Corporate tax planning allows businesses to stay on track. Preparing for next steps and long-term goals with insights on how tax management planning can help meet objectives.
Why Corporate Tax Planning Matters>
Taking a proactive approach to business tax planning can:
- Improve financial performance
- Reduce taxation rates
- Ensure smoother business transitions
Benefits of Working with SB Partners for Corporate Tax Planning
SB Partners’ Tax Services Group proactively advises businesses on ways to manage federal and provincial income and capital taxes. Regardless of where the business is transacted, we scrutinize your objectives and deliver innovative ways to manage your tax exposure.
We provide professional tax advice for:
- Buying a business or real estate
- Shareholder personal tax planning
- Sale of assets or divesting an operating unit
- Business exit strategies
- Retirement, succession, and estate planning
- Changes in the rules and regulations around taxation
- Implementation of federal budget initiatives
- Tax Minimization options
Have you thought about how tax planning could benefit your business?
Speak to our corporate tax team to understand how tax management planning can support business objectives.
Our Corporate Tax Planning Services:
Corporate Tax Planning: The Basics
Over time, businesses are constantly adjusting to changing market and economic conditions. Our corporate tax planning services offer decision-makers what they need to know to manage their business.
- Buying/selling a business
- Tax consulting
- Corporate reorganizations
Corporate Tax Planning: For Small Businesses
Small businesses face unique tax challenges, from managing cash flow to maximizing deductions. Our corporate tax accountants specialize in helping small business owners structure their taxes efficiently, minimize liabilities, and take advantage of available tax credits.
- Small business tax strategy development
- Deduction and credit optimization
- Compliance with federal and provincial tax laws
Corporate Tax Planning: For New Markets
Growing into new markets requires knowledge and experience. Our team facilitates tax planning across multiple markets.
- Domestic, the U.S. and international expansion
- Emigrating or immigrating with a business
- U.S. Tax Compliance
Corporate Tax Planning: The Government and the CRA
We assist businesses with their CRA and government interactions so they can stay concentrated on their customers.
- Government tax compliance
- Cash extraction planning
- Tax Provision Services
Corporate Tax Planning: For Regulated Professionals
Regulated professionals are subject to compliance rules by governing associations, provincial colleges, and societies. Improve cash-flow and net worth by working with us.
- Create efficient tax structures
- Protect yourself and your family
- Access exemptions
Corporate Tax Planning: For Cross-Border Businesses
SB Partners doesn’t just offer tax compliance services to Canadians doing business in Canada. We have a team of experts who specialize in cross-border business between Canada and the US.
Our Corporate Tax Accountants work in collaboration with a number of US tax compliance specialists so that you maintain one point of contact.
- Corporate U.S. Federal and Local Tax
- U.S. Resident and Non-resident Individual Tax Returns
- U.S. Estate Tax
Corporate Tax Planning FAQ's
Our team has various strategies available for business owners to reduce the taxes payable on cash extracted from their business.
On death, there is a deemed disposition of all assets held by the deceased. The Canadian Income Tax Act allows for a transfer of assets to a spouse and transfer of farm property to family members on a tax-deferred basis. Assets which cannot be transferred to a family member on a tax-deferred basis may be subject to “double taxation”. Our team has various strategies to avoid “double taxation” of assets to be extracted from a family business.
SB Partners works with a variety of businesses from large corporations to SMEs and owner-managed private enterprises. Whether you are starting from scratch or looking for change, our team of industry experts can support you and your business.
Our team of chartered professional accountants (CPAs) works with clients across Southern Ontario, including Burlington, Oakville, Hamilton, Mississauga, Brampton, Guelph, Kitchener, Milton, Cambridge, Grimsby, and St. Catharines.