Tax Planning Services

What are Tax Minimization and Planning Strategies?

Tax planning is a strategy and an understanding of what it will take to pay the least amount of tax, corporate or personal. If you feel you need an advantage and an understanding of how to save taxes for you and your family, then you need a plan, a Tax Plan. Vancouver Island Accountants can help you with your tax planning strategies.

Without a proper tax plan from a qualified, knowledgeable accounting firm, you may miss out on valuable tax savings, or fall into a financial pit because you didn’t have the right professional guidance through your financial journey.

Personal tax plan options:

[Only with professional advice]

  • Use RRSP space to reduce current taxes
  • Income splitting
  • Record and claim medical expenses proficiently
  • Use a spousal plan to split RRSP income
  • Pension splitting with your spouse or common-law partner
  • Cash in RRSP’s early
  • Maximizing of income to tax rate – Tax Health

Corporate tax options:

  • Use of Dividends verses wages
  • Vehicle Allowance calculation
  • Family Trusts
  • Health Benefit program
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