What is a Wasting Freeze?
This post will describe what a wasting freeze is and consider other issues such as adding leverage and making charitable gifts.
Estate Freeze Basics
Markdale2024-09-26T13:45:37+00:00An estate freeze caps the current capital gains tax liability of an asset expected to appreciate and transfers the growth in value to successors. Families use estate freezes to pass down assets to future generations such as kids and grandkids. Businesses also use estate freezes to transition ownership to family members and/or employees.
Why freeze an estate?
Canadian taxpayers are...By MarkdaleAccounting, Estate, Tax, Wealth#estatefreeze, #estateplanning, #succession, #wealthmanagementComments OffRead more...
Getting the Best from Your Accountants
Markdale2024-09-26T13:47:11+00:00Accountants can be valuable members of your financial team, but wealthy investors often get frustrated by their accountants or don’t use them to their full potential. This post offers some ideas about how to work with your accountants so they can become more valuable to your financial life.
Accountants are Busy
The first thing to keep in mind when talking...By MarkdaleAccounting, Family Office, Reporting, Tax, Tips#familyoffice, #highnetworth, #investmentadviceComments OffRead more...
5 Threats Wealthy Investors Face and How to Overcome Them
Markdale2024-09-26T13:49:04+00:00Wealthy investors have many of the same fears as everyone else, the stakes are just higher when you’re rich. This post describes five common threats wealthy investors face and how to combat them. Threats faced by wealthy investors
Cybersecurity
We live in a world of many passwords and we share information with our professional advisors and bankers through e-mail and online...By MarkdaleAccounting, Investing, Reporting, Tax, Tips, Tips, Wealth#bestpractices, #highnetworth, #riskplanning, #wealthmanagementComments OffRead more...
What is Inflation?
Markdale2024-09-26T17:31:43+00:00This post describes what inflation is, and how to combat the risk of inflation.
Tax Planning for Cottage Owners
Markdale2024-09-26T17:32:31+00:00This post will list some best tax planning practices for Canadian cottage owners.