Safe Income and Section 55(2)

The movement of dividends from a subsidiary corporation to its parent within the Canadian corporate structure often carries the assumption of being tax-free. This presumption, while grounded in the provisions of subsections 112(1) and 84(3) of the Income Tax Act (ITA), encounters complexities under the vigilant gaze of Section 55. This particular section of the ITA is designed to curb the abusive practices of tax avoidance, specifically targeting the transformation of taxable capital gains into tax-free intercorporate dividends under the guise of safe income. However, the practical application and interpretation of these legislative provisions have historically set the Canada Revenue Agency (CRA) and the tax community at odds, especially in the light of judicial decisions and evolving CRA policies, such as those seen in the aftermath of the Kruco case.

Section 55, with its intricate provisions and the significant risks it poses to the taxation of corporate reorganizations, demands careful attention. The CRA’s shifting stance on the deduction of non-deductible expenses when computing safe income has added layers of complexity to what constitutes permissible tax-free intercorporate dividend transactions. This evolving interpretation, particularly in the wake of the Kruco case, challenges the tax community to scrutinize the adjustments specified in paragraphs 55(5)(b) and (c), alongside the Federal Court of Appeal (FCA) obiter dicta, which form the basis of the CRA’s revised policy.

This blog seeks to dissect the CRA’s contentious position on the required deduction of non-deductible expenses in computing safe income attributable to the shares on which intercompany dividends are paid. We argue that this position, often perceived as taken out of context and not wholly supported by legislation or judicial precedent, necessitates a deeper statutory understanding of the ITA. Moreover, appreciating the objective, spirit, and purpose of the relevant provisions, including a thorough review of pre-Kruco cases, becomes essential in understanding and navigating the complex terrain of intercorporate dividends within Canadian tax law.

Safe Income and Dividends

For family-owned enterprises in Canada, navigating the tax implications of intercorporate dividends, share redemptions, and the accumulation of safe income is critical for tax efficiency and compliance. This blog post has provided an in-depth analysis of the relevant sections of the Income Tax Act (ITA) and their practical applications, including the strategic considerations necessary for effective tax planning.

Key Sections of the ITA

Subsection 112(1) – Deduction of Taxable Dividends: Allows corporations to deduct dividends received from other Canadian corporations, preventing double taxation of income at the corporate level. This provision supports the tax-efficient flow of dividends within corporate groups.

Subsection 84(3) – Deemed Dividend on Share Redemption: Addresses the tax treatment of excess amounts paid on share redemptions, treating them as deemed dividends. This ensures that distributions to shareholders beyond their invested capital are appropriately taxed.

Part IV Tax – Refundable Tax on Portfolio Dividends: Imposes a refundable tax on dividends received by private corporations from portfolio investments, designed to prevent tax deferral advantages. This tax is recovered when dividends are distributed to the corporation’s shareholders.

Section 55 – Anti-avoidance Rules

Section 55 plays a pivotal role in preventing the conversion of taxable capital gains into tax-free intercorporate dividends. It includes tests for both the purpose and the results of dividend distributions and share redemptions, ensuring that transactions do not circumvent the intended tax treatment of capital gains. The operation of this section requires careful consideration of safe income, which represents the after-tax earnings that can be distributed without recharacterizing dividends into taxable capital gains.

Safe Income Considerations

Safe Income Calculation: Involves determining the after-tax earnings retained within a corporation that are responsible for the appreciation in share value. This calculation is crucial for planning tax-efficient dividend distributions and corporate reorganizations.

Robertson’s Rules and Non-deductible Expenses: These guidelines provide insight into the treatment of non-deductible expenses in the context of safe income calculations. Understanding how to adjust taxable income for these expenses is vital for accurate safe income computation.

Expert Guidance

Navigating the complex landscape of Canadian tax law requires a deep understanding of these provisions and their strategic implications for family-owned enterprises. Effective tax planning involves not only compliance with current regulations but also proactive strategies to optimize tax outcomes.

