Tax-Optimixed and Effective Debt Structure

Often people can save hundreds or thousands of dollars by effectively structuring their debt, depending on a variety of circumstances (such as different income levels between spouses, employment agreements and debt attribution).  Often, we find that clients have incurred debt for purposes where the interest cost is not deductible for tax purposes (such as purchase of RRSPs, home improvements or automobile) and we are able to rearrange the client's financial affairs to make some or all of such interest expense tax-deductible.

We have referred clients to lending institutions (typically leading banks and trust companies) and to mortgage brokers, where they have been able to achieve savings in interest costs which mount up over the life of their mortgage. 

These are components of Comprehensive Financial Planning that many people fail to take into consideration. We do cover this area of financial planning with our client, wherever appropriate.