Working with you towards reducing your company’s overall tax burden
Reducing your company’s overall tax burden
Our private company tax professionals will keep you and your team informed about changes that affect your private company.
With them, you can develop an approach to reducing your overall tax burden by, for instance:
Corporate tax compliance services Canada's complex, multi-layered, and continuously changing tax laws present a significant tax compliance challenge to private companies.
Companies ranging from growing owner-managed businesses to large private enterprises should satisfy their Canadian and where applicable, US and international tax reporting obligations efficiently and cost-effectively.
Options for private businesses
Fortunately, Canadian private businesses have many options to enhance their tax status and help lower their overall tax burdens. Our tax professionals work closely with you to examine all of your reporting requirements. This, in turn, can allow you to:
You also have access to an international network of Tax professionals who can advise on any local tax requirements wherever your private company does business. As well, you can benefit from extensive industry experience to help you identify any tax issues specific to your sector.
Owner-manager compensation strategies
As the owner-manager of a private company, another essential matter to address is compensation. You want your business to be a success and you should also draw an income. The question is, how do you determine what portion of the profits will form your salary?
Structuring your compensation
As private company advisers, we can work with you to help recommend an effective and tax-efficient approach to structuring your compensation. Strategies include:
We can help you crunch the numbers to calculate a favourable salary/dividend mix and weigh the tax benefits of the various options.
Working together, we can help you develop an appropriate compensation strategy for your circumstances.