Maximize Your Tax Savings & Build Wealth with Smart Contribution Strategies

Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and First Home Savings Accounts (FHSAs) are powerful financial tools that help Canadians save for retirement, major purchases, and homeownership while providing significant tax benefits. Knowing when and how much to contribute can reduce your taxable income, grow your investments tax-free, and maximize government incentives.

At Westview Accounting & Tax Services Inc., we help individuals in North Vancouver, BC, develop personalized, tax-efficient savings strategies using RRSPs, TFSAs, and FHSAs to minimize taxes and maximize long-term wealth.

Understanding the Key Differences Between RRSP, TFSA & FHSA

Choosing the right combination of these accounts depends on your income level, financial goals, and tax situation.

Optimizing Your RRSP Contributions (T1 Schedule 7 – RRSP & PRPP Contributions, RC71 – RRSP Deduction Limit Statement)

✔ Reduce Taxable Income with RRSP Contributions

• Contributions reduce taxable income, which can lead to large tax refunds.
• Best for high-income earners looking to lower taxes.

✔ Use RRSP Contribution Room Effectively

• You can contribute up to 18% of last year’s income (up to $31,560 for 2024).
• Unused RRSP room carries forward indefinitely.

✔ RRSP Spousal Contributions (Income Splitting Strategy)

• High-income earners can contribute to a spousal RRSP to shift future taxable income to a lower-earning spouse.

✔ Withdraw Tax-Free for First Home or Education

• Home Buyers’ Plan (HBP – T1036): Withdraw up to $35,000 tax-free for a home purchase (must be repaid over 15 years).
• Lifelong Learning Plan (LLP): Withdraw $10,000 per year (max $20,000) for education without immediate taxation.

✔ Delay Claiming RRSP Contributions for Future Tax Savings

• If you expect a higher income next year, you can carry forward RRSP contributions to claim deductions in a future tax year.

Maximizing TFSA Contributions (T1 Schedule 3 – Investment Gains & TFSA Withdrawals)

✔ Tax-Free Investment Growth & Withdrawals

• All income earned inside a TFSA is tax-free, including interest, dividends, and capital gains.
• Unlike RRSPs, withdrawals don’t count as taxable income and can be re-contributed the next year.

✔ Best for Long-Term Investing & Emergency Funds

• Ideal for saving for major purchases, retirement, or emergency funds without tax consequences.

✔ Contribution Room Accumulates Over Time

• Unused TFSA room carries forward indefinitely.
• The 2024 annual limit is $7,000, but if you’ve never contributed, you may have up to $95,000 in available room (since 2009).

✔ Avoid Over-Contributions (CRA Penalties Apply)

• Over-contributions are subject to a 1% monthly penalty until corrected.

Using the FHSA for First-Time Home Buyers (RC725 – First Home Savings Account Application)

✔ Combine RRSP & FHSA for Home Savings

• FHSA contributions are tax-deductible like an RRSP, but withdrawals for a first home are tax-free, like a TFSA.
• You can combine FHSA savings with the RRSP Home Buyers’ Plan (HBP) to withdraw up to $35,000 tax-free.

✔ Maximize Lifetime FHSA Contributions

• Annual limit: $8,000 (lifetime max: $40,000).
• Contributions reduce taxable income, providing immediate tax benefits.

✔ Unused FHSA Funds Can Be Transferred to an RRSP

• If you don’t buy a home, you can transfer FHSA savings to your RRSP without affecting contribution room.

✔ Eligibility Requirements for the FHSA

• Must be a first-time home buyer (haven’t owned a home in the past four years).
• Must use the funds for a qualifying home purchase within 15 years.

Strategic Tax Planning: Which Account Should You Use First?

• High-Income Earners (Over $80,000 per Year) → Prioritize RRSP contributions to reduce taxable income.
• Medium-Income Earners ($40,000 – $80,000 per Year) → Use a mix of TFSA & RRSP to balance tax benefits and flexibility.
• Low-Income Earners (Under $40,000 per Year) → Prioritize TFSA savings (RRSP contributions may not provide immediate tax benefits).
• First-Time Home Buyers → Maximize FHSA contributions before using RRSP HBP withdrawals.
• Retirees & Seniors → Focus on TFSA to avoid OAS clawback (RRSP withdrawals count as taxable income).

Proper tax planning can increase savings and reduce taxes both now and in the future.

