Our federal & Ontario personal tax rates are graduated in 5 tax brackets. For 2025, to 5th federal bracket starts at taxable income of $253,414. For 2025, Ontario’s 5th bracket starts at $220,000. The more you earn, the more is the tax bill.

• Consider transferring income producing assets from one spouse to another to achieve an optimal balance in your annual tax liability
• Consider a claim for medical and charitable donations on one spouse’s return as opposed to another to minimize annual taxes
• Up to 50% of private pensions may be split between spouses
• Consider the transfer tuition and education tax credits from your adult child or spouse
• Consider joint ownership of rental properties
• Consider transferring assets on a tax-deferred basis that have appreciated in value to your corporation to absorb corporate tax losses
• Issue discretionary shares to adult family members to split dividends that would otherwise be taxable to one top bracket family member
• Align your remuneration from your owner-managed corporation to meet your RRSP and other retirement objectives

Contact your professional advisor prior to implementing any of the outlined strategies