6P - Tax Planning - Prestige Private Wealth

Disclaimer: We are not accountants and we do not prepare tax returns — but we do provide investment-oriented tax guidance to help you use the right account structures and tools, making your financial strategy as cost-efficient as possible.

The Challenge

Taxes are often one of the largest lifetime expenses you’ll face — yet many people focus only on the current year’s tax bill. Without a long-term tax strategy, you could end up paying significantly more than necessary over your lifetime. The decisions you make today about withdrawals, contributions, and account structures can have a lasting impact on your retirement income, estate value, and overall financial security.

Why it matters?

Taxes touch nearly every financial decision you make—whether it’s saving, investing, drawing retirement income, or planning your estate. Over time, the difference between a tax-efficient and a tax-inefficient approach can compound dramatically, reducing or preserving your long-term wealth. With strategic tax planning, you can grow your assets while minimizing costly surprises along the way.

Our approach: How we work with you

A strong investment return can be diminished quickly if taxes aren’t managed wisely. Tax efficiency isn’t about avoiding taxes — it’s about paying the right amount, at the right time, in the right way.

At Prestige Private Wealth, we integrate tax efficiency into your overall financial plan. This includes:

Optimize registered accounts — RRSP, RRIF, TFSA, FHSA, LIRA and more, using the right account for the right goal.
Plan strategic withdrawals — Design tax-smart withdrawal schedules to minimize lifetime taxes, not just yearly taxes.
Use income-splitting opportunities — Coordinate spousal strategies where appropriate to reduce household tax.
Align investments to account type — Place income-producing vs. growth assets where they’re most tax-efficient.
Integrate giving & estate planning — Incorporate charitable gifting and estate considerations into your plan.