Tax Planning for Individuals

The majority of Canadians start their tax planning in the early spring when the deadline to file their return is fast approaching. Tax planning is a year long endeavor and by paying attention to this critical area you can save money all year long.

At Hamon Financial Group we can help you structure your financial affairs such that taxes can be reduced and goals met. Below are some of the area we can assist you with:

• Creating a sound financial plan for your family’s future and your retirement
• Managing your tax burden by splitting income among family members
• Deferring taxes through popular savings vehicles like RRSPs and Registered Pension Plans
• Making the most of the special tax breaks available for students, working parents, first-time home buyers, seniors, and people with disabilities
• Managing taxes on your income from your job or your business by making the most of your claims for items like automobiles, moving costs, and home office expenses
• Structuring your charitable donations, both during your lifetime and in your will, to help enhance the value of the gift to the charity and the tax benefits to you or your estate
• Fulfilling your obligations to a deceased person’s estate and beneficiaries as an executor

Contact us to find out more about this important aspect of your financial plan and how Hamon Financial Group can help.

Tax Planning for Business

A focused and comprehensive tax plan can make a real difference to the success of a business and to the personal finances of its shareholders.

Entrepreneurs have a host of tax-planning options available to them. An effective tax plan should consider available alternatives and be tailored to the needs of the shareholders.

Major transactions to be undertaken by the business, such as financing, succession planning, creditor proofing, strategic planning or expansion into other markets, must be considered when drafting the tax plan. What's more, the plan needs to be monitored throughout the year to take into account changes in the business.

Contact us to find out more about this important aspect of your financial plan and how Hamon Financial Group can help.