OUR SERVICES
CORPORATE TAX PLANNING AND REORGANIZATIONS
Business owners are busy people and often times tax planning is not proactively undertaken. Planning for business succession, tax minimization, and creditor proofing can help save money, preserve family wealth, and assist in ensuring business stability.
IMPLEMENTATION OF TAX PLANS
We assist clients with the implementation of plans we prepare for them, but also regularly work with accountants with the implementation of tax plans they have devised for their clients. We are happy to assist with the preparation of the necessary legal documents and/or conduct a review of the plan prior to implementation.
INTERNATIONAL TAX PLANNING
In today’s global market, it is common for businesses to expand their operations into international markets and individuals to make foreign investments. We have expertise in helping Canadian clients structure their business and/or investments abroad, as well as assisting foreign investment into Canada. More than ever we are working with clients emigrating from Canada to help minimize their tax on departure and guide them through the complex rules associated with ceasing to be a Canadian resident taxpayer. We also help clients immigrating to Canada to make sure their assets are held and structured in the most tax efficient way possible.
DEALING WITH CANADA REVENUE AGENCY
In recent years, tax authorities have become increasingly aggressive in their attempt to collect tax revenue and unfortunately, the system has become more adversarial than ever before. We can assist in resolving disputes with CRA through the audit, assessment, proposed reassessment, and appeals processes.
VOLUNTARY DISCLOSURES
We can assist with the preparation of submissions pursuant to the Voluntary Disclosure Program. This program is used to correct errors and omissions in tax returns and forms to avoid penalty and prosecution, and minimize interest.
PURCHASE & SALE OF BUSINESSES
Tax planning should always be undertaken prior to the purchase of a business to ensure that it is carried out in the most tax efficient manner possible. We can help determine the options available and whether it is best to purchase assets or shares, and how the purchase should be financed.
Likewise, planning should be considered as far in advance of a potential sale as possible. This allows owners to maximize their return by implementing the appropriate structure to save tax.
TRUST PLANNING & PREPARATION
Trusts are very useful tools which can be used for several purposes, including income splitting (despite TOSI), maintaining control over assets, creditor proofing, succession planning, multiplying the capital gains exemption, moving funds through a corporate structure on a tax-deferred basis, estate planning, and assisting special needs individuals.
We can assist with the planning and preparation of several different types of trusts including family trusts, alter-ego trusts, spousal or common-law partner trusts, joint spousal or common-law partner trusts, Henson trusts, and qualified disability trusts.
WILL PLANNING
Ensuring that your family members are protected upon your death is of the utmost importance. Our approach is to prepare a Will that is specific to your family’s needs and appropriate in light of your financial circumstances. We always look at preserving your wealth, minimizing the tax implications on death and post-mortem and planning for the protection of your dependent relatives in the event of death or incapacity.
ESTATE ADMINISTRATION
Administering an estate has never been more complicated; with continual changes to tax laws and estate administration legislation. We can assist executors and estate trustees with probate, intestate succession, powers of attorney and guardianship applications. We have the knowledge and expertise to help.