TAX SERVICES

Let our proactive experts transform 

your tax burden into savings

TAX SERVICES

Let our proactive experts transform your tax burden into savings

For Business

Our team specializes in helping corporations, partnerships and sole proprietorships of all shapes and sizes, lawfully minimize tax liability through sound financial planning techniques.

For Individuals

Our team can help you plan for retirement, maximize your wealth, and minimize your taxes. Join thousands of individuals who we have helped achieve financial freedom.

For Trusts

Our team competently and compassionately works with trust structures for both tax planning, estate planning and filing as required upon the death of an individual taxpayer.

TAX MINIMIZATION SERVICES FOR

Business

Did you know that 92% of business owners overpay in taxes? The practice of tax minimization is the lawful minimization of tax liability through sound financial planning techniques. This is the process of ensuring all available tax deductions, structural planning, and transactional timing are planned out and executed.

Income Tax Planning

A proactive review of your business's tax position to ensure any current or future income tax issues or concerns are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis with clients based on their current year results and the expected tax outcome of such results, and review of business structures to ensure that the most tax efficient structure is in place.

Income Splitting

Income splitting is a tax planning strategy whereby one taxpayer transfers a portion of their own income to another taxpayer who is taxed at a lower rate. There are various income splitting techniques, and we work closely with our clients to ensure available income splitting opportunities are utilized.

Asset Protection

Not only do we ensure that our clients are structured correctly for tax, but we make sure that business assets and personal assets are protected through proper planning and structuring. We offer Corporate reorganization, which is the process of planning for, and executing, the change in a business's corporate structure to generate a number of favourable outcomes, including, but not limited to, a more efficient tax position, to accomplish a transfer of ownership in a tax efficient manager, and to facilitate succession plan transition. Our team of tax experts work proactively to assess corporate structures to determine whether the cost/benefit of implementing such a change will result in more beneficial outcomes.

Owner Manager Compensation

As a business owner, you have many different options for being compensated. Not only do you need to determine which method is best for your unique needs, but it is imperative that your compensation plans be assessed for any change in circumstance and updated to address changes in legislation. We will work closely with you to ensure that remuneration is set up to generate the most available after-tax cash in your pocket. On an annual basis we review the compensation plans to ensure we continually take advantage of the best compensation plan available for the business owner’s unique circumstance.

A proactive review of your business's tax position to ensure any current or future income tax issues or concerns are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis with clients based on their current year results and the expected tax outcome of such results, and review of business structures to ensure that the most tax efficient structure is in place.

Income splitting is a tax planning strategy whereby one taxpayer transfers a portion of their own income to another taxpayer who is taxed at a lower rate. There are various income splitting techniques, and we work closely with our clients to ensure available income splitting opportunities are utilized.

Not only do we ensure that our clients are structured correctly for tax, but we make sure that business assets and personal assets are protected through proper planning and structuring. We offer Corporate reorganization, which is the process of planning for, and executing, the change in a business's corporate structure to generate a number of favourable outcomes, including, but not limited to, a more efficient tax position, to accomplish a transfer of ownership in a tax efficient manager, and to facilitate succession plan transition. Our team of tax experts work proactively to assess corporate structures to determine whether the cost/benefit of implementing such a change will result in more beneficial outcomes.

As a business owner, you have many different options for being compensated. Not only do you need to determine which method is best for your unique needs, but it is imperative that your compensation plans be assessed for any change in circumstance and updated to address changes in legislation. We will work closely with you to ensure that remuneration is set up to generate the most available after-tax cash in your pocket. On an annual basis we review the compensation plans to ensure we continually take advantage of the best compensation plan available for the business owner’s unique circumstance.

TAX MINIMIZATION SERVICES FOR

Individuals

As an individual you have many questions related to how to properly plan for retirement, how to maximize your wealth, and how to minimize your taxes. At Gauvreau & Associates we work with thousands of individuals in helping them achieve their financial freedom.

Personal Tax Filing

In Canada, an individual tax payer is required to file income taxes by April 30th (June 15th if the taxpayer or their spouse is self-employed) if there are any taxes owing on that date. At Gauvreau & Associates we assist over 1,200 individuals with their personal tax filing requirements on an annual basis. At the beginning of the tax season we provide our clients with an income tax checklist so as to ensure all information required to be included in the tax filing is done so, and that any available deductions are fully utilized.

Income Tax Planning

A proactive review of your personal tax position to ensure any current or future income tax issues are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis based on your current year results and the expected tax outcome of such results to ensure that the most tax efficient structure is in place.

