SMART Savings Plan™
An innovative tax saving solution that enables clients to substantially reduce their annual income tax burden.
Up to 50%
Maximum Annual Tax Savings
Up to 218%
Cumulative Return on Cash Paid
Subject to province of residence and date of purchase.
This web summary of the SMART Savings Plan™ is for information purposes only and does not constitute or purport to constitute an offer to sell nor a solicitation to buy any securities. Securities are only being offered by and pursuant to an offering memorandum (the “Offering Memorandum”) relating to the EquiGenesis 2023 Preferred Investment LP (the “Partnership”) describing the offering of such securities (the “Offering”). Investors must receive and review the Offering Memorandum prior to subscribing for the securities described therein. This web summary is not a complete description of the securities and is in all respects subject to the provisions of the Offering Memorandum describing the Offering, especially those provisions regarding “Risk Factors” and “Forward-Looking Statements”. Prospective investors are encouraged to consult with their own professional tax and financial advisors to determine the appropriateness of an investment in the Smart Savings Plan™ in relation to their own financial objectives.
The Partnership is a “connected issuer” of EquiGenesis Corporation (“EquiGenesis”) as such term is defined in National Instrument 33-105 – Underwriting Conflicts. The Partnership is a connected issuer of EquiGenesis as a consequence of Ken Gordon being the sole director and senior executive officer of EquiGenesis and the sole director and senior executive officer of the general partner of the Partnership (“General Partner”). Each of EquiGenesis and the General Partner are owned by a holding company, the shares of which are beneficially owned by a family trust established for the benefit of the family of Ken Gordon. The General Partner determined the terms of the Offering. EquiGenesis was not involved in the decision to distribute units of the Partnership or the terms of such distribution. For additional information regarding the relationship of the parties involved in the Offering, please refer to the “Conflicts of Interest” section in the Offering Memorandum.
The SMART Savings Plan™ is a tax saving solution that allows clients to substantially reduce their annual income tax burden over the course of a 10 year period.
Clients of the SMART Savings Plan™ are required to contribute a fixed amount to their Plan each year. In return, they receive tax savings greater in value than their annual contribution. These tax savings have the potential to reduce an individual’s income tax by up to 50%.
The specific level of annual tax savings is determined by the individual’s annual income and the number of investment units purchased.
A Personalized Approach to Tax Savings
We help our clients optimize their tax savings through a highly personalized experience. First, one of our highly trained representatives works with each client to understand their financial goals in order to determine a Plan participation level that provides them with the most effective annual tax savings. Then, throughout their participation in the Plan, our team is available 24/7 to answer any questions.
Who Can Invest?
Accredited Investors in Canada
The SMART Savings Plan™ from EquiGenesis is open to accredited investors, as
defined by securities legislation in your province of residence.
As an individual, your pre-tax income was more than $200,000 in each of the past two years, and you expect to maintain at least the same level of income in the current year.
As a married couple, your joint pre-tax income was more than $300,000 in each of the past two years, and you expect to maintain at least the same level of income in the current year.
The SMART Savings Plan™ is more than a financial solution to reduce income tax. As a core belief of our firm, the SMART Savings Plan™ allows clients to allocate a meaningful portion of capital, at no out-of-pocket expense, to a charity of their choice.
This charitable giving aspect of the Plan accelerates clients’ tax savings while also providing them an opportunity to give back to society.
Peace of Mind
Since inception, EquiGenesis has maintained a strong track record of providing viable tax saving solutions made possible in part by beneficial aspects of Canadian tax law.