David Garnier of Nova Scotia provides counsel to investors, and he has been in this field for twenty years. As a First Vice President and Portfolio Manager for CIBC (Canadian Imperial Bank of Commerce) Wood Gundy, he holds a very important position. The work that he does for his clients helps them maximize their financial capabilities. When these strategies have been successfully executed, these clients can realize their personal objectives, and they may also have the freedom to do things for their family members.
When you are investing successfully, you have to be concerned about taxes on investment income. Unfortunately, you do not get to pocket the income without coming to some type of arrangement with the tax man. There is a tax to contend with that is called a capital gains tax, and it can come into play when you realize a gain. You realize a gain when you sell an appreciated asset and take possession of the proceeds.
The fact that you have to pay taxes on your gains is the bad news, but David Garnier of Nova Scotia can also pass along some good news. In Canada, the entirety of the gain would not be subject to the capital gains tax. Only half of the gain would be subject to taxation, and the rate of the tax would be equal to the marginal tax rate that was applicable to the individual in question.
David Garnier Nova Scotia helps clients build their portfolios, and he also helps them address taxes. He can recommend strategies that provide capital gains tax efficiency.