Disclaimers

Today’s tax laws are complicated and ever changing. Our tax professionals monitor the changes in the tax law and recommend tax saving strategies accordingly. Even the use of personal computer software is no substitute for the knowledge and assistance of a seasoned tax accountant. Planning is the key component in any effective tax minimization strategy. While year-end planning is important, many tax saving opportunities are often overlooked because they require implementation early in the year. There are a number of tax planning strategies and most plans involve the combination of one or more of them. Some basic strategies are: Income splitting among family members Shifting income from one tax year to another Deferring tax liability through certain investment choices and through registered plans such as RESPs and RRSPs Contributing to RRSPs and doing it early in the year Maximizing the use of non-taxable employee benefits Structuring your affairs to make interest expense tax deductible Investing your money to produce income or gains that is taxed at a more favorable rate. Our professional accountants and financial planners will review tax planning opportunities with you and proactively plan financial transactions to minimize current and future tax liabilities.