Our tax practice excels at implementing tax strategies for clients to minimize overall personal and business taxes within the boundaries set out by the Canada Revenue Agency (CRA).
Our tax accountants can help you with:
TAX COMPLIANCE
- Income tax filings including personal (T1), corporate (T2), trust (T3) and partnership (T5013) returns
- Terminal returns and clearance certificates
- Non resident taxation (i.e. Section 115, 116 and 216 returns, tax forms NR4 and NR6, clearance certificate requests)
- Voluntary disclosure applications to request CRA relief of filing penalties
- Preparation of responses to CRA tax audit requests
- HST return preparation
- Payroll tax calculations including T4 and T4A slip preparation
- Statement of investment income (T5) returns
TAX PLANNING
- Trust and estate planning
- Income splitting with family members
- Shareholder remuneration (e.g. dividends vs. salary decisions)
- Tax efficient business setup (e.g. incorporation vs. sole proprietorship)
- Employee vs. contractor status for consultants
- Dividend planning
- Business succession planning
- Industry specific planning for physicians, dentists and other medical practitioners