Tax Planning

Smart Financial Planning includes Smart Tax Planning

We understand that tax touches every corner of your financial life. From how you grow your wealth to how you draw it down in retirement, nearly every financial decision has tax consequences—some of them subtle, others substantial.

That’s why tax planning is integrated into everything we do.

Whether you’re building your investment portfolio, drawing a pension, managing income from a corporation, or leaving a legacy to loved ones—your Cornerstone advisor will work with you to structure your plan for maximum tax efficiency.

More than Just Investments

Tax Planning goes far beyond choosing the right investment account. Our planning process includes:

Choosing the right account types to grow your wealth

RRSPs, TFSAs, LIRAs, non-registered accounts—all have different tax implications. We’ll help you optimize the mix to match your goals and tax profile.

Creating a tax-efficient decumulation strategy

In retirement, what you draw, when you draw it, and from which account matters. We’ll guide you in coordinating withdrawals from RRSPs, RRIFs, pensions, CPP, and OAS to minimize tax and preserve benefits.

Coordinating private and public pension income

Strategic timing and integration of CPP, OAS, and workplace pensions can make a meaningful difference in your after-tax income.

Incorporating tax-aware insurance solutions

Certain insurance strategies can protect your wealth and reduce your taxable estate. We’ll help you understand when and how they make sense for your plan.

Planning for estate and legacy

From minimizing probate to managing taxes at death, we’ll ensure your estate plan reflects both your wishes and tax-smart thinking.

The truth is, good tax planning isn’t just a year-end task—it’s a lifelong strategy.

At Cornerstone Financial Management, our Certified Financial Planners help you understand how every piece of your financial plan fits together. We’ll show you the opportunities, uncover the risks, and build a tax strategy tailored to your unique needs.

Let’s lower the taxes you pay—today and tomorrow.

TAX Free SAVINGS ACCOUNT

TFSA

The Tax-Free Savings Account is a registered savings account that allows taxpayers to earn investment income tax-free inside the account.

Registered Education Savings Plan

RESP

Registered Education Savings Plans are registered education savings plans that grow tax-free until the child is ready for university, college or a vocational school.

Registered Retirement Savings Plan

RRSP

A Registered Retirement Savings Plan is a retirement plan that is registered with the federal government and that you or your spouse or common-law partner can contribute to.

Registered Disability Savings Plan

RDSP

Since 2008, the Registered Disability Savings Plan has been available to Canadians who qualify for the disability tax credit and offers a tremendous bonus.

Borrowing money to invest

RRSP Loans

A Borrowing money to invest in an RRSP has many advantages. Besides the immediate tax refund.

Borrowing to

Invest

Leveraged investing is defined as borrowing money to finance an investment.

Related Services

We offer a number of financial management services, all individually tailored for your goals.