Estate & Tax Planning
Have you thought about how you’re going to pass your assets onto your family after death? How about who will own and operate the business? These are important questions, and our accountants can help answer them for you.
1. Transfer of business and estate freeze
When you’re ready to give the reins of your business to the next generation, we can help you structure the transition in a way that the tax consequences are in your favour, and you are able to manage them effectively. This includes freezing the value of your business at a given point in time so you are more certain of your tax obligations in the future.
2. Planning for succession
Upon death, there are tax consequences of transfer of assets, which can leave your family with tax burden that no one anticipated. We work with you to understand these obligations, and plan ahead so that you and your family are better prepared.
3. Tax planning
Tax planning is not exclusively for businesses and those with complex tax situations. Tax planning is important for every individual at different life stages, so that you have more certainty about future tax obligations and so that you can minimize your tax burden in the present and future.
Whether you are an employed individual or a freelancer with numerous side-hustles, our team stands by you.
4. CRA Correspondence
Seasonal tax filing is a myth. Tax filing is not a once-a-year matter. Constant and continuous correspondence with the CRA, monitoring of tax matters, and planning ahead ensures that you are onside with the CRA and are optimizing your tax returns. Our team works with you to ensure exactly that.
5. Re-filing and re-evaluation
You can bring us previous filings and we will gladly review them for you. We can help you determine previous deficiencies and missions, and can help you refile to correct the returns.
6. Personal tax planning
Who said tax planning is only for businesses and complex tax returns? Tax planning is routed in every tax return, and it is the job of the accountant to guide the client towards better financial being. Our team keeps your long-run in mind, providing you the guidance you need to navigate your tax matters.