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| As a special for Gold Coin’s Clients
we have brought a very unique alternative strategy of tax deduction
in a proven method of TAX Deduction and at the same time create a
greater wealth for our clients. To understand this program we take
a help of an example, by which the strategy is crystal clear to you. |
| There was two friends by the name Tom and Jim, Tom like
the traditional method but Jim like the new concepts, let as assume
that both were in 30% Tax bracket and both did invest $3000.00 which
has 10% rate of return* in RRSP and Alternative strategy plan respectively.
Let us understand what happens at the end of one year. |
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Tom’s Plan: RRSP |
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Invested amount $3000.00 and as his tax bracket is 30%, therefore
Tax refund $900.00 |
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$3000 X 10% = $300 |
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Investment Value at the end of one year $3300.00 - |
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Upon withdrawal Tax 100% on MTB $990.00 |
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Net amount after Tax = $2,310.00 |
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Jim’s Alternative Plan |
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Here you do not have to come up with the full $3000.00 but instead,
you need to put $250.00 every month, therefore: - |
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250 X 12 = $3,000 Tax Refund will be $900.00 as the Tax bracket
being 30% |
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The sum of $250.00 (Approx)** is the Interest that you pay to service
the loan of $50,000.00, so the calculation goes thus: - |
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$50,000.00 X 10% = 5,000 – 750(Tax) |
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Net Amount after Tax $4,250.00 |
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Compare $2,310 vc $4,250 |
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Thus we see hear that Tom made $2,310.00, but Jim made $4,250.00,
though they put out the same amount of money, but Jim with ease but
still made more money. Jim has more benefit in his plan over tom's
plan. Please call us at 416-283-8899 to understand on a personal level. |
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*(These numbers are used just for calculation purpose only)
**Interest rate subject change in accordance with Prime rate Change
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| To know more about the program give us
a call at 416-283-8899 and one of our friendly customer
service representatives will put you in contact with a authorized
representative. |
