tax planning

Tax Planning

We can structure your company, business transaction or personal affairs to result in less tax

By choosing the right entity and structuring the transaction in a certain way depending on the situation taxpayers may to some degree control their tax costs.

We advise on structures and strategies to minimize tax costs of financings, acquisitions, sales, distributions of profits and assets, changes of residency and many other situations.  

You can find additional information on our blog.

We save money for our clients by minimizing their tax burden by:

Contact our firm for a free, 30-minute consultation. Call our legal team at 604-669-6580 .

1. What is tax planning?

Tax planning involves structuring your affairs to minimize tax liabilities while complying with tax laws.

2. How can tax planning help reduce my tax burden?

By choosing the right entity, right structure of transactions, to be able to use available tax mechanisms, tax planning can help reduce your tax burden.

3. What are some common tax planning strategies?

Strategies include corporate reorganizations, estate freezes, transferring real property into a different ownership structure, using trusts.

4. How does residency affect tax planning?

Residency determines your tax obligations. Planning around residency changes can optimize tax outcomes when leaving or returning to Canada.

5. What is the importance of corporate reorganization in tax planning?

Corporate reorganization can defer taxes and optimize the tax structure of your business.

6. Can tax planning help with estate planning?

Yes, tax planning can integrate with estate planning to minimize taxes on asset transfers and ensure efficient wealth distribution.

7. How can Granville Law Group assist with tax disputes?

They provide legal assistance in resolving CRA disputes, ensuring compliance and minimizing penalties.

8. What role does real estate play in tax planning?

Structuring real estate transactions can help avoid property transfer taxes (PTT) and optimize tax outcomes.

9. Why is it important to review tax strategies regularly?

Tax laws and personal circumstances change; regular reviews ensure your strategies remain effective and compliant.

10. What should I consider when choosing a tax planning advisor?

Look for expertise, experience in complex tax matters, and a proactive approach to identifying opportunities and mitigating risks.