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Advisory

Since opening my firm in 2005, I’ve worked regularly with family-owned small businesses with the goal of offering practical and cost-efficient solutions to questions they’ve asked, such as:

How do I choose the right ownership structure?

  • What ownership structure is best for my type of business in Canada and international settings? Some options: unincorporated business, incorporation, partnership, limited partnership, joint arrangements, prête-nom corporation, unlimited liability corporation, etc

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  • How should I deal with operations in multiple jurisdictions? Which structure provides the best         tax-efficiencies?

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  • Should I incorporate or not? If so, when should I incorporate?

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  • What are the international issues I need to consider if I intend to operate or own properties in foreign jurisdictions?

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  • What is an appropriate share structure?

How do I plan the succession of my business?

  • How do I maximize the value of my family business as it passes through the different stages of its life cycle: start-up, growth, maturity, and, finally, succession, sale, or bankruptcy?

 

  • What decisions should I make about shareholder remuneration from a tax planning point-of-view?

 

  • How will I carry out the necessary financial planning, budgeting, and forecasting?

 

  • How do I get a business valuation or set up a corporate reorganization?

 

  • When is it most advantageous to implement the following processes:​

    • Estate freezes

    • Restructuring of asset profiles

    • Estate planning and the creation of trusts

    • Tax planning for death

    • Post-mortem planning

How do I compensate from a corporation?

  • How do I decide between salary or dividends?

 

  • What are the integration considerations in the decision making, such as active business Income, passive income, capital gains, capital dividends ?

 

  • What are the considerations in regards to income splitting  with family members?

How do I deal with consumption taxes?

  • How do I set up processes to comply with the requirements of the Goods and Services Tax (GST) and Quebec Sales Tax (QST)?

 

  • How and when should I charge value-added taxes if I operate in different jurisdictions?

 

  • If my business is a non-resident corporation, what are my obligations regarding value-added taxes in Canada?

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