StrategicTax.ca

There are a number of tax planning strategies for individuals and business and most plans involve the combination of one or more of them. Some basic strategies are:

• Income splitting among family members
• Shifting income from one tax year to another
• Deferring tax liability through certain investment choices and through registered plans such as RESP's and RRSP's
• Contributing to RRSP's and doing it early in the year
• Maximizing the use of non-taxable employee benefits
• Structuring your affairs to make interest expense tax deductible
• Investing your money to produce income or gains that is taxed at a more favorable rate.

Our professional accountants and financial planners will review tax-planning opportunities with you and proactively plan financial transactions to minimize current and future tax liabilities.