Financial Retirement

The objective of financial retirement planning is to ensure that you have the available funds and assets available that should you choose to retire that you will have no financial stress at that time. At Gauvreau & Associates we will work with you to ensure that you take the necessary steps to realize your financial freedom and have the necessary financial assets available to enjoy your life in retirement.

Estate Planning

It is never too early to begin planning for the efficient transition of wealth from one generation to the next. A proactive estate plan ensures that wealth reaches your loved ones and are properly dispersed according to your wishes. Our team of tax professionals help individuals with diverse portfolios and assets determine the best plan to allocate wealth to your beneficiaries and will work with you to ensure that the legacy you leave behind is what you desired.

TAX MINIMIZATION SERVICES FOR

Individuals

As an individual you have many questions related to how to properly plan for retirement, how to maximize your wealth, and how to minimize your taxes. At Gauvreau & Associates we work with thousands of individuals in helping them achieve their financial freedom.

In Canada, an individual tax payer is required to file income taxes by April 30th (June 15th if the taxpayer or their spouse is self-employed) if there are any taxes owing on that date. At Gauvreau & Associates we assist over 1,200 individuals with their personal tax filing requirements on an annual basis. At the beginning of the tax season we provide our clients with an income tax checklist so as to ensure all information required to be included in the tax filing is done so, and that any available deductions are fully utilized.

A proactive review of your personal tax position to ensure any current or future income tax issues are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis based on your current year results and the expected tax outcome of such results to ensure that the most tax efficient structure is in place.

The objective of financial retirement planning is to ensure that you have the available funds and assets available that should you choose to retire that you will have no financial stress at that time. At Gauvreau & Associates we will work with you to ensure that you take the necessary steps to realize your financial freedom and have the necessary financial assets available to enjoy your life in retirement.

It is never too early to begin planning for the efficient transition of wealth from one generation to the next. A proactive estate plan ensures that wealth reaches your loved ones and are properly dispersed according to your wishes. Our team of tax professionals help individuals with diverse portfolios and assets determine the best plan to allocate wealth to your beneficiaries and will work with you to ensure that the legacy you leave behind is what you desired.

TAX SERVICES FOR TRUSTS

Tax Minimization

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or multiple beneficiaries. We frequently use trust structures for both tax planning opportunities and estate planning opportunities as well as for a required filing upon the death of an individual taxpayer.

Analysis & Setup

As a part of the tax planning process our team focuses on utilizing all structures available to ensure our clients minimize their tax exposure. In some instances, this will involve the use of a trust where income can most efficiently be allocated amongst beneficiaries. Should the use of a trust become a good solution for our clients, we will work with their professional team to ensure that the appropriate characteristics are included in the trust to ensure the maximum tax savings.

Tax Planning

A proactive review of an estate's tax position to ensure any current or future income tax issues are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis based on the current year results and the expected tax outcome of such results, and review of the existing structure to ensure that the most tax efficient structure is in place at all times.

Estate Tax Filing

A loved one passing is a very difficult time for everyone. In additional to the emotional anguish, there are significant complexities when it comes to dealing with the taxation of an individual upon death, as well as the probate of the assets of the estate and the eventual distribution of assets to beneficiaries identified in the will and final testament. Our team will assist the executors and their legal representatives with the processing of the final taxes, filing of the required estate tax returns, and filing for clearance certificates, while at the same time compassionately providing clarity and direction through the entire process.

As a part of the tax planning process our team focuses on utilizing all structures available to ensure our clients minimize their tax exposure. In some instances, this will involve the use of a trust where income can most efficiently be allocated amongst beneficiaries. Should the use of a trust become a good solution for our clients, we will work with their professional team to ensure that the appropriate characteristics are included in the trust to ensure the maximum tax savings.

A proactive review of an estate's tax position to ensure any current or future income tax issues are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis based on the current year results and the expected tax outcome of such results, and review of the existing structure to ensure that the most tax efficient structure is in place at all times.

A loved one passing is a very difficult time for everyone. In additional to the emotional anguish, there are significant complexities when it comes to dealing with the taxation of an individual upon death, as well as the probate of the assets of the estate and the eventual distribution of assets to beneficiaries identified in the will and final testament. Our team will assist the executors and their legal representatives with the processing of the final taxes, filing of the required estate tax returns, and filing for clearance certificates, while at the same time compassionately providing clarity and direction through the entire process.

CONTACT US

Don’t let tax slip ups sideline your plans.

Start saving tax dollars today.

CONTACT US

Don’t let tax slip ups sideline your plans. Start saving tax dollars today.