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
-
How should I deal with operations in multiple jurisdictions? Which structure provides the best tax-efficiencies?
-
Should I incorporate or not? If so, when should I incorporate?
-
What are the international issues I need to consider if I intend to operate or own properties in foreign jurisdictions?
-
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?