Corporate Tax Consulting
As a successful business owner, one the most common problems you may encounter is how to efficiently extract capital from your business with a minimum tax burden to help ensure you and your business thrive.
Tax Efficiency
As a business owner, you may have the ability to pay some expenses with corporate after-tax dollars much more effectively than with personal after-tax dollars. We still encounter too many business owners paying for health care expenses with personal dollars when that may not be necessary.
Capital Extraction
Extract capital from your business in the most tax-efficient way possible. Our strategies help you access funds while minimizing tax impacts, ensuring long-term financial health.
Business Succession Planning
If you are contemplating the transition of your business, you should talk to us about strategies to maximize the value you receive from this process. Poor planning on this front can result in significant additional taxes over time.
Optimize the Usage of Your Surplus Corporate Cash
We see many successful business owners with hundreds of thousands of dollars in short-term GICs, High-Interest Bank Accounts or even worse, sitting in a chequing/savings account. Don’t let the bank use your hard earned money to make money for themselves. Use that capital effectively to make money for yourself with strategies that don’t put your profits at risk.
Corporate Tax Planning Strategies
Many business owners struggle with how to take money out of their corporation in the most tax-effective way. We help you implement strategies that require time but are highly effective in the long run.
Corporate Tax Consulting FAQs
Common questions about our services.
How do I minimize my taxes as a business owner?
This involves detailed planning across various aspects. You need to determine how to withdraw your personal income from the corporation, manage expenses using personal or corporate funds, develop a strategy for handling any cash surplus that may accumulate within the corporation, and meticulously prepare for a future ownership transition. Neglecting to plan typically favours the Ministry of Finance to your disadvantage.
How do you extract capital from a corporation?
We develop customized strategies that allow you to extract capital with minimal tax impact, typically over a longer time frame.
How do I get started?
Contact us to discuss your business’s financial goals and begin planning your tax strategy.
Ready to Take Control of Your Financial Future?
Contact us today to start your personalized financial journey.