Tax Preparation and Planning
Quality tax preparation and tax planning is an integral part of your financial life,
that’s why we integrate tax preparation and tax planning into the services we provide to our valued customers.
The primary purpose of tax preparation services is to complete and file the necessary forms for you during tax season to comply with federal and provincial laws correctly and in a timely manner. You may get tax refund or pay tax due to CRA. Besides, by filing tax return, you will get other benefits such as government benefits, acuminating RRSP /TFSA / FHSA room, etc.
Our Tax Preparation Services Include:
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Personal Tax Return T1
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Self-Employed Tax Return T2125
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Rental Property T776
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Foreign Assets and Income Declaration T1135
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Non-resident Tax Return E.216 / E.217
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Underused Housing Tax UHT-2900
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Corporate Tax Return T2
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Trust Tax Return T3
Tax preparation is generally reactive, as it focuses on the impact of actions that occurred in the prior year. Tax planning requires a proactive approach and takes a long-term, forward-looking view to uncover strategies and opportunities that can influence future tax liabilities. For families and business owners, managing tax liabilities is not just about compliance; it’s about optimizing your financial resources.
At Wisdom Wealth, we go beyond tax preparation in favor of tax planning. Our financial planners, in strategic partnership with top tax accountants and tax lawyers, are working together to achieve tax efficiency and keep more of your hard-earned income for you and your family.
Our Tax Planning Services and strategies Include:
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Personal and Family Tax Planning
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Tax Deferral (RRSP, RESP, corporation, etc.)
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Income Splitting
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Tax -Favoured Saving Plans
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Tax-efficient Investing
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Real Estate Tax Planning
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Tax planning for Charitable Donations /gifting
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Small Business Tax Planning
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Estate Tax Planning
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Trust and beneficiary tax planning
