Tax Products

QUICK TAX FACTS

1 – TAX CREDITS

Tax credits are applied to taxes paid and/or owing. Products of this nature allow an individual to receive tremendous tax relief while at the same time provide assistance to many of the charitable needs required in the world today. These products are structured by tax lawyers and tax accountants and rely on the various sections in the Canadian Income Tax Act.

2 – TAX LOSS

Tax loss programs are used firstly in the year they are subscribed for but can then be used up to 3 years prior to recapture previous taxes paid or owing. The applications of this type of products will increase the amount of deductions thus reducing the amount of net income thus reduce the amount of taxes payable.

3 – TAX FREE GROWTH & ESTATE PLANNING

Our mission is to align our clients with professionals in this industry. Universal life is an excellent vehicle for Estate Planning. This combines an investment vehicle that will compound tax sheltered and allow you to withdraw proceeds, tax sheltered. Investment dollars can also be transferred to ones estate on a tax free basis, while providing insurance protection during your living years.

4 – TAX PREPARATION

Foundation Financial has put the infrastructure in place to prepare your tax return. Your tax return has specific areas that most are not aware of, that can save you income tax. A large percentage of Canadian’s are not taking advantage of every possible tax savings strategy but merely following the same lines on Page 2 that they do every year and never become aware of what these other deductions mean. Let our specialist?s show you how to return more money back to you and your family. Foundation Financial also has the insight to go back 3 taxation years in returns and unveil other potential monies to you. Isn’t it about time you claimed your money?

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