Tax Saving Strategies for Business Owners

Every business owner knows the pain of paying taxes. But what most don’t realize is that they may be paying more than they should. Accountants focus on filing taxes correctly — they don’t always design strategies to minimize them. That’s where we come in.

At Legacy Wealth & Business Solutions, we specialize in tax-saving strategies for Canadian business owners. Our approach goes beyond basic deductions to focus on long-term planning that maximizes retained earnings and minimizes taxable exposure.

One of the most effective tools is corporate life insurance. By redirecting retained earnings into a participating life insurance policy, business owners can enjoy tax-free growth while still having access to those funds through loans. This strategy reduces taxable assets while giving the flexibility to reinvest in the business or prepare for retirement.

How We Help You Save Taxes:
• Reduce taxable retained earnings through corporate life insurance.
• Access wealth without triggering immediate tax consequences.
• Structure business assets for maximum efficiency.
• Create a tax-efficient succession and estate plan.

The CRA shouldn’t get more of your money than necessary. By implementing these strategies, you not only save today but also build a more secure financial future for yourself and your family.

Ready to reduce your tax bill? Book a consultation today and let us show you proven strategies to protect your wealth.