Corporate income tax is one of the largest expense items for any successful business. Effective corporate tax planning is essential in order to reduce business taxes in the long run, not only for the business owner, but for your entire family. As trusted advisors to many clients in the GTA for corporate tax planning, Max Taxation & Financial Services specializes in understanding your business and lifestyle goals and finding the best tax vehicles to help you reach them. Our experience gained through many years of corporate tax planning, has allowed us to help our clients protect their net wealth and preserve the equity in their business; for today and for generations to come.
We are your GTA business tax planning specialists. Let us take care of your tax planning, so you can focus on what you do best: expanding and growing your business.
Common corporate tax planning issues we address:
- Optimal amount to draw from the corporation
- Pay wages or dividends
- Income splitting options with family members
- Dividends to adult children attending University
- Share classes and shareholdings
- Buy an RRSP or pay down the mortgage
- Hold investments in the company or personally
- Corporate tax and HST instalments
- Timely payroll remittances
- Filing corporate tax and HST returns
- Timely filing of T4, T5, and T3
- SR&ED credit claims
- Capital dividend election
- Tax free rollover of assets into a corporation
