Our Clients Rely on Our Tax Team to Provide Guidance and Develop Strategies for Basic and Complex Tax Situations
Our multifaceted tax team has extensive experience in numerous fields of taxation, including corporate taxation of Canadian corporations, taxation of trusts and estates, cross-border tax, commodity tax and personal tax. In today’s global marketplace, tax considerations arise daily and regulations are constantly changing. Our clients rely on our experienced tax team to provide guidance and develop strategies for basic and complex tax situations and to identify tax saving and deferral opportunities in today’s economic environment.
Consultation with a tax expert can provide significant value when conducting a significant transaction, planning for the future or changing your place of residence. Also, in the event of a Canada Revenue Agency audit, our team facilitates the audit process between our clients and the taxation authorities. The stress involved with an audit can be greatly reduced with the assistance of one of our professionals who has extensive experience with tax audits.
Our expertise in tax planning helps our clients optimize their overall tax positions. This can encompass a multitude of matters for corporations, individuals and trusts. Corporations often rely on our team to structure purchase and sale transactions, address complex commodity tax scenarios, file annual corporate income tax returns and respond to notices from taxation authorities. Trusts are often used to facilitate complex transactions, and our clients rely on us to structure these transactions and file trust returns. Individuals residing in both Canada and the United States rely on our tax team for succession and estate plans, personal tax planning and preparation of Canadian and U.S. personal income tax returns.
Each member of our tax team specializes in a different area of taxation, which allows us to provide a full range of taxation services. Our tax team works as a cohesive unit so that all aspects of our client’s business, personal tax situation and family situation are addressed in order to optimize our client’s tax position.
Our cross-border tax group advises Canadian and foreign corporations on international tax matters, including the expansion of Canadian corporations into the U.S. and U.S. corporations operating in Canada. For Canadian corporations expanding into the U.S. or abroad it is essential to plan for the tax consequences in advance of expansion and select the proper entity to operate in the U.S. Our team consults with clients prior to, during and subsequent to expansion into the U.S. to ensure the appropriate tax structures are in place and that the corporation is compliant with tax authorities at both federal and state levels.
Our team works closely with the affiliated Allinial Global association to ensure that foreign corporations that carry on business in Canada employ the appropriate corporate structure to optimize the tax situation on both sides of the border. We also advise non-resident investors and business owners who are impacted by tax regulations in Canada. Our team ensures that foreign entities file the appropriate returns in Canada, including income tax and commodity tax returns, and are in compliance with the appropriate standards with respect to withholding taxes, Canadian reporting requirements, payroll issues, and other matters.
For Canadian corporations and foreign corporations that conduct business across international borders, we also advise on transfer pricing matters to ensure that the corporations adhere to the complex transfer pricing regulations.
The cross-border tax team provides services to Canadian individuals who work or conduct business in the U.S. and conversely U.S. citizens who reside, work, or conduct business in Canada. We also advise on issues associated with immigrating to Canada and emigrating from Canada, and ensure that individuals are in compliance with the appropriate tax authorities as a result of a change in residence.
For American citizens living in Canada, we ensure that, along with their Canadian tax return, their U.S. federal and state returns are filed in compliance with U.S. tax regulations. Our cross-border tax team also provides tax consulting services for individuals in Canada who work or conduct business in the U.S. to ensure that they are in compliance with U.S. federal and state tax laws. We have extensive experience in assisting cross border athletes, entertainers and executives.
The legislation surrounding value-added taxes, such as GST, HST, QST and provincial sales taxes, is often complex and industry-specific. Our commodity tax team consults on unique transactions to ensure that our clients’ businesses are in compliance with the latest regulations and that the company’s tax position is optimized.
Making sense of GST, HST and QST
Due to the inherent complexity of value-added taxes, our commodity tax team often plays an important role in our clients’ major transactions, such as acquisitions, significant sales or purchases, and interprovincial and international transactions.
Estates and trusts are valuable tools for tax planning purposes and facilitate the transfer of wealth between individuals, often family members.
Regulations for estates and trusts
Our tax team is well-versed in the specific regulations unique to estates and trusts, and advises clients in various areas, including:
Reach out to one of our accountants today to see how we can help you.