Practice Areas of Tax Toronto and the GTA
Unlocking the World of Taxation: Your Comprehensive Tax Resource
Welcome to our comprehensive tax resource, where we delve into multiple facets of taxation to empower individuals, businesses, and investors with knowledge and insights to navigate the intricate world of taxes. Whether you’re a seasoned financial professional seeking the latest tax updates or a newcomer to the realm of taxation, our goal is to provide you with valuable information and guidance across various tax areas.
Exploring the Tax Landscape
Taxation is a multifaceted landscape, with laws, regulations, and policies that can vary significantly from one jurisdiction to another. From income and property taxes to international and corporate taxation, we’ve got you covered. Our dedicated team of tax experts and professionals is committed to delivering up-to-date, relevant, and accessible content to help you make informed decisions in your personal and business financial matters.
Areas We Cover
- Income Tax: Unravel the complexities of personal and business income taxation, from understanding tax brackets to exploring deductions and credits that can reduce your tax burden.
- Property Tax: Learn about property assessments, tax assessments, and strategies for managing property taxes effectively.
- International Taxation: Explore the intricacies of international tax, including cross-border transactions, tax treaties, and compliance requirements for individuals and businesses with global interests.
- Corporate Taxation: Dive into the world of corporate taxes, understanding how businesses can optimize their tax strategies, comply with tax laws, and navigate changes in tax codes.
- Estate and Inheritance Tax: Gain insights into estate planning, inheritance tax, and strategies to preserve wealth for future generations.
- Sales Tax: Understand the ins and outs of sales tax, including state and local tax regulations and their impact on businesses and consumers.
- Tax Planning and Strategy: Discover tax planning techniques and strategies for minimizing tax liabilities while staying in compliance with tax laws.
Why Choose Our Tax Resource?
In an ever-evolving tax landscape, having access to reliable, accurate, and timely information is paramount. Our tax resource is designed to be your go-to destination for staying informed about the latest developments in taxation, accessing practical guides, and finding answers to your tax-related questions.
We are committed to providing clear, jargon-free explanations and practical advice that can help you make sound financial decisions. Our team of tax experts brings a wealth of experience to the table, ensuring you have access to the most reliable and up-to-date information.
Get Started
Explore the various tax areas we cover and access a wealth of resources to expand your tax knowledge. Whether you’re an individual taxpayer, a business owner, or a financial professional, we invite you to dive into the world of taxation with us. Together, we’ll navigate the complexities of taxes and empower you to make informed financial choices.
Downtown Toronto
Toronto Tax Consulting (Head Office)
401 Bay Street Suite 1600
Toronto ON M5H 2Y4
Tel: 416-628-7824 Ext.2
Downtown Toronto (Evening & Weekend)
Toronto Tax Consulting
1 Dundas St W Suite 2500
Toronto ON M5G 1Z3
Tel: 647-951-4852 Ext.2
Downtown Toronto
International Tax Advisor Office
161 Bay St. 27th Floor
Toronto ON M5J 2S1
Tel: 1-800-693-5950
Etobicoke, ON
Etobicoke Tax Consulting
3250 Bloor St W Suite 600 East Tower
Etobicoke ON M8X 2X9
Tel: 1-800-717-4162 Ext.2
North York, ON
North York Tax Consulting
4711 Yonge St 10th Floor
Toronto ON M2N 6K8
Tel: 416-628-7824
Mississauga, ON
Mississauga Tax Consulting
4 Robert Speck Parkway Suite 1500
Mississauga ON L4Z 1S1
Tel: 1-888-905-7577
Markham, ON
Markham Tax Consulting
15 Allstate Parkway Suite 600
Markham ON L3R 5B4
Tel: 416-628-7824
New York, NY
Toronto Tax Consulting
100 Park Avenue #1600
New York NY 10017, United States
Tel: 1-800-717-4162
Chicago, IL
Toronto Tax Consulting
30 S Wacker Dr #2200
Chicago IL 60606, United States
Tel: 1-800-717-4162
Washington, DC
Toronto Tax Consulting
1200 G St NW Suite 800
Washington, DC 20005, United States
Tel: 1-800-693-5950
Pasadena, CA
Toronto Tax Consulting
Century Square, 155 N Lake Ave Suite 800
Pasadena, CA 91101, United States
Tel: 1-800-693-5950
Miami , FL
Toronto Tax Consulting
201 South Biscayne Boulevard
Miami, FL 33131, United States
Tel: 1-800-693-5950
London, UK
Toronto Tax Consulting
37 Floor, Canary Wharf, 1 Canada Square
London E14 5AA, United Kingdom
Tel: +44 20 3885 6292
As tax advisors, we are held to a higher standard but if it limits us in our creativity with tax strategies, it’s not a competitive advantage by any means. If, you are worried about CRA auditing or rejecting your tax strategies, don’t come to us. If you want tax compliance to the letter, there are more than enough qualified plain vanilla accountants out there.
The reality in Canada is that tax is the biggest liability in your life. In Canada, this can equate to more than 50% of your hard-earned income. It’s the one liability you will pay till death and in death.
