Legal Services

Tax Planning

Optimize your financial position with strategic tax planning tailored to your personal and business objectives.

Effective tax planning creates opportunities beyond just saving money. Our tax planning services provide individuals and businesses with strategic approaches to manage tax obligations while supporting long-term financial goals.

At Doss Law, we understand that tax considerations impact nearly every aspect of your financial life—they’re about building wealth and securing your future.

Overview

Tax planning encompasses the strategies and structures that help you manage your tax obligations efficiently while maintaining full compliance with Canadian tax regulations. Without proper planning, individuals and businesses often pay more in taxes than legally required, missing opportunities to preserve wealth and support financial goals.

At Doss Law, we help clients navigate the complexities of Canadian tax law with practical experience and forward-thinking approaches. We take the time to understand your unique financial situation, business operations, and long-term objectives before recommending customized tax solutions. Our approach ensures that your tax planning not only addresses current obligations but also supports your future aspirations. With our guidance, you can approach tax matters with confidence, knowing you’re making informed decisions that protect your financial interests.

How We Help

Our team provides comprehensive, personalized guidance through tax planning for both personal and business matters. We help you understand your options, identify potential opportunities, and implement structures that optimize your tax position. With our support, you can approach financial decisions with confidence, knowing the tax implications have been carefully considered.

Common situations include:

  • Planning for significant income or capital gains events
  • Structuring business operations for tax efficiency
  • Implementing estate planning strategies with tax considerations
  • Managing cross-border tax obligations
  • Transitioning wealth between generations
  • Optimizing retirement income streams
  • Structuring investments for tax efficiency
  • Addressing complex tax compliance matters

Protecting Your Legacy

Tax Planning Services

Contact us today to discuss your particular Tax Planning requirements—we’re here to provide the guidance you need.

Keep More of What You Earn

Most people approach taxes reactively – filing returns and hoping for the best. But strategic tax planning throughout the year can save thousands while building long-term wealth.

Personal tax strategy:

  • Income Splitting – Distribute income among family members for lower tax rates
  • RRSP Optimization – Maximize contributions and withdrawal timing
  • Capital Gains Planning – Strategic timing of asset sales and losses
  • Tax Credit Maximization – Ensure you claim all eligible credits

Business tax structure:

  • Corporation setup for optimal tax efficiency

  • Small business deduction strategies

  • Income deferral and bonus timing
  • Research and development tax credits

Estate planning:

  • Minimize taxes on wealth transfer to beneficiaries
  • Trust structures for tax-efficient inheritance
  • Principal residence exemption planning
  • Charitable giving tax strategies

Common Questions, Clear Answers

Frequently Asked Questions

Tax planning involves using legitimate strategies and structures to minimize tax obligations within the boundaries of the law. Tax evasion involves illegal activities to avoid paying taxes. We focus exclusively on ethical, legal approaches to tax efficiency that maintain full compliance with Canadian tax regulations.

Ideally, tax planning should begin well before significant financial decisions are made. Proactive planning provides more options and typically yields better results than reactive approaches. However, it’s never too late to start implementing strategic tax planning for future benefit.

Different business structures—sole proprietorships, partnerships, corporations—have significantly different tax implications. The optimal structure depends on your specific circumstances, income levels, growth plans, and risk factors. We can help you evaluate options and implement the most beneficial structure.

Absolutely. Strategic tax planning is an essential component of effective estate planning. Proper structures and timing can significantly reduce the tax burden on your estate and ensure more assets reach your beneficiaries rather than being paid in taxes.

We recommend reviewing your tax strategy annually and whenever significant life or business changes occur. Changes in tax legislation, personal circumstances, or business conditions may create new opportunities or necessitate adjustments to your existing strategy.

Maintaining comprehensive records of transactions, investments, business activities, and planning decisions is crucial for both compliance and effective planning. We can advise on specific documentation requirements for your situation to ensure you’re well-prepared for any tax authority reviews.

Optimize Your Tax Position

Schedule a consultation and discover how we can help you develop a tax approach that supports your goals.