Save for what matters to you.
Plan how much to save and where to invest it. If you own a corporation, include its money in the plan.
Your lifetime tax strategy.See the whole picture.
Earn
How much can I keep after tax?
Invest
Where should I invest, and in what order?
Live well
How can I use my savings without overpaying tax?
Leave a legacy
What will my family keep after tax?
One connected lifetime tax strategy.
Good tax planning brings your choices together. How you earn, invest, spend and pass on money all affect each other. We plan for the whole picture.
Explore your lifetime planDecisions worth getting rightWhat should you do
What should you do
with the money?
Where you save it, how you invest it and how you take it out all connect. Start with the question on your mind.
Which investment account should I put money into first?
Should you save in an RRSP, TFSA, regular investment account or your corporation? It depends on where the money is now, how much you’re allowed to add and when you’ll need it.
Am I holding the right investments in the wrong accounts?
The same investment can face different tax rules in different accounts. Check the tax, when you’ll need the money and what it costs to move it.
How do I use my corporation’s money without overpaying tax?
A corporate bank balance isn’t personal spending money. See what needs to stay in the business and what to consider before taking money out.
Should I invest through my corporation or take the money out?
The first tax bill is only part of the answer. Compare both paths through the years you’ll invest, spend and eventually pass the wealth on.
Salary or dividends: which leaves me better off?
Compare what you keep after tax now. Then look at how your pay affects your RRSP savings limit and future Canada Pension Plan (CPP) income.
Would a holding company help, or just add another bill?
Understand what another corporation would change for your investments, access to money and a future sale.
The bigger picture
Make your money work for the life you want.
Your money should help you live the life you want. Paying less tax this year may not help if it leaves you worse off later. Think about what you need to spend, how much risk you can take and who you want to support.
What your decisions can changeConceptual
Possible path APossible path B
Illustrative paths only. This is not a forecast or an estimate of your tax savings.
Choose when and how you work.
Work toward being able to retire, work less or keep doing work you enjoy. Plan for the income you’ll need after tax.
Help the people who matter to you.
You may want to help family or give to charity. Plan what you can give now, what you need to keep and what you’ll leave behind.
A little further into the plan
What else could change the answer?
One choice can affect another. These questions can help you see what else to consider.
Before you investWhere the money comes from and where it could go
Before you sell or change your businessThe decisions that may need a head start
When the money funds your lifeRetirement income and the people you want to help
Working with Senova
A clear comparison before you commit.
Get help with one question or a plan for the years ahead. We look at your situation, compare your choices and explain the next steps. We agree on the work, what you’ll receive and the fee before we start.
See how planning worksLet’s talk about the life you’re building.
Your investments, retirement and family belong in one picture. Start by seeing how the decisions connect.
Explore your lifetime plan