As one of the most important elements to managing finances, tax planning is critical for individuals or businesses to ensure that they save as much as possible whilst adhering to the requirements set forth by the Canadian tax system. Here at Dean & Associates Accounting, we pride ourselves in providing tax planning services in Canada to an array of individuals while ensuring they are set up for success economically throughout the years.
Why Tax Planning is Important
Not many understand this, but tax payment is essential for the wellness of finances, and effective tax planning is a significant piece of the puzzle. If you handle your finances in a predefined way, you will be able to:
- Legally cut down on taxable pay
- Utilize deductions and credits that are easily accessible
- Postpone payments on taxes for future advantages
- Work towards decreasing financial obligations for individuals or businesses
- Facilitate the follow up of laws set by Canada Revenue Agency (CRA)
With tax legislation in Canada changing frequently, having a tax planning professional such as Dean & Associates Accounting on your side can prove to be greatly beneficial.
All Inclusive Services for Tax Planning
Here at Dean & Associates Accounting, we specialize in providing all kinds of tax planning services in Canada that are tailored to meet the specific needs of individuals, businesses, and professionals.
1. Personal Tax Planning
We design tax-saving plans for individuals and families that include:
- Splitting income strategies
- Investments with tax considerations
- Tax planning for retirement (RRSPs, TFSAs, and pensions)
- Estate and succession planning
- Optimization of credits and deductions
2. Corporate Tax Planning
Every business, no matter the size, stands to gain from organized tax plans that improve profit margins and compliance. These are our tax corporate planning services:
- Structuring business for maximum tax efficiency
- Deductions for small businesses
- Minimization of corporate income tax
- Strategizing for capital gains taxes
- Maximization of expense deductions
3. Tax Planning for Professionals
We cater to individual taxpayers including physicians, surgeons, lawyers, consultants who need help with tax planning. Here is how we help:
- Assist in maximizing incorporation benefits
- Facilitate increase in retirement savings
- Minimize taxes on self-employment income
- Plan for fluctuations in income in a reasonable way
4. Real Estate Tax Planning
By developing strategies, investors and owners of properties can realize savings on taxation burden. These are our services:
- Strategies to defer tax on capital gains
- Maximizing tax-free rental income
- Planning for deductible expenses
- Considerations of GST/HST to real estate deals
5. Estate and Trust Tax Planning
Strategic planning enables the effective transfer of your wealth to your loved ones at the right time.
Our offerings for estate tax planning involve:
- Decreasing estate taxes
- Creating family trusts
- Strategies for protecting wealth
- Planning to reduce probate fees
Why Select Dean & Associates Accounting?
Knowledge About Tax Laws in Canada
The professionals in our team make sure to follow the latest tax laws so they can advise clients on each and every tax saving feature they qualify for.
Custom Tax Plan
Every client has different financial objectives. With our special approach, we ensure you get tax plans that are appropriate for your goals and objectives.
Active Tax Planning Approach
Our firm believes in making an effort to save tax dollars, as opposed to preparing tax returns only when you need them. By planning ahead, we ensure that your tax liabilities are at their lowest level and earnings at their highest throughout the year.
Service Focused Around Clients
We defend the interests of our clients by giving simple advice and providing effective support and take about ensuring their money works effectively.
Complete Your Expert Tax Plan Now
Be it an individual, professional or business, Dean & Associates Accounting takes all responsibilities regarding tax planning in Canada. For financial security, allow our experts to develop a custom tax strategy to help you save money.
Book a consultation with us today and find out how tax planning services can change your approach for the better!