How Westview Helps You Optimize Your RRSP, TFSA & FHSA Contributions

🔹 Maximizing Tax Deductions on RRSP Contributions – We calculate the best contribution amount to lower your tax bill.
🔹 Strategic TFSA Investment Planning—We help you allocate funds for long-term, tax-free growth.
🔹 FHSA Optimization for First-Time Buyers – We ensure you maximize tax-free home savings while reducing taxable income.
🔹 Avoiding Over-Contribution Penalties—We track RRSP, TFSA, and FHSA contribution limits to prevent costly CRA penalties.
🔹 RRSP-to-RRIF & Pension Tax Planning for Retirees – We create retirement withdrawal strategies to minimize tax burdens.

Why Work with Westview Accounting & Tax Services Inc.?

✅ Specialized in BC Tax-Efficient Savings Strategies—We help North Vancouver residents get the most from their RRSPs, TFSAs, & FHSAs.
✅ Maximize Refunds & Reduce Tax Burdens – We ensure your contributions are optimized for tax savings.
✅ Seamless Integration with Your Financial Plan—We align tax-efficient savings with your long-term financial goals.
✅ Comprehensive Wealth & Retirement Planning – Need help with estate planning, investments, or pension income strategies? We provide full-service financial guidance.

Save Smarter & Pay Less Tax with Strategic RRSP, TFSA & FHSA Contributions!

Investing in your retirement, future home, or long-term wealth requires smart tax planning. Let Westview Accounting & Tax Services Inc. optimize your RRSP, TFSA, & FHSA contributions, ensuring maximum tax savings and investment growth in North Vancouver, BC. 📞 Contact Us Today! Get expert, tax-efficient savings strategies tailored to your financial goals!

Maximize Your Tax Benefits as a First-Time Home Buyer in Canada

Buying your first home is a significant financial milestone, and the Canada Revenue Agency (CRA) offers tax incentives and programs to help make homeownership more affordable. First-time homebuyers can take advantage of tax credits, RRSP withdrawals under the Home Buyers’ Plan (HBP), and tax-free savings in a First Home Savings Account (FHSA).

At Westview Accounting & Tax Services Inc., we provide expert tax planning for first-time homebuyers in North Vancouver, BC. We help you access available tax credits, structure your RRSP withdrawals, and maximize government incentives to make your first home purchase more financially manageable.

What Tax Benefits Are Available for First-Time Home Buyers?

✔ Home Buyers’ Tax Credit (HBTC) – Line 31270 on T1 Return

• A non-refundable tax credit of $1,500 (based on a $10,000 claim amount).
• Reduces the taxes owed on your return.
• Can be split between spouses or common-law partners.

✔ Home Buyers’ Plan (HBP) – RRSP Withdrawal (T1036 – Home Buyers’ Plan Request to Withdraw Funds from an RRSP)

• Allows you to withdraw up to $35,000 tax-free from your RRSP to buy a home.
• If purchasing with a spouse or partner, both can withdraw up to $35,000 each, for a total of $70,000 tax-free.
• Must be repaid over 15 years, starting the second year after withdrawal to avoid taxation.

✔ First Home Savings Account (FHSA) – Tax-Free Savings for a Down Payment

• Contributions are tax-deductible, similar to an RRSP.
• Withdrawals for home purchases are completely tax-free, like a TFSA.
• Annual contribution limit: $8,000 (Lifetime max: $40,000).
• Unused FHSA funds can be transferred to an RRSP without affecting RRSP contribution room.

✔ GST/HST New Housing Rebate (RC4028 – GST/HST New Housing Rebate Application)

• If you purchase a newly built home, you may qualify for a rebate on the GST or HST paid.

✔ Property Transfer Tax (PTT) Exemption for First-Time Buyers (BC Only)

• Full exemption on BC’s Property Transfer Tax (PTT) for homes under $500,000.
• Partial exemption for homes between $500,000 and $525,000.
• If the purchase price is over $525,000, no exemption applies.

By strategically using these programs, first-time buyers can significantly reduce the upfront and long-term costs of homeownership.

Who Qualifies as a First-Time Home Buyer?

✔ You (or your spouse/common-law partner) have not owned a home in the last four years.
✔ You are purchasing a qualifying home in Canada (house, condo, townhouse, mobile home, etc.).
✔ You intend to occupy the home as your primary residence within one year of purchase.
✔ For the HBP, you must be a Canadian resident at the time of RRSP withdrawal.

Even if you previously owned a home, you may still qualify if you haven’t owned one in the last four years.

