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Wealth Management and Tax Integration Insights
This chapter explores the role of a wealth management professional in providing holistic financial planning for business owners, young families, and midwives in Canada. It focuses on the complexities of tax integration, especially regarding salary versus dividends, and the implications of Canada Pension Plan (CPP) contributions on tax efficiency. Additionally, it discusses how these financial elements impact income-dependent benefits such as the Canada Child Care Benefit (CCB) and Old Age Security (OAS).