That can get expensive if you have a lot of investments and are
in a high income tax bracket.
Those who do not save enough will not accumulate enough in their IRAs and employer plans (401k's, etc.) to keep them up
in the higher income tax brackets that they paid, when they were working.
Also, except for the first $ 200 donated, the Canadian federal part of the tax credit assumes you're
in the highest income tax bracket.
If you're
in a high income tax bracket, buying tax - free municipal bonds in your taxable account might seem like a no - brainer.
We specialize in wealth transfer and tax avoidance strategies for
those in higher income tax brackets.
Zollo says putting money away in an RRSP may also be advantageous for
those in a high income tax bracket because it creates a deduction on the amount of taxes that are owed.
It makes sense to invest in annuities if you are
in the high income tax bracket.
Annuity arbitrage works best for people who are
in a high income tax bracket, and with a possible estate - tax problem.