How the Home Buyers’ Plan (HBP) Works

1️⃣ Withdraw Up to $35,000 Tax-Free from Your RRSP

• Complete Form T1036 – Home Buyers’ Plan Request to Withdraw Funds from an RRSP.
• Your RRSP provider will process the withdrawal without tax deductions.

2️⃣ Use the Funds for a Home Purchase

• Must be used to buy or build a qualifying home.
• The purchase must be completed by October 1 of the following year.

3️⃣ Repayment Begins in the Second Year

• Repay 1/15 of the amount withdrawn annually over 15 years.
• If you miss a repayment, the required amount is added to your taxable income.

Strategic Home Savings: FHSA vs. RRSP HBP – Which Should You Use?

✔ Best for Higher-Income Earners → Use the RRSP Home Buyers’ Plan (HBP) to maximize tax deductions before withdrawal.
✔ Best for Flexible, Tax-Free Withdrawals → Use an FHSA if you don’t want to worry about repayments and tax implications.
✔ Best for Long-Term Home Savings → Combine RRSP & FHSA to maximize savings and reduce taxable income.

Example:
If you contribute $8,000 annually to an FHSA for 5 years, you get $40,000 tax-free toward a down payment. If you also contribute to an RRSP and withdraw under the HBP, you can add up to $35,000 more, giving you a combined $75,000 tax-free for a home purchase.

How Westview Helps First-Time Home Buyers with Tax Optimization

🔹 Determining Eligibility for First-Time Buyer Programs – We confirm if you qualify for the HBTC, HBP, FHSA, and BC Property Transfer Tax Exemption.
🔹 Strategic RRSP & FHSA Contribution Planning – We ensure your contributions are optimized before withdrawal to reduce taxable income.
🔹 GST/HST & Land Transfer Tax Rebate Assistance – We help you apply for tax rebates on new homes and land transfer fees.
🔹 Tracking RRSP HBP Repayments – We assist in monitoring your repayment schedule to avoid tax penalties.
🔹 Home Purchase Tax Planning – We provide strategies to minimize the tax impact of homeownership over time.

Why Work with Westview Accounting & Tax Services Inc.?

✅ Specialized in BC Home Buyer Tax Planning – We help North Vancouver residents maximize first-time homebuyer tax benefits.
✅ Maximize Your Home Buying Tax Savings – We ensure you claim every credit and deduction available.
✅ Hassle-Free Tax Filing & HBP Guidance – We handle all tax filings and RRSP withdrawal paperwork.
✅ Full-Service Financial Support – Need help with RRSPs, mortgage tax planning, or investment strategy? We offer comprehensive tax solutions.

Claim Your First-Time Home Buyer Tax Benefits & Save Thousands!

Buying a home is a major financial decision, and taking advantage of tax credits, rebates, and RRSP withdrawal programs can save you thousands. Let Westview Accounting & Tax Services Inc. guide you through the Home Buyers’ Plan, tax credit claims, and rebate applications in North Vancouver, BC. 📞 Contact Us Today! Get expert tax guidance for first-time home buyers!

Optimize Your Family Tax Benefits & Maximize Government Support

Raising a family in Canada can be expensive, but the Canada Revenue Agency (CRA) offers tax credits, deductions, and benefits to help parents and guardians manage child-related expenses. Understanding how to properly claim these benefits, optimize income splitting, and reduce your tax liability can result in thousands of dollars in tax savings each year.

At Westview Accounting & Tax Services Inc., we specialize in family tax planning for North Vancouver residents, ensuring that families receive maximum tax refunds and government benefits while minimizing tax obligations.

What Family & Child Tax Benefits Are Available?

✔ Canada Child Benefit (CCB) – RC66 Canada Child Benefits Application

• A tax-free monthly payment to help families with the cost of raising children under 18.
• Payment amount depends on family income and number of children.
• Automatically assessed when you file your T1 tax return, but new parents must apply using RC66.

✔ Child Care Expense Deduction (T778 – Child Care Expenses Deduction)

• Parents can deduct daycare, babysitting, and after-school care costs if required for work, school, or business.
• The deduction is claimed by the lower-income parent unless there are special circumstances.

✔ Canada Workers Benefit (CWB) – Low-Income Family Support

• A refundable tax credit for low-income families to supplement earnings.
• Parents with children may receive an additional amount.

✔ Canada Dental Benefit (CDB) – Tax-Free Payment for Children’s Dental Care

• Available for children under 12 in families with income under $90,000.
• Covers dental costs for uninsured children.

