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Myron E. Triska - Etobicoke & Mississauga Corporate Tax Returns & Financial Planning

Etobicoke & Mississauga Corporate Tax Returns & Financial Planning

We live in taxing times. Most of us agree to assume our fair share of the tax burden, but none of us can afford to pay more than is legally required. Effective tax planning to minimize total taxes paid is the cornerstone of our relationship with every client.

Everything you do in the business world likely has tax consequences. We can guide you through the labyrinth of corporate accounting. We can help you anticipate transactions that otherwise invite undue taxation of your personal or business assets, and help you prepare your corporate tax return to make sure you pay the least amount of tax possible.

We can help you with corporate financial planning. A corporate financial plan guides your business in the short and long term in making decisions about the activities and investments of your company. We determine the goals and strategies for your corporate financial plan based on your values and priorities.

When filing a corporate tax return, we help you by:

  • Identifying all available credits such as the Federal SR&ED for innovation
  • Maximizing deductions such as specialised equipment
  • Keeping comprehensive records to avoid audits

Tax Compliance:

Tax Planning for Owner-Managed Business:

  • Preserving small business deduction
  • Owner's remuneration
  • Dividends vs. salaries
  • Fiscal year-end selection
  • Family trusts
  • Deferred taxation and remuneration
  • Corporate reorganizations to minimize taxes
  • Corporate tax return preparation
  • Income splitting strategies
  • Cross-border tax issues
  • During-year review for effective year-end tax planning
  • HST Returns

Evaluation of Effectiveness of Current Corporate Structure:

  • Tax minimization & deferral
  • Creditor-proofing
  • Holding companies
  • Multiplication of Capital Gains Exemption