts ,[object Object],[object Object],[object Object],[object Object]
Preparing Your Tax Return ,[object Object],[object Object],[object Object],[object Object],[object Object]
Preparing Your Tax Return (continued) ,[object Object],[object Object],[object Object]
TAX PLANNING ,[object Object]
Tax Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Deferral Plans ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Implications of Accounts Not taxed Taxed Not taxed Withdrawal Not taxed Not taxed Taxed Income Not deductible Deductible Not deductible Deposit TFSA RRSP “ Open”
Tax-Friendly Investments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Eligible Deductions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Credits* ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],* In the Canadian system, most tax credits are “non-refundable”
Charitable Giving ,[object Object],[object Object],[object Object],[object Object],[object Object]
Reducing Net Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Alternative Minimum Tax ,[object Object],[object Object]
Estate Taxes ,[object Object],[object Object],[object Object],[object Object],[object Object]
WHAT’S NEW ,[object Object]
Recent Tax Changes ,[object Object],[object Object],[object Object],[object Object],[object Object]
What’s New in 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object]
How Can We Help You? ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]

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Tax Planning

  • 1. TAX PLANNING Bowman & Partners Assante Capital Management Ltd. (Member CIPF)
  • 2.
  • 3.
  • 4. Ontario Tax Rates (2009) Ontario also has a surtax of 20% of Ontario income tax in excess of $4,257, plus an additional 36% of Ontario income tax in excess of $5,370. 11.16% $73,699 or more 9.15% $36,849 - $73,698 6.05% $8,881 - $36,848 Tax Rate Taxable Income
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. Tax Implications of Accounts Not taxed Taxed Not taxed Withdrawal Not taxed Not taxed Taxed Income Not deductible Deductible Not deductible Deposit TFSA RRSP “ Open”
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.

Editor's Notes

  1. One of the missed opportunities is people not getting full benefit from their RRSP.
  2. Access to Assante Wealth Management for our high-net-worth investment clients who have complex estates.