Our Services
Get in touch today to discuss how our expert consultants can provide tailored solutions to drive your business forward. Our dedicated team is ready to assist with any inquiries and ensure your consulting needs are met with precision.
Personal Tax Preparation and Planning
Our personal tax services are here to simplify the tax process for you. We have a breadth of experience to offer and expertise in preparing personal tax returns for individuals with all types of income. Due the complexity and frequent change in statutory regulations concerning Canadian tax law it is imperative to hire a tax accounting professional that keeps abreast with current tax law amendments and has the expertise to apply such rulings in the real world. This is where Taxare CPA can assist you with your personal tax minimization strategy and preparation.
Our firm specializes in the following areas of personal tax preparation and planning:
· Employment Income
· Business Income for Individuals (Self-Employed Individuals)
· Income From Property (Rental Income, Investment Income and Capital Gains)
· RRSP and Other Tax Deferred Plans
· Canada Pension Plan (CPP), Employment Insurance (EI), Old Age Security (OAS), Registered Retirement Plan (RPP), etc..
· Other Income Inclusions, Other Deductions and all applicable credits for individuals
Book a Free Consultation and we would be more than happy to discuss your specific needs.
Corporate Tax Preparation and Planning
Our corporate tax services are here to simplify the tax filing requirements for our business clients. Our expertise is focused on working with small-midsized businesses to ensure our client’s corporate tax returns are filed accurately and are in compliance with current tax laws and regulations. Taxare CPA can assist you with your corporate tax minimization strategy and preparation.
Our firm specializes in the following areas of corporate tax preparation and planning:
· Business income/loss for corporations (various industries)
· Eligible business expense/deductions including capital cost allowances
· Property income for corporations (Interest, Dividends, Rental Income and Royalties)
· Capital Gains/Losses on Capital Property
· GST/HST Filing/Registration
· All other applicable deductions/credits for corporations
Book a Free Consultation and we would be more than happy to discuss your specific needs.
Tax Advisory and Planning
Our team of tax professionals has the expertise and combined experience to simply our clients’ tax planning needs in order to minimize their future tax liabilities. Our team specialized in developing tax minimization strategies for our personal and corporate clients. Our customized tax saving strategies are aimed to reduce our clients’ taxable income by taking into account current tax laws and regulations, eligible deductions and credits, year-end strategies and investment planning.
Taxare CPA focuses on an integrated approach when dealing with clients with both personal and corporate tax needs as well as a standalone basis. We will take into account your personal and/or corporate objectives and derive a suitable plan which fits your needs.
Tax planning on a corporate and personal level can be vast and each are has its own complexity and provisions. Our most common areas of focus are as follows:
· Incorporation and initial corporate structure (initial set up and filing requirements)
· Retirement planning strategy though Government-assisted plans: RRSPs, RRIFs, RDSPs, ERSPs and TFSAs
· Remuneration Structure/Strategy (Dividends vs. Salary)
· Tax Free Rollover Provisions (transferring business assets to a corporation, spousal rollover)
· Shareholder loans (payback deadlines and criteria)
· Estate freezes and planning (preferred and common shares arrangement)
· Lifetime Capital Gain Exemption (eligibility requirement, asset test)
· Income splitting strategy (corporate and personal)
· Other tax planning issues related to your unique circumstances.
Book a Free Consultation and we would be more than happy to discuss your specific needs.
Contact us
Interested in working together? Fill out some info and we will be in touch shortly. We can’t wait to hear from you!