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  • Tag: Income Splitting

    Newport’s “Top 10″ over the last 10

    This year marks a milestone for Newport as it was ten years ago this month that we launched the company…one that we envisioned would be a home for successful entrepreneurs and other high net worth families to invest with professionals and access trusted advice on all wealth management matters. On behalf of everyone at Newport, thank you to our 600 families we serve across the country and to the friends of the firm for contributing to our vision and helping to make the dream a reality. It has been a privilege which we do not take for granted.

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    A window of tax savings opportunity — for how long?

    CRA announced this week that it will maintain its 1% prescribed rate through to June 30th.

    While that news didn’t make headlines, from a tax point of view it should have.

    After RRSPs and tax deductibility of interest, I think a prescribed rate income splitting loan is the most effective way for wealthy high income earners to reduce their tax bill.

    And a 1% interest rate offers an unprecedented window of opportunity.

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