Tax. We all have to pay it. We all understand why we need to. The vast majority of us are prepared to pay our fair share. But fair is a subjective measure. It certainly isn’t a word that CRA recognises. How do you know that you are paying a ‘fair’ amount for you? How do you have the confidence of knowing that you are legal in your tax affairs but not paying a penny more than you consider to be ‘fair’ or necessary?
Through our ProfitSAFE programme, that’s how. Tax planning isn’t just for the realms of the idle rich or the ‘morally corrupt’, as our politicians and media would have it. Anybody who runs a business, employs staff, has an income or has built up capital, has the opportunity to plan their tax affairs more effectively and more fairly. The key is to plan your affairs in such a way that they reflect your own circumstances, your attitude towards tax and your own needs. You can do this through our ProfitSAFE programme.
Here’s how it works:
- STEP 1: We meet with you and carry out an assessment of your financial picture today and your plans for tomorrow. We look at every area of tax that you currently pay or are liable to pay in the future. We talk about your attitude towards tax. Your view of CRA. Your perception of risk. We want to plan your tax affairs in a manner that leaves you totally at ease.
- STEP 2: Then comes the clever bit. Through our expertise, we will do two things:
- Make recommendations of areas where you can currently save tax. These will be specific actions and options, quantified for you so that you can decide, with our help, on any steps or changes you want to take.
- Continue to monitor your personal and business compliance, every year, in accordance with our understanding of your attitude towards tax so that you and your business remain tax-effective and tax-compliant.
This is not about grand schemes or exotic arrangements, it’s about understanding and using existing Canadian tax legislation properly to minimize your tax bills. The most effective steps to take are often the simplest. You don’t need to be wealthy. You don’t need to antagonise the tax man. You just need to want to cut your exposure to tax.
With planned and monitored tax affairs in place, specifically tailored for you, a large obstacle to your business and personal wealth is removed.