✔ Child Disability Benefit (CDB) – Additional Support for Disabled Children

• A tax-free monthly benefit for families caring for a child with a severe disability.
• Requires T2201 – Disability Tax Credit Certificate approval.

✔ Registered Education Savings Plan (RESP) Contributions & Grants

• Tax-sheltered savings plan for post-secondary education.
• The government matches 20% of contributions up to $500 per year per child through the Canada Education Savings Grant (CESG).

✔ Adoption Expense Tax Credit

• Families adopting a child may claim eligible adoption-related expenses, including legal fees and agency costs.

How to Optimize Family Tax Planning?

✔ Income Splitting for Parents

• If one spouse earns significantly more, income-splitting strategies such as spousal RRSP contributions can reduce overall tax liability.

✔ Claiming Child Care & Medical Expenses

• Ensure all eligible child care, medical, and education expenses are properly claimed to reduce taxes.

✔ Maximizing RESP & CESG Contributions

• Regular RESP contributions allow for government grant matching and tax-sheltered investment growth.

✔ Using the Canada Child Benefit (CCB) Effectively

• Planning how to allocate CCB payments toward education, savings, or household expenses can enhance financial stability.

✔ Applying for Tax Credits for Disabled Dependents

• If your child qualifies for the Disability Tax Credit (DTC), additional tax credits and benefits may be available.

How Westview Helps You Maximize Family & Child Tax Benefits

🔹 Ensuring You Receive Maximum CCB Payments—We verify your eligibility and family income status to ensure you receive the highest possible CCB payments.
🔹 Optimizing Child Care & Education Expense Deductions – We help claim all eligible child care and RESP-related tax benefits.
🔹 Tax Planning for Parents & Families – We develop custom tax strategies to help families reduce tax burdens and plan for the future.
🔹 Assistance with Disability & Adoption Tax Credits—We ensure you claim all applicable benefits for children with disabilities or adoption-related costs.
🔹 Year-Round Support for Family Tax Planning— Whether you’re expecting a child, planning for school, or transitioning out of parental benefits, we provide continuous tax guidance.

Why Work with Westview Accounting & Tax Services Inc.?

✅ Specialized in BC Family Tax Benefits & Planning – We help North Vancouver parents & guardians navigate tax savings.
✅ Ensure Maximum Government Benefits & Tax Credits—We ensure you claim every dollar available for your family.
✅ No Missed Credits or Lost Benefits—We handle all applications, deductions, and tax filings to maximize savings.
✅ Comprehensive Family Tax Support—Need help with RESP contributions, childcare deductions, or disability tax credits? We provide full-service family tax planning.

Claim Your Family & Child Tax Benefits & Reduce Your Tax Bill!

Raising a family is expensive—don’t miss out on valuable tax credits and benefits. Let Westview Accounting & Tax Services Inc. ensure your family tax planning is optimized, government benefits are maximized, and your taxes are minimized in North Vancouver, BC. 📞 Contact Us Today! Get expert family & child tax planning services!

Reduce Your Household Taxes with Strategic Income Splitting

Income splitting is a powerful tax strategy that allows families to redistribute taxable income between spouses, children, or other family members to reduce overall tax liability. Since Canada has a progressive tax system, shifting income from a higher-earning family member to a lower-earning one can result in lower tax rates and increased tax savings.

At Westview Accounting & Tax Services Inc., we help families in North Vancouver, BC, implement legal and effective income-splitting strategies to optimize tax efficiency and maximize government benefits.

What is income splitting?

Income splitting involves shifting taxable income from a high-income family member to a lower-income family member, allowing the income to be taxed at a lower rate. Since Canada uses a graduated tax system, lower-income individuals pay a lower percentage of their income in taxes, creating an opportunity for household tax savings.

While direct income transfers between family members are not allowed by the CRA, there are legal income-splitting methods available.

Legal Income-Splitting Strategies to Reduce Taxes

✔ Spousal RRSP Contributions (T1032 – Joint Election to Split Pension Income)

• A higher-earning spouse can contribute to a spousal RRSP, shifting retirement savings to the lower-earning spouse.
• This allows for lower tax rates on withdrawals in retirement.

✔ Pension Income Splitting (T1032 – Joint Election to Split Pension Income)

• Retirees can split up to 50% of eligible pension income with their spouse.
• This strategy helps reduce OAS clawbacks and overall family tax rates.

✔ Dividend Income Splitting (T5 – Statement of Investment Income)

• Business owners can pay dividends to a spouse or adult children (within reason) to reduce tax burdens.
• The recipient must own shares and be actively involved in the business to comply with CRA’s Tax on Split Income (TOSI) rules.

