We realize that for most of our clients, success is measured in terms of delivering the maximum financial assistance, and transfer of wealth, to their families. Canada’s income tax regime is designed around the principle that a tax on accumulated wealth is presumed when capital transitions from one generation to the next. While sometimes unavoidable, this tax can, nevertheless, be anticipated, and minimized, with careful planning throughout a professional’s career.
Lohn Caulder monitors this issue as a matter of course, throughout our relationship with our clients. Estate planning and matters of succession are as complicated and varied as is each particular client situation. While it is difficult to claim that we have “seen it all”, we’ve certainly seen enough to be very useful and practical advisors to you in this complex area. We also would anticipate working closely with your legal counsel, so that the documentation eventually matches your intentions.