If, this does not stir any anger or passion to do something, don’t bother contacting us. If you are looking at straightforward compliance, we are not the firm for you.
We strive for unique tax strategies that in the long run will save money year over year and help build your net wealth.
We are able to serve in various areas of tax planning some of which are interdependent. Please do give us a call and talk to one of our tax advisors to see if, we are able to help in your situation and are we the right fit for you. We work for our clients, not the Canada Revenue Agency.
Personal Tax Planning (Practice Areas of Tax):
- Income Splitting
- Borrowing to Invest
- Education Trusts
- Tax Saving Strategies
- Investments
- Deductions and Credits
- RESP’s, RDSP’s and TFSA’s
Personal Financial Planning:
- Cash Management and Budgeting
- Investment Planning and Asset Allocation
- Risk Management and Insurance
- Tax Planning
- Retirement Planning
- Estate Planning
Retirement Planning (Practice Areas of Tax):
- Cash Flow Projections
- RRSP Conversion Decisions
- Pension Plan Decisions
Inbound Tax Planning:
- Tax planning for Immigration to Canada
- Tax planning for Returning Canadian Expatriates
- Investment in Canadian Businesses and Real Estate by Nonresidents
- Nonresidents Carrying on Business in Canada
- Canadian Subsidiaries of Foreign Corporations
- Tax Treaty Issues
Outbound Tax Planning:
- Tax Planning for Emigration From Canada
- Post migration Expatriate Issues
- Investment by Canadians in Foreign Businesses and Corporations
- Investments by Canadians in Foreign Real Estate
Corporate Tax Planning (Practice Areas of Tax):
- Corporate Reorganizations
- Incorporation of Unincorporated Businesses
- Minimizing Tax on the Sale of Shares of Corporations by Using the “capital Gains Exemption”
- Minimizing Tax on the Sale of Shares of Corporations by using “Safe Income Strips”
- Utilizing Corporate Tax Losses
- Partnership Formation, Reorganization, and Dissolution
- Optimizing Dividend / Salary Policy
- Maximizing the use of the “Small Business Deduction”
- Rolling over shares to Holding Companies
- Creditor Proofing Reorganizations
- Structuring Shareholder Buy / Sell Agreements
- Advising Foreign Corporations Operating in Canada
- Advising Canadian Corporations Operating Outside of Canada
Estate Planning & Taxes:
- Estate “Freezing” of Private Corporations so that tax on death is minimized
- Reviewing and Advising on wills in order to avoid tax pitfalls and minimize taxes payable on death
- Advising in connection with the formation and terms of family trusts created during the lifetimes of individuals
- Planning aimed at minimizing exposure to probate fees on death
- Planning aimed at minimizing exposure to U.S. estate taxes
- Postmortem Planning Aimed at Avoiding Double Taxation in Connection with Shares of Private Corporations Owned on Death
- Planning Issues Regarding Corporate Owned Life Insurance
- Structuring Shareholder Buy / Sell Agreements
Real Estate & Tax Advice and Planning (Practice Areas of Tax):
- Ownership structures Regarding Acquisition of Real Estate
- Minimizing or Deferring Tax on Real Estate Gains
- Maximizing Utilization of Tax Losses
- Structuring Joint Ventures or Syndication
- Capital Gain Versus Income Determinations
- Principal Residence Issues
- Nonresident Investment in Canadian Real Estate
- Canadian Investment in Foreign Real Estate
- Creditor Proofing Real Estate Holdings
US & Canada Cross-Border Tax Preparation, Planning and Compliance:
- General US and Canada Crossborder Tax Planning
- Relocation and Immigration Planning to Canada from the US or Vice Versa
- Income Tax and Stock Options planning for US Citizens Residing in Canada
- Client Representation with both the US Internal Revenue Service (IRS) & Canada Revenue Agency (CRA)
- Assistance in Meeting Foreign Asset Reporting and Disclosure Requirements
Services for US Citizens and Green Card Holders:
- Assistance in Citizenship Renunciation, Expatriation Consulting and Compliance
- US Tax Planning for Ownership or Beneficial Interests of Non US Corporations, Trust and Partnerships
- US and Canada Cross-border Estate Planning
- US Tax Planning in the Event of Marital Separation
- Certification Applications for the Disposition of Taxable Canadian Property by non-Canadian Residents
- US Tax Planning for Ownership of Canadian Business Interests
US Tax Filing under the New Streamlined Filing Compliance Procedures:
- Introduced on September 1, 2012
- Catch Up Tax Returns Package for Delinquent US Citizens and Green Card Holders
- Eligible for Non-resident US Taxpayers with Low Compliance Risk
- IRS will not Assert Penalties
US Tax Filing under the Offshore Voluntary Disclosure Initiative (OVDI):
- Catch Up Tax Returns Package for Delinquent US Citizens and Green Card Holders
- Liaise Between the Internal Revenue Service and the Taxpayers on the Submission Under the OVDI
Services for Canadian Citizens, Residents and Other Non US Residents:
- US Tax Advice on the Various Ownership Structures in US Real Estate Investment
- US Tax Planning for “Snowbirds” or Future “Snowbirds”