✔ Prescribed Rate Loans (T1 Line 12100 – Interest Income Reporting)

• A high-income spouse can loan money to a lower-income spouse or family trust at the CRA’s prescribed interest rate.
• This allows investment income to be taxed at a lower rate.

✔ Hiring Family Members for a Business (T2125 – Statement of Business or Professional Activities)

• If you own a business, you can hire your spouse or children and pay them a reasonable salary.
• The wages must be reasonable for the work performed to comply with CRA rules.

✔ Registered Education Savings Plan (RESP) Contributions

• Instead of transferring funds directly, parents can contribute to an RESP for their children.
• The Canada Education Savings Grant (CESG) provides up to $500 per year per child.

✔ Transferring Tax Credits Between Spouses

• Unused tax credits (e.g., disability tax credit, tuition credits, medical expenses) can be transferred to a spouse to reduce taxable income.

✔ Family Trusts for Wealth Management

• High-income earners can create a family trust to shift investment income to lower-income family members.
• Trusts require careful planning to comply with CRA tax laws.

Who Can Benefit from Income Splitting?

✔ Married or Common-Law Couples with Unequal Incomes— Shifting income to a lower-earning spouse can reduce the overall household tax bill.
✔ Retirees Looking to Reduce Taxes on Pension Income— Pension splitting can lower taxable income and avoid OAS clawbacks.
✔ Self-Employed Individuals & Business Owners – Paying family members a salary or dividends can legally redistribute income.
✔ Parents Saving for Their Children’s Education – RESP contributions allow for government matching grants while keeping funds tax-efficient.
✔ High-Net-Worth Individuals Seeking Long-Term Tax Savings— Family trusts and prescribed rate loans minimize tax burdens on investments.

Proper tax planning can result in significant savings and improved cash flow for the entire family.

How Westview Helps Families with Income Splitting & Tax Planning

🔹 Customized Income-Splitting Strategies – We assess your financial situation to create a personalized tax-saving plan.
🔹 Legal Compliance with CRA Rules—We ensure all income-splitting methods comply with CRA’s tax rules, avoiding penalties.
🔹 Maximizing Pension & Retirement Income Splitting – We structure pension income efficiently to minimize taxes and maximize savings.
🔹 Business Owner Tax Optimization—We help self-employed individuals pay family members tax-efficiently and legally.
🔹 Wealth Transfer & Family Trust Planning – For high-income earners, we develop long-term income-splitting strategies for wealth preservation.

Why Work with Westview Accounting & Tax Services Inc.?

✅ Specialized in BC Family Tax Planning & Optimization—We help North Vancouver families legally reduce taxes.
✅ Ensure Maximum Tax Savings with Proven Strategies—We structure income distribution for tax efficiency.
✅ Avoid CRA Penalties & Non-Compliance Issues – We ensure all income-splitting plans are fully CRA-compliant.
✅ Comprehensive Family Tax Support—Need help with RRSP contributions, pension splitting, or business tax strategies? We provide full-service tax planning.

Reduce Your Family’s Taxes with Smart Income Splitting!

Income splitting can be a game-changer for lowering household taxes, but it must be done correctly to avoid CRA penalties. Let Westview Accounting & Tax Services Inc. help you legally shift income, maximize family tax benefits, and keep more money in your household in North Vancouver, BC.

📞 Contact Us Today! Get expert income-splitting & family tax planning services!

Reduce Taxes on Your Retirement Income & Maximize Your Savings

Retirement planning is about more than just saving money—it’s about ensuring that your retirement income is tax-efficient. Without a proper tax strategy, you may pay more in taxes than necessary on your RRSP withdrawals, pensions, CPP, OAS, and investment income.

At Westview Accounting & Tax Services Inc., we specialize in retirement tax planning for North Vancouver residents, helping retirees minimize taxes, maximize government benefits, and create a sustainable income plan.