For family-owned enterprises seeking to navigate these complexities, partnering with experienced tax professionals, such as Shajani LLP, can provide invaluable insights and guidance. Our expertise in corporate taxation and dedication to understanding the unique needs of family-owned businesses make us equipped to assist in achieving tax efficiency while fulfilling your business and family goals.

Understanding the intricacies of subsections 112(1), 84(3), Part IV tax, Section 55, and the calculation of safe income is essential for effective tax planning. With the right expert guidance, family-owned enterprises can navigate these challenges, ensuring compliance and optimizing their tax positions.

 

Navigating Section 112(1) and 84(3) of the Income Tax Act

In the realm of Canadian corporate taxation, understanding the nuances of intercorporate dividends is crucial for family-owned enterprises. Two key provisions of the Income Tax Act (ITA) that govern these transactions are subsection 112(1) and section 84(3). These sections offer mechanisms to mitigate the double taxation of dividends but navigating them requires careful consideration to ensure tax efficiency and compliance.

Subsection 112(1) – Deduction of Taxable Dividends

Subsection 112(1) of the ITA allows a Canadian-resident corporation to deduct the amount of taxable dividends received from another taxable Canadian corporation or a controlled foreign affiliate, from its income. This provision is designed to prevent the double taxation of income that has already been taxed at the corporate level. For example, when a subsidiary corporation distributes profits to its parent corporation in the form of dividends, those dividends can, under certain conditions, be received without additional tax liability at the parent corporation level.

To navigate subsection 112(1) effectively, it’s important to understand its eligibility criteria and limitations. The deduction is only available if the dividend is received from a taxable Canadian corporation or certain foreign affiliates, highlighting the importance of the corporate structure and the residency of entities involved in the distribution of dividends.

Section 84(3) – Deemed Dividend on Share Redemption

Section 84(3) addresses the tax implications of a corporation redeeming, acquiring, or canceling its shares. Specifically, it deems the excess amount paid over the paid-up capital of the shares to be a dividend for tax purposes. This provision ensures that amounts returned to shareholders above their investment in the shares are treated as dividends, subject to tax in the hands of the shareholder, mirroring the tax treatment of traditional dividend payments.

Navigating this provision requires careful planning, especially in the context of corporate reorganizations or estate planning. It’s critical to assess the impact of share redemptions on the tax position of both the corporation and its shareholders, considering the implications for the paid-up capital and potential deemed dividend treatment.

The Interplay Between Subsection 112(1) and Section 84(3)

The interplay between subsection 112(1) and section 84(3) highlights the complexity of tax planning for intercorporate dividends. While subsection 112(1) provides a pathway for tax-efficient dividend distributions between corporations, section 84(3) serves as a safeguard, ensuring that distributions in the guise of share redemptions are taxed appropriately.

For family-owned enterprises, the strategic use of these provisions can facilitate tax-efficient wealth transfer and corporate restructuring. However, this requires a comprehensive understanding of the ITA, as well as careful consideration of the corporate and family objectives. Missteps can lead to unintended tax consequences, underscoring the importance of seeking expert tax advice.

Navigating subsection 112(1) and section 84(3) of the ITA is a critical aspect of tax planning for family-owned enterprises in Canada. These provisions offer valuable opportunities for tax efficiency but come with complexities that demand careful consideration and expertise. As a trusted advisor to Canadian families and their enterprises, my commitment is to guide you through these intricate tax landscapes, ensuring your ambitions are achieved with strategic foresight and compliance.

Understanding Anti-avoidance Rules and Section 55

The Income Tax Act (ITA) of Canada contains various provisions aimed at preventing tax avoidance. Among these, Section 55 stands out as a crucial anti-avoidance rule that directly impacts family-owned enterprises, particularly in the context of intercorporate dividends. This section is designed to thwart attempts to convert what would otherwise be taxable capital gains into tax-free intercorporate dividends. Understanding and navigating Section 55 is essential for ensuring that corporate reorganizations and dividend distributions do not inadvertently trigger adverse tax consequences.

