Corporate Tax Planning

Neufeld Legal PC: Chris@NeufeldLegal.com - 403-400-4092 / 905-616-8864

Appropriate corporate tax planning is a permissible and appropriate course of action with respect to advancing your business' financial position, given that the law mandates that one's business pays the full required tax liability that is obligated, yet does not require one's business to be structured in a tax inefficient manner. As such, implementing legitimate tax planning strategies is not only justified, but expected from the government, given that have set forth the legal structure withing which your company or partnership must structure and implement their business for optimal efficiency and profitability.

Common areas of corporate tax planning and personal tax planning include:

Estate Freezes - a tax strategy intended to transfer the future growth of an asset to other taxpayers, while concurrently converting the current value of that particular asset to a fixed amount for the original owner.

Corporate Rollovers - a tax strategy designed to optimize your business operations and tax efficiency, transferring assets or shares to an alternate business entity.

Trusts - utilized for a variety of tax planning and related purposes, including tax, estate, succession and family wealth planning.

Succession Planning - structured approach that is intended to help ensure the orderly transfer of ownership of your business to your partners, other family members or your heirs.

Professional Corporations - various professions, including doctors, dentists, accountants and lawyers are entitled to incorporate as professional corporations, which can provide those professionals with certain tax benefits, but not the legal liability protections afforded to a standard corporation.

Severance Pay / Retirement Allowance - when one's employment comes to an end, especially after many years of continuous employment, whether fired, terminated, laid-off or retired, minimizing income tax in relation to the severance payment or retirement allowance is an important consideration.

For knowledgeable and experienced tax law representation for transactional tax matters and tax planning, contact tax lawyer Christopher R. Neufeld at Chris@NeufeldLegal.com or call 403-400-4092 (Calgary, Alberta) / 905-616-8864 (Toronto, Ontario).

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