Understanding How Retirement Income is Taxed in Canada

Different types of retirement income are taxed in different ways:

✔ Canada Pension Plan (CPP) Benefits (T4A(P)) – Fully taxable, but can be split between spouses to reduce tax burdens.
✔ Old Age Security (OAS) (T4A(OAS)) – Fully taxable, with potential clawbacks if income exceeds the OAS threshold ($90,997 in 2024).
✔ Employer Pensions (T4A – Pension, Retirement, Annuities & Other Income) – Fully taxable, but eligible for pension income splitting.
✔ Registered Retirement Income Fund (RRIF) Withdrawals (T4RIF) – Fully taxable, with minimum withdrawal requirements starting at age 71.
✔ RRSP Withdrawals (T4RSP) – Fully taxable when withdrawn, but can be strategically withdrawn at lower tax rates.
✔ Investment & Dividend Income (T5 – Statement of Investment Income, T3 – Trust Income Statement) – Capital gains are taxed at 50% of the amount, while dividends may qualify for the dividend tax credit.
✔ Tax-Free Savings Account (TFSA) Withdrawals – Not taxable, making TFSA a great option for tax-efficient retirement income.

Without careful planning, high-income retirees may face OAS clawbacks, high RRIF tax rates, and excessive taxes on investment income.

Key Tax Strategies to Reduce Retirement Taxes

✔ Pension Income Splitting (T1032 – Joint Election to Split Pension Income)

• Retired couples can split up to 50% of eligible pension income with their spouse to lower household tax burdens.

✔ Strategic RRSP & RRIF Withdrawals

• Start gradual RRSP withdrawals before age 71 to avoid large mandatory RRIF withdrawals later.
• Convert RRSP to RRIF before age 71 if tax rates are lower now than in the future.

✔ Minimizing Old Age Security (OAS) Clawbacks

• If income exceeds $90,997 (2024 threshold), OAS benefits start getting reduced at a rate of 15%.
• To reduce OAS clawbacks, consider income-splitting, TFSA withdrawals, and delaying RRSP withdrawals.

✔ Using a TFSA for Tax-Free Retirement Income

• Since TFSA withdrawals don’t count as taxable income, they don’t affect OAS clawbacks or tax brackets.
• Ideal for funding emergency expenses and extra retirement spending.

✔ Deferring CPP & OAS for Higher Payments

• Delaying CPP and OAS until age 70 increases benefits by 8.4% per year for CPP and 7.2% per year for OAS.

✔ Maximizing the Pension Income Credit (Line 31400 on T1 Return)

• Retirees over 65 can claim a $2,000 federal tax credit on eligible pension income.
• Pension splitting can help a spouse qualify for this credit as well.

✔ Tax-Efficient Withdrawal Order for Retirement Income

• Best order for withdrawing retirement income:
  1️⃣ Non-Registered Investments (Interest & Dividends)
  2️⃣ RRSP/RRIF Withdrawals (To minimize later mandatory RRIF withdrawals)
  3️⃣ TFSA Withdrawals (Since these are tax-free, they should be used last if possible)

✔ Gifting & Estate Planning to Reduce Future Taxes

• Consider gifting assets to heirs before death to avoid high estate taxes on RRIFs and investments.
• Set up a TFSA for beneficiaries to grow wealth tax-free.

How Westview Helps You Create a Tax-Efficient Retirement Plan

🔹 Optimizing Pension Income Splitting & Withdrawals – We structure CPP, OAS, RRSP, and RRIF withdrawals for maximum tax efficiency.
🔹 Reducing OAS Clawbacks & Retirement Tax Burdens – We implement income-reduction strategies to keep more of your OAS benefits.
🔹 Strategic TFSA & RRSP Withdrawal Planning – We ensure your savings last longer with tax-free income sources.
🔹 Investment Tax Optimization for Retirees – We help you reduce capital gains tax and optimize dividend income.
🔹 Estate & Inheritance Tax Planning – We create strategies to transfer wealth efficiently while minimizing estate taxes.

Why Work with Westview Accounting & Tax Services Inc.?

✅ Specialized in BC Retirement & Pension Tax Planning – We help North Vancouver retirees lower taxes and maximize benefits.
✅ Avoid Overpaying on RRSP/RRIF Withdrawals – We develop a withdrawal strategy to minimize lifetime taxes.
✅ Protect Your Retirement Income from OAS Clawbacks – We ensure you keep more of your pension benefits.
✅ Full-Service Retirement Tax Support – Need help with estate planning, investment tax strategies, or TFSA/RRSP withdrawals? We provide comprehensive retirement tax solutions.

Lower Your Retirement Taxes & Keep More of Your Hard-Earned Savings!

Retirement should be about enjoying your wealth, not overpaying taxes. Let Westview Accounting & Tax Services Inc. help you develop a tax-efficient retirement plan, minimize RRIF taxes, and keep your OAS & CPP benefits intact in North Vancouver, BC. 📞 Contact Us Today! Get expert retirement & pension tax planning services!