Purpose of Section 55

The primary objective of Section 55 is to prevent the erosion of the tax base through the conversion of taxable capital gains into tax-free dividends within corporate groups. This section applies to situations where dividends are paid between corporations and seek to ensure that such payments do not circumvent the intended tax treatment of capital gains. Specifically, it targets scenarios where dividends could be used to extract the appreciated value of corporate shares without paying the appropriate taxes on capital gains.

The Scope of Application

Section 55 is notably broad in its application, affecting not only direct distributions of dividends but also certain transactions that might be construed as attempts to distribute value between corporations in a manner that avoids capital gains tax. This includes dividends paid out in the course of corporate reorganizations, amalgamations, and certain share redemptions that are deemed to be dividends under other sections of the ITA.

Safe Income and Its Significance

A key concept within Section 55 is “safe income.” Safe income refers to the earnings of a corporation that have been taxed and can be distributed as a dividend without converting a capital gain into a dividend. The distinction between safe income and other forms of income is critical in determining whether Section 55 applies to a particular dividend payment. Properly calculating safe income is a complex process that requires an understanding of the corporation’s financial history, tax payments, and the specific adjustments required by the ITA.

Navigating Section 55: Challenges and Considerations

The application of Section 55 and the calculation of safe income are fraught with challenges. The Canada Revenue Agency (CRA) has issued interpretations and policies regarding Section 55, but these have evolved over time, sometimes leading to uncertainty and contention. Furthermore, judicial decisions have shaped the understanding and application of Section 55, adding another layer of complexity to its interpretation.

Tax practitioners and corporate advisors must be vigilant in their application of Section 55, considering both the letter of the law and the spirit of the anti-avoidance provisions. This involves a detailed analysis of each corporate transaction, the purpose behind dividend distributions, and the extent to which safe income is available for distribution without triggering unintended tax consequences.

Strategic Considerations for Family-Owned Enterprises

For family-owned enterprises in Canada, navigating the anti-avoidance rules and specifically Section 55 requires strategic planning and foresight. Decisions about dividend distributions, corporate reorganizations, and intercorporate transfers must be made with a clear understanding of the potential tax implications. This necessitates a proactive approach to tax planning, including regular reviews of corporate structures and dividend policies in light of current tax law and CRA policies.

Section 55 of the ITA is a critical provision for family-owned enterprises, embodying the delicate balance between legitimate tax planning and the prevention of tax avoidance. Understanding and applying Section 55 correctly is paramount in ensuring that corporate transactions are both tax-efficient and compliant with Canadian tax laws. As a tax expert specializing in serving family-owned enterprises, I am dedicated to guiding you through these complex regulations, ensuring that your corporate strategies align with your long-term ambitions while adhering to the highest standards of tax compliance.

 

The Kruco Case and Its Impact on Safe Income Calculations

In the landscape of Canadian corporate tax law, the Kruco case represents a pivotal moment that significantly influenced the interpretation and application of safe income calculations under Section 55 of the Income Tax Act (ITA). This case shed light on the complexities inherent in determining the amount of safe income that can be attributed to the shares of a corporation, thereby impacting how intercorporate dividends are treated for tax purposes. Understanding the Kruco case and its aftermath is essential for tax professionals advising family-owned enterprises in navigating the nuanced terrain of corporate reorganizations and dividend distributions.

Overview of the Kruco Case

The Kruco case involved a dispute between a corporation and the Canada Revenue Agency (CRA) regarding the calculation of safe income on hand and the application of anti-avoidance rules under Section 55. The heart of the issue was the CRA’s interpretation of what constitutes safe income and how non-deductible expenses should be treated in its calculation. The case brought to the forefront questions about the methodology for determining safe income, specifically regarding the inclusion or exclusion of certain expenses and the overall approach to calculating this critical figure.

Implications for Safe Income Calculations

The Kruco case’s outcome highlighted the importance of clarity and precision in calculating safe income, underscoring the need for a well-defined methodology that aligns with the legislative intent of Section 55. The CRA’s stance on deducting non-deductible expenses when computing safe income was particularly scrutinized. This stance signified a shift in policy and interpretation, emphasizing the agency’s view that only income that has been subject to tax and is available for distribution should be considered safe.

