Personal tax rates are much higher than corporate tax rates. Inadequate tax planning and missed deductions are very costly. Use a tax professional to file your personal tax return for peace of mind.
Common Tax Issues:
- ensuring all qualified medical/attendant care/disability claims are made
- planning to ensure maximum childcare expenses are deducted
- rental income
- disposition of real estate properties
- business returns for proprietors and business partners
- utilization of prior year capital losses and business losses
- utilizing capital gains exemption
- Maximizing the principal residence exemption
- Tax considerations during divorce settlements
- Planned gifting to registered charities
- Transfer of assets to adult children
Learn more about Personal Tax Planning from our Blog posts:
+To Incorporate or Not
+Capital Gains Deduction for Canadian Business Owners
Tax Planning for Canadian Self-Employed Businesses:
+Tax planning spreadsheet for Canadian self-employed business
