Canadian Tax Planning
As Tax advisors, we provide guidance in various tax planning strategies that can help you meet your financial goals. Our team has experience with estate freezes for intergenerational transfers or buyouts, restructuring, mergers & acquisitions, and postmortem planning. Because every client situation is unique, we take the time to develop personalized tax solutions tailored to fit your unique needs and objectives.
01.
Estate Freezes
Our team of experts can guide you in implementing an estate freeze transaction. There are many purposes for implementing this transaction including but not limited to (i) to protect and transfer wealth from one generation to the next, while at the same time minimizing taxes for the family (ii) to help you protect your operating company assets from creditors/potential lawsuits, (iii) to reduce the tax payable on the ultimate sale of your business.
02.
Restructuring
Since you started your business there may have been situational changes that require you to involve a new corporation, trust, or partnership in your corporate structure e.g., you might need to creditor-proof your corporation or to ensure eligibility under the Income Tax Act for claiming the lifetime capital gains exemption in the future. If you hold all your assets in an operating company such as life insurance, it will lead to problems for you in the future. Our corporate restructuring experts can help you in this regard.
03.
Mergers & Acquisitions
If you are planning to acquire a business or sell your existing business then you need solid tax advice. Timely tax advice can reduce your tax liability significantly. We can design the plans and share them with you for you to make an informed decision.
04.
Structuring in Canada/overseas
At our firm, we understand the complexities involved with investing overseas or in Canada. You need to have a good corporate structure in place. Our experienced professionals can guide and assist in setting up structures for any overseas investments whether that be purchasing real estate in Florida or starting an active business.
05.
Postmortem Planning
There is a saying that death and tax are both inevitable. Our postmortem planning services offer postmortem tax burden management for your heirs to reduce tax obligations and maximize inheritances. A person doesn’t have to die to start the postmortem planning it should be done in their lifetime.