I offer a time-tested (since 2007) “bought deal” Flow Through Share transaction that saves a significant amount of tax – and has always delivered positive cash-on-cash returns.
After a 30 year career as an investment and insurance advisor, I successfully sold and transitioned my investment book of business and now offer Canadian accredited investors, wealthy individuals, entrepreneurs and their corporations, opportunities to reduce their tax burden.
Business owners can reduce or eliminate the punitive taxes on passive corporate income in excess of $50,000. It can also help extract money from their corporations at the lowest possible cost, usually via the Capital Dividend account.
We can also help significantly reduce the net out-of-pocket cost of philanthropic donations – or multiply the gift with the same amount of commitment.
Since 2007 the firms I work with have sold more than $2 billion of flow-through shares, consistently delivering superior after-tax returns while saving clients significant amounts of tax. With our 100% success rate, not one investor has ever had a tax benefit denied or modified. These firms are registered as Exempt Market Dealers (EMD) with the Ontario Securities Commission .
I am also a past member of the internationally respected Society of Trust and Estate Planners (T.E.P.) and qualified as a Chartered Alternative Investment Planner (C.H.A.I.P.). In 2001 I achieved the highest possible award in the Life Insurance industry, earning “Top of the Table” status of the Million Dollar Round Table.
Ber Tov's Team
Howard is a chartered accountant who has exclusively devoted his practice to income tax planning since 1985. He served as the senior tax partner of a mid-sized accounting firm in Montreal during the early 1990’s. In 1995, Howard moved to Toronto and together with Michael Cadesky formed what is today the largest independent accounting firm in Canada restricting its practice to taxation. In 2001, Howard left Cadesky & Associates to start his own practice specializing in developing proprietary tax plans for high net worth individuals.
In January 2006, Howard founded Ber Tov Capital Corporation to implement the Flow-Through Charity Initiative. Since developing the Initiative, Howard has spearheaded Ber Tov’s efforts in advising clients on the purchase and sale of almost $2 billion of flow-through shares.
Howard’s duties include ensuring tax compliance of the Initiative, which has included the procurement of Tax Rulings from the Canada Revenue Agency. He also acts as a liaison between purchasers of flow-through shares, charities and their respective tax advisors to ensure maximum benefits are achieved as a result of each particular Initiative.
Avi oversees the capital markets functions at Ber Tov. He sources high quality flow-through opportunities through his network of relationships with investment dealers and matches them to Ber Tov’s client demand and criteria. Avi also maintains relationships with institutional and strategic investors who serve as liquidity providers in the structured deals.
Previously, Avi worked in New York City at both NASDAQ and Goldman Sachs before taking a position as a portfolio manager at a hedge fund. Avi has a Bachelor of Arts degree from Yeshiva University. Outside of work, He actively participates in a number of philanthropic projects as a board member for several charitable organizations.
Jake is responsible for managing the transactions and the related documentation. He works closely with clients, advisors and charities, ensuring the process is efficient and seamless. Jake began his career in 1998 at KPMG, receiving his designation as a chartered accountant, before joining Ernst & Young. His experience includes providing auditing, accounting, tax and operational advice to owner-managed corporations, charities and brokerage firms. Jake spent a number of years as the CFO & VP of Operations for a successful transportation company.
Steve has a dual background, having practiced law in New York City and investment management here in Toronto. He brings that background to Ber Tov, where he assists in the research process and analyzes subscription agreements to ensure a purchase of shares meets Ber Tov’s criteria. Steve also handles compliance, internal legal research and contract issues.
Steve received his bachelor’s degree in 1995 from Yeshiva University and his law degree from Harvard Law School in 1998. Steve received the CFA designation in 2006. He previously served as a Portfolio Manager at Manitou Investment Management and as a Tax Attorney at Katten Muchin Rosenman in New York City.