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A consultant looks for an exit strategy that maximizes philanthropy and minimizes tax. James's Story

James’s existing working relationship with one of the leading accounting firms in Canada was coming to a close. The Advisor Guide came to his assistance in preparing for an exit strategy and delivering the advice and consultation he needed.

01

Pain Points

NEED OF THE HOUR

Planning to leave his current work, James found himself with a multi-million dollar tax liability that was undetermined and undiscovered. Owing to gaps in information from his financial advisors and incomplete conversations around his overall financial health, this oversight came at an enormous price for James.

02

Goals and Objectives

ADDRESSING THE CHALLENGES

  • Encourage philanthropic pursuits
  • Give more of his wealth to charities instead of to taxes
03

How TAG
Helped

OUR SOLUTION

Through our analysis, we determined that James’s current multi-million dollar liability required that we do a complete financial health checkup that was previously missed by his advisors.

04

Outcome

PLAN FOR THE FUTURE

Now, as part of an ongoing process, The Advisor Guide routinely ensures that James’s financial health check-up plan is up to date by considering his long-term financial needs, reviewing any existing estate plans, keeping track of investment vehicles, and maintaining ongoing financial conversations.

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