Optimizing Opportunities provided by Canada's Tax Laws

Neufeld Legal: Chris@NeufeldLegal.com - 403-400-4092 / 905-616-8864

Financial success doesn't necessarily mean increased taxes. Instead, financial success should be the stimulus for heightened tax planning and improved transactional tax strategies. The Income Tax Act (Canada) provides significant opportunities to improve tax efficiencies (i.e., legitimate means to reduce your tax burden), wherein the prospect of attaining greater wealth should motivate you to retain knowledgeable tax legal counsel(but also the potenial for be subjected to extremely onerous tax liability when done improperly).

Effective tax planning is essential to maximizing business and personal wealth, as it can provide a legitimate means to structure your corporate, family and personal affairs so as to reduce your tax burden. This is achieved through intelligent, transparent tax strategies that are consistent with the Income Tax Act (Canada) [and other pertinent tax laws] and are intended to withstand Revenue Canada scrutiny. This includes the utilization of tax strategies that were specifically designed for corporate tax papers within the Income Tax Act (Canada), including: section 85 rollover, section 85.1 take-over rollover, section 86 reorganization, section 87 amalgamation, and section 51(1) conversion.

Likewise, business transactions (sales, mergers, acquisitions, transfers) and the incidence of taxation that arise from said transactions, demand appropriate tax strategies so as to optimize the financial returns attainable by each of the parties to the transaction. Through the more efficient structuring of a business transaction, significant tax savings can be realized. Many of these tax strategies are also coordinated with business succession planning and estate planning, so as to optimize legitimate wealth transference between generations.

For knowledgeable and experienced tax law representation for transactional tax matters and tax planning, contact tax lawyer Christopher R. Neufeld at Chris@NeufeldLegal.com or call 403-400-4092 (Calgary, Alberta) / 905-616-8864 (Toronto, Ontario).

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