Business - Tax Planning

Being a small business owner presents many opportunities for the implementation of strategies to defer, reduce or eliminate taxes. Effective tax minimization strategies will prevent the wealth created by your business from being eroded by taxation.

While being incorporated creates more opportunities for tax minimization; numerous strategies also exist for unincorporated sole proprietors.

Transitions Wealth Strategies will ensure that your business takes full advantage of all deductions and tax credits. We will also guide you on the implementation of more complicated longer term strategies such as income splitting, the choice to take salary or dividend income, maintaining qualified small business status, estate freezes, effective use of holding companies and trusts, corporate life insurance strategies, the effective use of the capital dividend account (CDA), rollovers, and the utilization of the $750,000 lifetime capital gains exemption.

Effective strategic tax planning will enhance your business wealth to support your retirement lifestyle goals and provide for intergenerational wealth transfer to your heirs. Let us show you the way.

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