by Munish Mehan | Dec 13, 2022 | Uncategorized
Doctor Jimmy is a single parent, who owns a professional corporation worth FMV of $ 3 million and an ACB of $0. He also has $900,000 in investments worth $3 million. After his death, there could be three layers of taxes. 1. A $3 million capital gain subject to...
by Munish Mehan | Dec 12, 2022 | Uncategorized
Are you ready to take control of your financial future and build a robust retirement plan? Look no further than the Registered Retirement Savings Plan (RRSP), a valuable financial tool designed to empower Canadian taxpayers to save for retirement while enjoying...
by Munish Mehan | Nov 16, 2022 | Uncategorized
When it comes to managing your finances within a corporation, it’s essential to consider the tax implications, especially when dealing with interest income. Interest-generating investments, such as Guaranteed Investment Certificates (GICs), can be a smart choice...
by Munish Mehan | Nov 12, 2022 | Uncategorized
Are you a medical or dental professional contemplating the idea of incorporating your practice? This crucial financial decision can significantly impact your wealth management strategy. Let’s navigate through the essential aspects of this choice and address your...
by Munish Mehan | Oct 29, 2022 | Uncategorized
Interestingly, ITA doesn’t say that Life insurance is tax-free, and it’s due to the reason that ITA is an act of inclusion and lists everything that’s taxable. If you are incorporated and planning to buy life insurance, then it would be beneficial to...
by Munish Mehan | Oct 18, 2022 | Uncategorized
At Mehan Private Wealth, our primary focus is to improve your financial situation, but how exactly can our services help you achieve this goal? This blog aims to highlight a comprehensive understanding of the ways in which we can assist in transforming your financial...
