A Special Challenge
- Investments that generate capital gains and dividends
As a rule, capital gains and dividends are taxed at a lower rate than interest income in Canada.
- Corporate-class funds
This class of mutual funds are advantageous because buying and selling different mutual funds within the same corporate-class do not realize gains or losses for the investor.
- T-class funds
T-class funds aim to provide distributions consisting of return of capital, which is not taxable, deferring the realization of capital gains until the shares are sold. They are popular for those requiring some income, particularly retirees.
- Life insurance
Life insurance benefits are paid on a tax-free basis; because of this, life insurance is often considered to be a tax-efficient investment, especially in the context of estate planning. Other types of insurance may also be worth considering, especially for business partners.
- Individual pension plan (IPP)
An IPP is a defined benefit pension plan set up by a business owner for retirement. The IPP has many features that can make it an attractive alternative to an RRSP for some people.
- Real estate
Finally, real estate could be a tax-efficient solution since any profit from the sale of your home (principal residence) is tax-free. Profit from the sale of a secondary home is treated as a capital gain and has a lower inclusion rate.
Les sources suivantes ont été utilisées dans la rédaction de cet article:
Advisor.ca, « What to do after maxing out RRSP and TFSA », 4 novembre 2016. « Consider T-series for tax-efficient cash flow », 6 octobre 2015.
Finance et investissement, « L’effet des nouvelles mesures sur la fiscalité des PME », 1er avril 2018.
Financial Post, « You've maxed out your RRSP and TFSA: Now what do you do? » , 20 janvier 2017.
Gouvernement du Canada, « Cotisations », 6 février 2018.
Money Sense, « What are corporate class mutual funds? », 26 août 2016.
Raymond Chabot Grant Thornton, « Le Planiguide fiscal 2017-2018 », 24 octobre 2017.
The Globe and Mail, « What to do when you've maxed out your RRSP », 26 mars 2017.