“It’s not about how much money you make. It’s about how much money you keep.”
Dustin Mann, Senior Wealth Advisor & Portfolio Manager
Mann Wealth Management is focused on maximizing after-tax investment returns by designing tax-efficient investment portfolios which could have a significant impact on a client’s wealth preservation over time.
We understand the tax bill is often the biggest expense in a portfolio, and at the highest level of tax, every dollar saved is equivalent to more than two dollars earned.
We believe many advisors overlook the tax effect when making investment decisions. As Dustin Mann, Senior Wealth Advisor & Portfolio Manager, explains, “Eligible dividends from Canadian companies are subject to a dividend tax credit of nearly 40% when held in a non-registered account. For example, common shares of a major Canadian Bank with a 5.5% dividend yield is equivalent to 7.7% when accounting for the dividend tax credit. An investor would not be entitled to the same tax credit if those common shares were held in a registered account such as a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or other retirement accounts”.
Dustin Mann further mentions, “Investors are subject to a non-resident withholding tax between 15% to 25% on dividends received from U.S. corporations held in a non-registered account. However, there is zero withholding tax deducted on dividends received from U.S. corporations when held in retirement accounts as per the tax treaty between Canada and the U.S.”
“It’s not about how much money you make. It’s about how much money you keep.”
Dustin Mann, Senior Wealth Advisor & Portfolio Manager
Mann Wealth Management is focused on maximizing after-tax investment returns by designing tax-efficient investment portfolios which could have a significant impact on a client’s wealth preservation over time.
We understand the tax bill is often the biggest expense in a portfolio, and at the highest level of tax, every dollar saved is equivalent to more than two dollars earned.
We believe many advisors overlook the tax effect when making investment decisions. As Dustin Mann, Senior Wealth Advisor & Portfolio Manager, explains, “Eligible dividends from Canadian companies are subject to a dividend tax credit of nearly 40% when held in a non-registered account. For example, common shares of a major Canadian Bank with a 5.5% dividend yield is equivalent to 7.7% when accounting for the dividend tax credit. An investor would not be entitled to the same tax credit if those common shares were held in a registered account such as a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or other retirement accounts”.
Dustin Mann further mentions, “Investors are subject to a non-resident withholding tax between 15% to 25% on dividends received from U.S. corporations held in a non-registered account. However, there is zero withholding tax deducted on dividends received from U.S. corporations when held in retirement accounts as per the tax treaty between Canada and the U.S.”
Dustin Mann further mentions, “Investors are subject to a non-resident withholding tax between 15% to 25% on dividends received from U.S. corporations held in a non-registered account. However, there is zero withholding tax deducted on dividends received from U.S. corporations when held in retirement accounts as per the tax treaty between Canada and the U.S.”
Mann Wealth Management best serves individuals with investment assets in excess of $1 million.
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