Toshiaki Minamiyama is a successful business executive. Over the years, he has allocated a portion of his
Question:
Minamiyama seldom trades his investments, as his strategy is to hold various types of investments for a long time in order to delay any tax that may occur on their disposition.(He is in the 45% tax bracket.) In fact, he chose not to dispose of any investments when he needed money to purchase his house and sailboat.
Required:
From a tax planning perspective, what would you recommend he do in order to enhance his wealth accumulation? If possible, quantify how he would benefit from your recommendations, assuming a five-year time period.
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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