Tax Planning Services

Page summary

Proactive tax planning strategies designed to reduce your tax liability and keep more money in your pocket. We help you plan for success.

• Tax planning isn't something that should only happen at tax time. Effective tax planning is a year-round process that helps you make smart financial decisions aligned with your personal or business goals.
• Reduce your overall tax burden through smart planning
• Make informed financial decisions with tax implications in mind
• Maximize retirement savings through RRSP and TFSA strategies
• Optimize business structure for tax efficiency
• Financial Discovery: We conduct a comprehensive review of your personal and financial situation, understanding your goals, income sources, investments, and major life plans.
• Analysis & Recommendations: We analyze your current tax situation and model different scenarios, showing the tax impact of various decisions and strategies.
• Plan Development: Based on your priorities, we develop a comprehensive tax plan that integrates with your overall financial goals and coordinates with other advisors.
• Implementation & Monitoring: We help you implement the plan, monitor results, and adjust strategies as your situation changes or tax laws evolve.

Related pages

• Personal Tax Returns: Related accounting and tax support.
• Corporate Tax Services: Related accounting and tax support.
• Bookkeeping Services: Related accounting and tax support.
• Real Estate Investors: Industry guidance connected to Tax Planning Services.
• Healthcare Professionals: Industry guidance connected to Tax Planning Services.
• Contact ARMalik: Discuss tax planning services with a Markham CPA.

Common questions

When is the best time to start tax planning?

The best time is now. Tax planning should be ongoing, especially if you have significant income, investments, or major life changes ahead. Starting early in the year allows time to implement strategies before year-end.

How much will tax planning cost?

Tax planning fees vary based on complexity. A basic tax plan for an individual might be $1,500-2,500. Complex business or investment situations could be $3,000-5,000+. We provide a quote after understanding your situation.

Should I incorporate my business?

Incorporating can provide significant tax benefits including income splitting, deferral, and liability protection. However, it also adds complexity and costs. We model both scenarios to show the net benefit for your specific situation.

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