Personal tax planning & tax returns with a qualified tax accountant

Paying taxes is a fact of life. The way you organize your affairs, however, can make a great difference. Your tax advisor can formulate and implement a comprehensive personal tax plan for you with a view to minimizing and deferring income tax liabilities and maximizing your income tax return. Myron Triska has been a personal tax accountant in Mississauga & Etobicoke for over 30 years, and can help you with tax planning

How to maximize my income tax return?

File as a family and transfer deductions between spouses where possible
Include employment deductions if eligible
Minimize tax on severance by maximizing your RRSP contribution
Claim eligible deductions for your specialised field
Claim non-refundable tax credits like the Family Caregiver amount or medical expenses

What is Income Tax Planning?

Tax Minimization - Taxes never to be paid that would otherwise be payable
Tax Deferral - Taxes which become payable at a date later than when they would otherwise be payable
Tax Sharing - equalization of tax rates between spouses and family members
Income-splitting strategies

Investment Income Planning

Analysis of the tax burden on different types of investment income (interest, dividends, capital gain)
Debt and interest deductibility planning
Principal residence election options
Who in the family should earn investment income to effect maximum retention?

RRSP & Retirement Planning

Spousal RRSPs and how to use your RRSP as an averaging tool
Contributions prior to emigration from Canada
Advantages of income earned in an RRSP
Tax-free Rollovers to RRSPs
Self-Directed RRSPs & Mortgages

Employment Income and Expenses

Employed vs. Self-Employed
Company Automobiles
Employment Deductions for auto and home
Moving Expenses

Other Personal Tax Planning Issues

Income-splitting opportunities for Small-buiness owners
Evaluation of employment severance options

The Next Step

Why don't we meet for an initial consultation to get to better understand each other?

There is no charge for our initial consultation to review your financial situation and to discuss tax strategies for your personal return.
We will happily meet with you on evenings and weekends.
There are no surprises - we discuss in advance our reasonable and competitive fees for all of our services such as tax filing.