Personal Tax Preparation in Toronto

We Minimize Your Personal And Corporate Tax Liability And Maximize Your Tax Refund By Using Customized Tax Planning Strategies Relevant To Your Business And Your Tax Situation.

We do personal income tax returns for every situation:

• Employment Income
• Business Income and losses
• Rental Income and losses
• Investment Income
• Capital Gains and losses
• Deceased Tax Returns
• Students and Seniors Returns with special discounts

We also do corporate tax Returns for all kinds of corporations whether its a Canadian Controlled Private corporation or Foreign corporation with business or any other source of income. However, our specialty is to use every possible tax deductions and credits that apply to our clients and use various tax planning strategies to minimize the overall tax liability.

Canadian Controlled Private Corporations (CCPCs) generally qualify for small business deduction of 19% which after combining with federal tax abatement of 10% results in a net federal tax rate of only 9% as long as their taxable income is less than or equal to half a million. For CCPCs with income great than half a million Ish Jindal CPA Professional Corporation Toronto can still qualify them for small business deduction and lower federal tax rate with the correct application of suitable tax planning strategies.

Preparing for your CRA tax needs proper advice and consultation. As a business owner, you have to think about various liabilities to manage the overall finances and save all you can. That’s why we try to minimize your tax liabilities and ensure you save maximum on it. We understand that there can be loopholes in your personal finances which can prevent you from gaining the maximum refunds on your paid taxes.

Some of the tax planning strategies we use are as follows:

• Dividend and salary optimization
• Pension income splitting
• Permissible income splitting
• Setting up of real estate and holding companies
• Section 85 Rollovers
• Estate Freeze