Skip to content

Tax Preparation

 

What is Tax Planning?

Successful financial planning requires implementing strategies to help you achieve both short-term and long-term goals. Since taxes often represent one of your largest ongoing expenses, smart tax planning is essential to staying on track with your financial objectives. Every tax situation is unique, so your tax plan should be tailored to your personal priorities and financial goals.

Effective Tax Planning Strategies:

Pension Splitting Between Spouses

Pension splitting is a strategy available to individuals receiving pension income, whereby they split that pension income with their spouse or common-law partner in order to minimize their income tax liability.

Investing through Whole Life Insurance

A tax-exempt life insurance solution that can be used as an investment vehicle that facilitates tax free growth on your savings and provides an additional income stream come retirement.

Flow Through Shares

A tax incentivised investment strategy that involves investing in certain asset classes, which can then be claimed against your income.

Life Annuities

Life annuities make prescribed payments to you, in exchange for a lump some up-front payment, and are only taxed on the interest portion of the investment.

Individual Pension Plans

All funds that are paid into an individual pension plan by a business are fully tax deductible against your personal income.

RESP Contributions

RESPs are a registered tax-sheltered savings plan designed to help you save for your children’s post-secondary education.

Registered Retirement Savings Plan

RRSP contributions are a simple way to save for retirement, and are also fully deductible against your income.

TFSA Contributions

A flexible savings account that can help you achieve both short– and long-term savings goals, with all earnings free from taxation.

Tax Preparation

At the Ciminelli Group, we provide a wide range of tax preparation services tailored to your specific needs. Whether you're a busy employee, executive, or seasoned entrepreneur, our team of experienced tax specialists are here to help. We’ll assess your personal tax situation and ensure you take full advantage of all available credits and deductions. You’ve worked hard for your money - let us help you keep more of it by optimizing your tax return.

Icon-6

Rental Properties

You’ve worked hard to acquire, manage, and generate steady returns from your real estate investment properties. We’ll work with you to explore opportunities that may help optimize your real estate tax return, potentially enhancing your overall investment returns.

sales-person

Commissioned Sales Person

Often individuals with commission paying jobs don’t realize just how much they could be saving in taxes. Whether it’s deducting client related or professional expenses, there are numerous ways to minimize your tax bill.

Icon-4

Employee Tax Returns

When preparing Tax Returns for employees and executives we ensure that every variable is taken into consideration to minimize your tax bill. We look beyond T4s and other standard T Slips to optimize your entire tax situation.

Tax Preparation Services may be provided by Wealth Planners, Associate Portfolio Managers, or Portfolio Managers.

Disclaimer: Luca Ciminelli and The Ciminelli Group are not licensed to provide insurance solutions such as Life Annuities. All insurance solutions are offered through Optimize's MGA, Financial Horizon's Inc., by a licensed individual of Optimize Inc. to residents of Ontario, British Columbia, Alberta, and Manitoba.

The Result? Minimizing your taxes will enable you to keep more of your hard earned money and will help you achieve your goals quicker than ever.