Tax Planning

In-Trust Accounts
Parents and other relatives are using in-trust accounts more and more to save money for a child, generally for his or her education. The child can save birthday and holiday gifts, as well as Child Tax Benefit cheques in this type of account.
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Income Splitting  Opportunities
Income splitting is the loaning or transferring of money to a lower-income person (for example, a spouse or child) so that the income or gains from investing the money are taxed at a lower tax rate, which decreases the overall tax burden of the family unit.
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Joint Accounts - There are two important reasons that you should consider a joint account. One is to minimize probate and the other is to ease the administration on the account. There is much more to know so be sure to get all the information.
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