70% Tax on Your Assets Without Professional Estate Planning
You’ve built your wealth through years of hard work, long hours, and sacrifice. Your corporation is not just a business entity—it’s your retirement plan, your safety net, and your family’s future. But what if nearly 70% of that wealth disappears to taxes the moment you pass away? For many Canadian business owners, physicians, and professionals, […]
Case Study: Financial Thoracic Aortic Surgery— Integrated Tax & Estate Planning for a Physician
Prepared by Bison CPA LLP – Chartered Professional AccountantsStrategic Tax Lifecycle Planning | Estate Optimization | Wealth Preservation Much like an Thoracic Aortic Surgery — one of the most dangerous and delicate surgeries in medicine — complex financial planning for high-net-worth professionals demands absolute precision and coordination. At Bison CPA LLP, we approach every case […]
You Need $460,000 to Retire Comfortably in Canada — Your Kids Are Not Your Retirement Plan
For many Canadians, especially in immigrant and close-knit communities, it’s still common to believe that adult children will “take care of” their parents in retirement. But the reality is: your kids are not your retirement plan—they’re human beings with their own lives, dreams, and financial pressures. Relying on them may not just be unfair—it could […]
The $100,000 Mistake: Why You Are Bleeding Tax Without a Corporation
If you’re a physician or dentist earning six figures in Canada, you’re likely facing personal tax rates exceeding 50%. Operating as a sole proprietor or simply taking your income personally means you’re handing a big chunk of your earnings over to taxes every year. Incorporating your medical or dental practice through a Canadian Controlled Private […]