Efficient and effective corporate tax planning is critical for companies of all sizes

Whether a small, closely-held corporation or a large, multi-entity corporate group, each situation is unique to the people and business(es) involved and the strategies employed must be uniquely designed to help achieve the particular goals of the organization.  Corporate tax planning, execution and compliance are important steps in the arc of a business entity over time as it grows and evolves toward meeting its objectives.

Tax planning and management is not an end in itself as much as a tool deployed as part of an overall strategic business plan.  Everything we do from a planning perspective is predicated on servicing and supporting the growth and evolution of a business toward its strategic goals, as defined by its owners and stakeholders.  As such, a clear definition of those goals is the first step in the planning process and a deep dive into those goals is time well spent.  We really enjoy being involved in the goal-setting process as it often includes a thorough look at the business itself, and its people, helping clearly define who both are and what they truly would like to accomplish.

Once a set of goals has been established, we help develop a strategic plan to work toward those goals and tax planning is one part of that plan.  There are often many ways to achieve the compliance required of all entities in Canada, so deploying strategies which enable and help further an organization’s particular direction while maintaining the necessary compliance is the key.  Effective and efficient tax planning does just that, by removing road blocks to growth and success and providing help where possible to work toward an organization’s goals rather than slowing or impeding that growth.  Effective tax planning can be looked at like designing a route for a road through various different terrain.  Mountains and rivers can’t be moved, but there are effective and efficient ways to traverse them as you move toward your destination and good tax planning helps find those paths of least resistance.