Trust taxation is a highly specialized practice that requires long-standing training and experience. With 60+ years of experience, GBA accountants and tax professionals are here to help.
Trusts tend to be used for both tax planning and estate planning opportunities, and for a required filing upon the death of an individual taxpayer.
When trusts are a good solution for our clients, we will work alongside your professional team of lawyers, investment advisors, etc., to ensure accuracy of information and maximum tax savings.
You’ve spent your career building generational wealth through your successful business. You’re now faced with deciding on a successor, an exit strategy, who may or may not want your direct involvement or share your vision. Having a succession plan or an estate plan in place is the only way to ensure an effective and smooth transition of your business and generational wealth. The decisions you make now will affect the future of your business, customers, employees and—most importantly—your family.
We understand that family-owned businesses face unique challenges when developing and implementing a succession and estate plan. Our clients appreciate the knowledge and experience that we bring to developing succession and estate plans.
We work with your family well in advance of the anticipated transition to ensure that tax, communication and industry-specific issues are addressed. We also help you maintain the value of the business and balance family relationships throughout the process.
A loved one passing is a very difficult time for everyone. In addition to the emotional anguish, dealing with the taxation of an individual upon death and the distribution of assets can be extremely complex.
Our team of experts is dedicated to providing compassionate direction through the entire process. We are here to help you better understand your responsibility as an executor, assist with processing the final tax returns, filing the required estate tax returns, and filing for clearance certificates from the CRA, while safely distributing assets among beneficiaries.
Our services include:
Reduce Audit Fee Risk