The utilization of a company’s prior tax losses is a largely overlooked but very easy tax strategy to employ. Find out how corporate losses can be converted into cash through a tax refund.
Shareholder remuneration strategies
An effective remuneration strategy for business owners is vital. Why should you pay more than you need to? We work with the business owner to minimize corporate and personal taxes and maximize your after-tax income. As tax rates and rules change, so too should your remuneration strategy.
We will evaluate the optimal level of funds to retain in your business, and consider tax-effective ways to withdraw funds tax free (capital dividends or return of capital), and also evaluate RRSP eligibility, AMT, etc.
Corporate tax checkups
Every now and then it can be very valuable to take a fresh look at a corporate structure to determine whether every available tax planning strategy has been employed. This is worthwhile since circumstances and tax laws change, potentially resulting in new opportunities.