Corporate Tax Planning Services

We model both salary and dividend strategies based on cash flow, RRSP room, and benefits to help determine the optimal mix for your situation. Salary provides RRSP contribution room, CPP benefits, and may be more tax-efficient in some situations, while dividends may be more tax-efficient in others depending on your personal tax situation and the small business deduction. We analyze your specific circumstances including personal tax rates, RRSP contribution needs, CPP benefit considerations, and cash flow requirements to model different remuneration mixes. The optimal strategy depends on factors such as your personal tax bracket, need for RRSP room, CPP benefit preferences, and overall tax efficiency. However, the best strategy can change as circumstances change, so we model scenarios and discuss trade-offs rather than recommending a single approach. Outcomes depend on actual tax rates, your personal situation, and other factors, so we provide analysis and recommendations based on modeling rather than guarantees of specific results.

Yes, group and intercompany planning are available to optimize tax outcomes across multiple related companies. Multi-entity planning involves analyzing tax implications across related companies, coordinating intercompany transactions, managing group tax strategies, and optimizing overall group tax outcomes. This includes planning for holding companies, operating companies, and other related entities, ensuring intercompany transactions are structured tax-efficiently, and coordinating group strategies. Group planning can involve strategies such as income splitting, intercompany loan arrangements, dividend planning, and group credit optimization. However, group planning complexity increases with the number of entities and intercompany relationships, and proper planning requires understanding entity structures, intercompany transactions, and group tax rules. We coordinate planning across related entities to ensure strategies work together effectively, but group planning outcomes depend on entity structures, intercompany relationships, and specific circumstances. We work with you to understand your group structure and develop coordinated planning strategies.

Yes, we collaborate with external advisors including wealth advisors, lawyers, and other professionals to ensure integrated planning. Tax planning often affects and is affected by investment strategies, estate planning, legal structures, and other areas handled by other professionals. We coordinate with your wealth advisor to ensure tax planning strategies align with investment strategies and overall financial planning. We coordinate with lawyers on legal structures, estate planning, and other legal matters that have tax implications. This collaboration ensures all aspects of your financial and tax planning work together effectively. However, coordination depends on your preferences and advisor relationships-some clients prefer close coordination with regular communication, while others prefer periodic coordination during planning reviews. We respect your existing advisor relationships and work to enhance coordination rather than replace advisors. Our goal is to ensure tax planning integrates with all aspects of your financial team while each professional focuses on their area of expertise. We maintain open communication channels and can facilitate discussions between advisors when needed.

Tax planning should be reviewed annually and adjusted as circumstances change, with more frequent reviews for significant business changes or tax law updates. Annual planning reviews typically occur before or during year-end to ensure strategies are implemented in current year returns and to plan for the upcoming year. However, planning cadence depends on your situation-businesses with stable circumstances may need annual reviews, while businesses with significant changes, growth, or complex structures may benefit from more frequent reviews. Significant business changes such as acquisitions, divestitures, restructuring, or major transactions may require immediate planning review. Tax law changes can also affect planning strategies, so we monitor changes and review planning when relevant updates occur. Planning cadence can be tailored to your needs-some clients prefer annual comprehensive reviews, while others prefer ongoing planning support with regular check-ins. We discuss your needs and establish a planning cadence that works for your situation. However, planning effectiveness depends on timely review and adjustment, so we recommend annual reviews at minimum to ensure strategies remain appropriate.

We coordinate tax planning with year-end processes and other advisors to ensure strategies are implemented effectively and integrated with overall planning. Year-end coordination involves ensuring planning strategies are implemented in Corporate Tax Preparation Services (T2 Filing), coordinating with Financial Statements – Compilation (NTR) to ensure planning aligns with financial reporting, and ensuring year-end transactions support planning strategies. We coordinate with wealth advisors to ensure tax planning aligns with investment strategies and overall financial planning. We coordinate with lawyers on legal structures and estate planning matters that affect tax planning. This coordination ensures planning strategies are implemented correctly, integrated with other planning areas, and work together effectively. However, coordination depends on timely communication and advisor availability-we work to coordinate efficiently, but coordination effectiveness depends on all parties being available and responsive. We establish clear communication channels and coordinate during planning reviews and year-end processes to ensure integration.