Tax

Your needs are front and centre

You need the peace of mind that your taxes are being done properly and on time. You also want to feel confident that you are taking advantage of every opportunity to minimize your taxes. We provide a full-spectrum of tax services that alleviate your concerns and save you money.

Proactive and strategic approach to minimizing taxes

By keeping current on new tax legislation, we are able to identify key tax planning opportunities that reduce both your current and future tax liabilities. We work with you one-on-one to ensure you comply with the tax authorities and pay the right amount of tax. Our tax services include:

• Corporate
• Personal
• Family Trusts
• Non-Residents of Canada
• Estate Planning

Corporate

Finding the right balance

In addition to filing your required corporate tax returns, we are continually looking for ways to minimize the taxes that you have to pay. Thanks to strategic planning throughout the year, we can help you achieve the right balance between you personally and your business so you pay the least amount of tax.

Saving you money

• Some of the strategies we help you consider include:
• Salary/dividend planning
• Bonus strategies
• Business loss planning
• Maximizing tax credit use
• Tax deferral strategies
• Income splitting with family members

For trusted advice, contact Bruce & Monahan.

Personal

Big picture tax savings advice for business owners

By providing personal tax services for our corporate clients, we are in an excellent position to provide you with tax planning advice and tax minimization strategies that take into full consideration your entire financial situation – both personally and professionally.

Planning is key to minimizing taxes

From filing your income tax to providing tax savings strategies such as RRSPs, medical expenses and donations, our value-add is the emphasis we put on tax planning. We encourage communication throughout the year so we can help you take full advantage of any tax savings that may be available to you.

Get the most out of tax saving opportunities – contact Bruce & Monahan.

Family Trusts

Save tax and create a legacy

As a business owner, there can be a lot of tax advantages to establishing a family trust for tax planning purposes. Whether for income splitting purposes or capital gains exemptions, a family trust allows you to minimize the amount of tax you have to pay – while at the same time creating a legacy.

A tax-saving option to consider

As part of our strategic tax planning, we will analyze your situation and determine whether a family trust is an appropriate option for you to consider. Find out if a family trust is the right choice for you by contacting Bruce & Monahan.

Non-Residents of Canada

Minimizing taxes for non-residents of Canada

As a non-resident of Canada, selling property can be complicated. Tax rules are complex and may have significant implications on the amount of tax you have to pay. We help you by properly managing the steps you must follow with Canada Revenue Agency, as well as providing you with strategies for minimizing the amount of tax you’ll have to pay by selling the real estate.

Let us help you every step of the way – contact Bruce & Monahan.

Estate Planning

Ensuring there is money left for you to give

Effective estate planning ensures your surviving spouse and other beneficiaries receive all that you intend. Planning ahead is crucial, and as such, we work with you closely to get your financial affairs in order so that the tax component of your estate is reduced or eliminated altogether and your wealth is preserved.

Guiding you every step of the way

Getting your financial affairs in order can be a complex process. We are here to listen to your wishes, and advise you on the best way to make those wishes a reality. We help you:

• Review your will
• Select an executor
• Review legal title of assets
• Assess your life insurance

Ensure your wishes materialize – contact Bruce & Monahan.