Incorporating your business makes ultimate sense once profits exceed your living requirements by a certain amount, as the surplus, if it remains within the company, is taxed at much more favourable results on corporations (encouraging companies to retain earnings).

However, even then there is still more that can be done to protect those earnings from taxation, or at least minimize the rate at which they are taxed.

Your options are wide and varied and, as your accountant, our role is to clearly describe your options and help you make informed business decisions.

The result will be that you take advantage of all possible options of incorporation and are able, in time, to pass-on your business with minimal fuss to the next generation, or if your goal is to sell, then the strategies selected may be different, but the result the same.

Minimize Your Corporate Income Tax with Tax Partners

Our goal is to help you prepare your corporate tax return. With over 40+ years of working in this area, we have the ability to assist you and identify opportunities for your company to successfully complete your company’s Notice to Reader financial statements.

Our firm is focused on providing value-added services to our private corporate clients. This is particularly true for the tax services provided to our family-controlled businesses. We take a proactive role with our clients to assist them in all aspects of corporate tax preparation, owner remuneration and representations on matters with taxation authorities.

Call today for a free initial, no obligation consultation with our team of accountants so we can help reduce your exposure to income taxes.