Tax & Estate Planning
For Business Families.
Generational Wealth Planning in One Place
What We Plan For
Tax
Tax
Your family’s largest tax liabilities are covered. We help you minimize the total tax burden on your estate, while maximizing your hard-earned assets.
Calculating tax projections
Creating reserve funds to pay large tax sums
Tax-efficient generational wealth preservation
Tax deferral consultation and strategy
Estate
Your family’s succession plan. We help you catalogue assets, preserve wealth, mitigate taxation, and plan for unforeseen events.
Estate planning
Succession planning
Insurance planning
Child insurance planning
Medical underwriting consultation
Why Families Need Mansha Plan?
Your Financial Planning In One Place
Make it easier on yourself by consolidating your family’s wealth in one place. Don’t lose track of your money and pay extra fees. Know what’s going on at your convenience.
Pay Less In Fees and Tax
As your assets grow, so does your tax bill. We monitor the growth in these taxes and build a structure for you to keep the most wealth within your family.
Transfer Wealth and Data Safely
We make it simple for you to share your wealth and information easily (and privately) between generations, advisors and stakeholders.
As you get wealthier throughout your lifetime the more taxes you owe. Without a plan, this could mean less inheritance for your family.
Tax Explained
What your wealth should look like…
A trusted partner to business families for 40+ years.
Speak to an advisor to learn how Mansha Plan can work for you.
FAQ’s
Start as early as possible. Create a goals-based plan with an associated timeline and value. Consult an advisor to build you a plan and hold you accountable.
Shelter your estate from taxes, maintain adequate life insurance and utilize leverage to accumulate wealth. Also consider cascading wealth during your lifetime.
Most commonly not. 70% of Canadians are under-insured. The rule of thumb for the average person is:
(MANSHA TIP: It takes 20 minutes of your time to get a precise insurance needs analysis. Consult an advisor.)
Consider utilizing leverage well, while maintaining tax efficiency. It is important to have relationships with capital partners.
(MANSHA TIP: Anyone can be a potential investor in your business.)
We recommend early teens as a good time to start. By the age of 14 your child/ren should have a bank account in their name. This milestone is the first critical step in Succession Planning. At Mansha Plan we have the resources to help start the conversation:
(MANSHA TIP: The above mentioned guides should be filled out prior to the teenage years and be kept in a secure location. In the event of an unforeseen circumstance, a close confidant should know where these resources are kept and pass them to your children.)
Like most things in life, the earlier the better. Today is the healthiest you will ever be. By starting young you not only protect your health, but also benefit from premium policy features at affordable rates for life. All the while, you can build wealth for you or your family in the future.
(MANSHA TIP: The younger you are, the lower your cost of insurance. This means you can accumulate more wealth through permanent life insurance.)
You pay us nothing. We are compensated on the assets we manage on your family’s behalf.