Tax Strategies for High Net Worth Individuals with MNP's Brandon Hodge | CRELIBRARY Episode #2
- Dayma & Garret
- Sep 21, 2018
- 1 min read
Brandon Hodge and Dayma Itamunoala talk about the biggest challenges in wealth preservation tax-wise and how to navigate the system.
On this episode, we were joined by tax expert Brandon Hodge. We discuss the current tax landscape in Canada, and some enticing tax options for real estate owners (eg. provincial tax arbitrage).
Brandon Hodge is a Partner and Business Advisor with MNP’s Tax Services group in Toronto. Brandon focuses on Specialty Tax, with an emphasis on tax-motivated corporate reorganizations, including structuring for private equity investment into Canada, debt utilization transactions and succession planning. He also has extensive experience helping business owners maximize the tax results on the purchase or sale of a business.
When it comes to tax strategies for high-net-worth individuals, it’s essential to focus on efficient wealth management and tax planning. Leveraging investment vehicles like trusts, charitable donations, and tax-deferred accounts can help mitigate tax liabilities. A solid approach often includes strategies like income splitting, maximizing allowable deductions, and taking advantage of capital gains exemptions.