Tax Planning Services
Strategic tax planning that minimizes your tax burden — legally and effectively. We help you keep more of what you earn.
Proactive Tax Strategy for Business Owners
Most business owners pay more tax than they need to. Not because they're doing anything wrong — but because they're not planning ahead. They file their return, pay the bill, and move on.
Tax planning changes that. Instead of reacting to last year's taxes, we work with you throughout the year to implement strategies that reduce your tax burden — before the tax year ends.
Ontario Tax Team's CPA-led tax planning helps business owners across Oakville, Mississauga, Burlington, and Milton make smarter decisions about incorporation, compensation, investments, and succession.
Why Tax Planning Matters
- Pay less tax — legally
- Keep more of what you earn
- Maximize your retirement savings
- Protect your wealth for the next generation
- Make smarter financial decisions
- Avoid costly CRA surprises
Tax Planning Strategies We Implement
Incorporation Planning
Should you incorporate? We analyze your income, expenses, and goals to determine if incorporating will save you money — and handle the transition if it does.
Dividend vs Salary Optimization
The right mix of dividends and salary can save thousands in taxes. We model different scenarios to find your optimal compensation structure.
Lifetime Capital Gains Exemption (LCGE)
Planning to sell your business? CCPC shareholders can exempt up to $1.016M (2024) in capital gains. We help you structure the sale to maximize this exemption.
Income Splitting Strategies
Strategic use of family trusts, prescribed rate loans, and reasonable salary to family members can significantly reduce your family's overall tax burden.
Estate & Succession Planning
From estate freezes to orderly business succession, we work with your legal advisors to ensure wealth transfers happen tax-efficiently.
Corporate Tax Minimization
We ensure you're maximizing the small business deduction, SR&ED credits, and other corporate tax incentives you may be missing.
Tax Planning in Action
Case Study: Contractor Incorporation
A Mississauga-based IT contractor earning $180,000/year was paying ~$55,000 in personal income tax. After working with our team:
- Incorporated as a CCPC
- Optimized salary vs. dividend mix
- Implemented corporate investing strategy
Result: $18,000/year in tax savings
Our Tax Planning Process
Discovery
We review your current tax situation, income sources, and financial goals.
Analysis
Our CPA models different scenarios to identify tax-saving opportunities.
Strategy
We present a clear plan with specific recommendations and projected savings.
Implementation
We execute the strategy and adjust throughout the year as needed.
Frequently Asked Questions
Ready to Take Control of Your Finances?
Book a free 15-minute consultation and let's talk about how we can help your business thrive.