The 'Ultimate' Tax Shelter

by Peter
We have just heard from our Finance Minister the decision to tax income trusts for the first time and the next big tax grab already under way is estate taxes. Canada continues to look for new ways of stealing our money under the guise of taxes so what options do Canadians have? I find it totally out of integrity that when an individual accumulates wealth – no matter how large or small – it has already been taxed - (Literally to death in this case). Yet when you or I want to leave our hard earned money to our heirs, the government, in their waste and sloth, feels the need to tax it again.

Offshore investing is the best estate planning tool in the entire world. No probate. No legal fees. No estate taxes. Nothing. You just pass the access on to your children without any consequences whatsoever. The reason for this is that the offshore assets are not in your name and therefore can never become part of your estate. At the time of your death access is passed on to whoever you have appointed. Your trustee or director (depending what type of structure you’ve set up) will continue to manage the assets as before; however, now for the benefit of your heirs.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 31st 1969 18:00. Viewed 0 times.

Comments