Personal Tax Planning

Since personal tax rates are much higher than corporate tax rates, inadequate tax planning and missed deductions can be extremely costly, reducing your net income and impacting your personal wealth for years into the future. When you use our accounting services, enjoy peace of mind, knowing that you can depend on the experience and expertise of a professional GTA accountant, to file your personal tax return and reduce your tax burden today and for the long term.

Common Tax Issues:

  • Ensuring all qualified medical/attendant care/disability claims are made
  • Planning to ensure maximum childcare expenses are deducted
  • Rental income
  • Disposition of real estate properties
  • Business returns for proprietors and business partners
  • Utilization of prior year capital losses and business losses
  • Utilization of capital gains exemption
  • Maximizing the principal residence exemption
  • Tax considerations during divorce settlements
  • Planned gifting to registered charities
  • Transfer of assets to adult children