Who this is for

Owners of incorporated businesses deciding how to pay themselves
Self-employed people thinking about incorporating
Business owners planning a large purchase or approaching their year-end
People who pay tax by instalments and want the amounts to make sense
Families weighing RRSP, TFSA or FHSA contributions against benefits such as the Canada child benefit
Anyone facing a change that affects tax: a new job, a sale, a move, a marriage or a new child

What to bring

Your last two years of personal tax returns and Notices of Assessment
For a corporation: the last T2 return and financial statements, and current bookkeeping figures
Any instalment reminders from the CRA
A short description of the decision you are facing and when it needs to be made
Quotes or agreements for any large purchase or sale you are considering

What we can plan with you

Paying yourself from a corporation. Salary, dividends or a mix, and what each means for personal tax, CPP and RRSP room.
Before the corporate year-end. What to record, what to pay and what to decide while the year is still open.
Timing a large purchase. When buying equipment or a vehicle makes a difference to the deduction.
Tax instalments. Whether the CRA’s suggested amounts fit your actual year.
Incorporating or not. What changes in tax and paperwork if a sole proprietor incorporates.
RRSP, TFSA and FHSA. The tax effect of contributing, including how a deduction can change family benefits.
Family benefits. How income decisions affect the Canada child benefit and BC benefits.
After a life change. A new child, a marriage, a move, a sale or a death in the family.

What we do not do

We are a tax and bookkeeping practice. We do not recommend investments and we do not manage money. We do not prepare wills, trusts or other legal documents. Insurance is a separate service, and planning advice is never tied to buying it.

How it works

Call or request a callback. Tell us the decision and the deadline.
We look at your numbers. We review your returns and current figures, and ask what we need to know.
We explain the options. You see the tax effect of each choice in dollars, in plain language. You decide.
We follow through. If a choice needs payroll, filings or bookkeeping changes, we can handle those too.

Fees

Planning is quoted for the work involved: a single question is a different job from a year-end review of a corporation. We confirm the fee before we begin. See how our fees work.

Common questions

How is this different from preparing my return?

Preparing a return reports a year that has ended. Planning happens before a decision, so the options are still open. Many clients do both with us: a planning conversation during the year and the return after it.

Do you give investment advice?

No. We explain the tax effect of a choice, such as an RRSP contribution or how a corporation pays its owner. We do not recommend investments or financial products.

Do you prepare wills, trusts or shareholder agreements?

No. Those are legal documents. Where a plan needs one, we tell you and you can work with a lawyer. We can then handle the tax filings that follow.

When is the best time to talk to you?

Before the money moves. For a corporation, that usually means a few months before the year-end. For a personal decision, it means before you sign, buy, sell or contribute.

Can I speak to someone in Punjabi or Hindi?

Yes. Our team speaks English, Punjabi and Hindi. Tell us your preferred language when you call or request a callback.

Read before you call

Related services

This page describes our service in general terms and is not advice about your individual situation.

Tax Planning in Surrey