Insurance providers have tax strategy and planning groups that provide comprehensive tax advice on a wide range of domestic and financial matters. Our clients include public and private companies, as well as individuals and trusts engaged in various business and investment activities.
Unlike traditional tax lawyers and chartered accountants, the tax and estate planning departments of insurance companies focus their creative energies on developing tax-advantaged structures for complex business deals and identifying practical solutions to complicated tax problems. At Burgoyne Insurance, we best serve our clients by engaging these Tax and Estate Planning departments in all areas where their expertise is needed — whether that be deriving the value of a company for negotiating an acquisition or sale, working with corporate lawyers to draft a buy/sell agreement, or bringing on board bank branches to fund expansions.
For example, Burgoyne Insurance — in conjunction with insurers' Tax and Estate Planning Groups — has assisted clients in structuring hundreds of taxable and tax-free investment, retirement, and succession planning strategies involving millions of dollars. Some of these include corporately-owned fund-based investment assets, tax-efficient corporate succession planning, and innovative retirement planning using insurance-based products. In each case, the goal is maximizing legitimate available tax benefits while maintaining full compliance with the most complicated technical issues in the Canadian Revenue Agency's rules.
Our goal is to combine experience, connections, and a devotion to technical proficiency to provide creative yet pragmatic solutions to our clients' problems. When needed, we lean on our contacts at the Tax and Estate Planning Groups to provide additional nonpartial, quality professional judgment and dedication to problem-solving initiatives — as opposed to less valuable issue spotting.
Whether it relates to taxes owed at death, structuring issues, establishing a charitable donation, or creating efficient retirement income streams, we can help.