Tax Planning Strategies
Tax planning is the analysis of a financial situation or plan to ensure that all elements work together to allow you to pay the lowest taxes possible. Considerations of tax planning include the timing of income, size, the timing of purchases, and planning for expenditures. I’ll share strategies to help reduce your taxable income by taking advantage of tax deductions and credits. I’ll design a personalized financial plan based on your risk tolerance and smart tax-saving strategies. Minimizing your taxes allows you to grow your investments faster.
Understanding Tax Planning
All the investment decisions you make will ultimately have tax implications. Tax loss harvesting is another form of tax planning or management relating to investments. It is helpful because it can use a portfolio’s losses to offset overall capital gains. There are many ways to reduce taxes that are not only available to high-income earners but to all earners. You can reduce your tax bill considerably by taking advantage of all the tax deductions and tax credits that you’re entitled to.
Cash Flow Planning
My collaborative approach empowers you with the resources necessary to track your expenditures, identify potential areas for reduction or reallocation, and create a dependable budget that instills confidence. Furthermore, I remain vigilant about your income tax planning situation. This attentiveness aids in circumventing unnecessary capital gains triggers, safeguarding your Old Age Security (OAS) and other government credits and benefits, and leveraging your tax brackets to your benefit.
Nic Tustin, BA Econ
I used my experience from BMO, Canada Life, Edward Jones, Sunlife and TD to create apps to help investors pay fewer fees and income tax. I bring my experience from working at a variety of financial institutions to provide you with unbiased recommendations. I primarily focus on tactical asset allocation by actively balancing portfolios to reduce market risk. I create diversified portfolios based on algorithms. Less guesswork and more structure when it comes to investing will help you reach your targeted retirement goals.