Tax planning works best when you look ahead.

Karmelic, Stoyanov & Associates Private Wealth Management helps clients think through how retirement income, investments, business decisions, charitable giving and estate plans may affect taxes over time.

Based in Toronto, we work with clients and families across the GTA, including Newmarket, Markham, Unionville, Stouffville, Richmond Hill, Mississauga and Oakville.

Thoughtful tax planning can help more of your wealth support your life, your family and your future.

Planning across retirement

Retirement can change how tax affects your financial life.

Income may come from several places:

  • RRSPs and RRIFs
  • TFSAs
  • Non-registered investments
  • Pensions
  • Business assets
  • Stock options
  • Investment income

Tax planning helps connect those income sources so withdrawals, timing and spending decisions work together.

Withdrawal and income strategy

The order you draw from accounts can make a meaningful difference over time.

We help clients think through:

  • Which accounts to use first
  • When to begin pension income
  • How to manage taxable income
  • How to reduce unnecessary tax
  • How to create retirement income with more confidence
Business man working on his tablet device

Tax planning for business owners

Business owners often have added complexity.

Corporate tax planning may include compensation decisions, retained corporate assets, succession planning, a future sale and how business wealth supports retirement.

We help clients review tax planning for business owners, tax planning for small business and tax planning strategies for small businesses in the context of long-term personal wealth.

Estate and inheritance tax considerations

Tax doesn’t end at retirement. It can also affect what passes to family.

We help clients consider estate tax exposure, gifting, charitable giving, beneficiary planning and capital gains tax planning strategies. For families receiving or preparing to transfer wealth, a financial advisor for inheritance can help make decisions clearer and better coordinated.

A family hiking on the side of the mountain

High-net-worth tax strategies

High net worth tax strategies should reflect the full picture.

That may include:

  • Retirement income
  • Investment structure
  • Charitable giving
  • Wealth transfer
  • Estate planning
  • Business succession
  • Tax reduction opportunities
  • Tax strategies for high net worth individuals