Don’t wait for surprises when it comes to your taxes. Having a strong plan means peace of mind and savings.
If you are asking yourself any of these questions, it’s time to speak with us:
- Can I afford to retire?
- How can I minimize the taxes arising on my death?
- How can I structure my investments to minimize current taxes?
- Does it make sense to buy more insurance?
- Is there a place for trusts in my financial or estate plans?
- How can I split income with members of my family?
Many individuals are under the impression that professional tax planning and consulting are only for the mega wealthy. In actuality, it is the individuals that have accumulated a modest net worth that have a more pressing need to protect their hard-earned savings from OVER taxation.
Our tax consulting services focus on a proactive versus reactive approach. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.
One often overlooked area is tax credit maximization. Tax credits come in two forms refundable and non-refundable. So to ensure the largest refund or to reduce taxes to the bare minimum it is important to understand how each works and how to optimize the return.
If you are considering selling your business or transferring ownership to the next generation, we can assist by implementing tax-efficient strategies and reorganize your corporate structure prior to the sale to maximize tax saving opportunities. Whether you need to put in place an estate freeze, effect a share exchange or are interested in taking advantage of the $883,384 capital gains exemption (for 2020) available to qualified small business corporation, make sure that you look into the tax implications well in advance of the sale as some strategies need to be implemented 24 months prior to the sale taking place.
Corporate restructuring requires a full grasp of the various tax attributes of different corporate structures and the rights assignable to classes of shares.
Corporate restructuring comes into play hand-in-hand with advanced tax planning.
We work closely with highly qualified lawyers and notaries to ensure that all tax plans are properly implemented.
Estate planning is a crucial component of tax planning.
When little thought is given to estate planning, double taxation is often the result.
We will examine your corporate structure and in conjunction with highly qualfied notaries who specialize in will planning ensure your overall estatre plan is optimized.
Don’t leave your children’s future in the hands of the government. Plan for tomorrow today.
Life insurance is a tool that can bring incredible benefits.
Life insurance is not only about what happens after you pass away but can also be used to actively improve your present.
Recent changes in the Tax Act concerning passive income, necessitate that you at least consider insurance as part of an over all tax plan.
Tax planing is about having options and life insuance when properly used is one of those options.
Holding companies and trusts have been used by the wealthy taxpayers for generations to defer tax and protect assets.
The Westminster Principle, named after the 1935 House of Lords decision in The Duke of Westminster’s Case, holds that a taxpayer can legally arrange their affairs to minimize tax payable, regardless of motive. This long held principle has been continuously reinforced by our Judiciary to protect taxpayers from the long arm of the tax department.
If your current business operations do not include these structures, we recommend you find out why not.