The case also illuminated the broader implications for corporate tax planning, especially regarding the structuring of intercorporate dividends and the planning for corporate reorganizations. Tax professionals and corporations must now exercise increased diligence in documenting and calculating safe income, ensuring that their methodologies can withstand scrutiny and align with the CRA’s guidelines post-Kruco.

Navigating Post-Kruco Tax Planning

In the aftermath of the Kruco case, tax advisors and family-owned enterprises must adopt a cautious and informed approach to tax planning. This involves a thorough analysis of corporate earnings, a meticulous calculation of safe income, and an understanding of the CRA’s current interpretations and policies. The case serves as a reminder of the importance of maintaining detailed records and supporting documentation for safe income calculations and the need to stay abreast of evolving tax laws and CRA policies.

Strategic considerations now include assessing the impact of non-deductible expenses on safe income calculations and understanding the potential tax implications of intercorporate dividend distributions. Tax planning strategies may need to be revised to ensure compliance with the clarified interpretations of Section 55, emphasizing the need for proactive and knowledgeable tax guidance.

The Lasting Impact of Kruco

The Kruco case has had a lasting impact on the practice of tax law in Canada, particularly in the realm of corporate taxation and the calculation of safe income. It has compelled tax advisors and corporations to reevaluate their approaches to documenting and calculating safe income, ensuring that their practices are in line with current interpretations and expectations. For family-owned enterprises, the case underscores the critical importance of skilled tax guidance and the value of strategic tax planning that navigates the complexities of the ITA with precision and foresight.

As tax experts specializing in serving family-owned enterprises, our role is to navigate these complexities, offering strategic advice that aligns with both the letter and spirit of the law. The Kruco case serves as a critical learning opportunity, reinforcing the necessity of meticulous tax planning and the importance of adapting to the evolving tax landscape. Our commitment is to guide our clients through these challenges, ensuring their tax positions are both optimized and compliant, reflecting the nuanced understanding required in the post-Kruco era.

 

Comprehensive Guide to Safe Income and Tax Strategies

For Canadian family-owned enterprises, understanding and leveraging the concept of safe income is crucial to executing tax-efficient strategies, especially in the context of intercorporate dividends and corporate reorganizations. This comprehensive guide aims to demystify safe income, providing a strategic framework for navigating its complexities while optimizing tax outcomes in accordance with the Income Tax Act (ITA).

Understanding Safe Income

Safe income refers to the earnings generated by a corporation after taxes, which are retained within the corporation and can contribute to the increased value of shares. Crucially, it represents the portion of income that can be distributed as a dividend without triggering adverse tax consequences under the anti-avoidance rules, specifically Section 55 of the ITA. Accurate calculation of safe income is paramount, as it influences the tax treatment of dividends and plays a vital role in planning for corporate distributions and reorganizations.

Calculating Safe Income: Key Considerations

The process of calculating safe income involves several critical steps and considerations. Firstly, it’s essential to identify and segregate the income that has been subject to corporate tax from that which has not. This distinction is fundamental, as only taxed income is considered “safe” for distribution without altering its character from a tax perspective.

Secondly, adjustments must be made for any non-deductible expenses, capital losses, and other relevant items that affect the corporation’s accumulated earnings. The goal is to arrive at a figure that accurately reflects the income available for distribution, ensuring compliance with the ITA and minimizing the risk of recharacterization of dividends into taxable capital gains.

Strategic Tax Planning with Safe Income

Once safe income is accurately calculated, strategic tax planning can commence. This involves considering the timing and manner of dividend distributions, corporate reorganizations, and other transactions to optimize the tax position of both the corporation and its shareholders. For family-owned enterprises, these strategies are not only about minimizing tax liabilities but also about facilitating wealth transfer, succession planning, and the preservation of family wealth across generations.

1. Timing of Dividend Distributions: Aligning the distribution of dividends with the accumulation of safe income can significantly impact the tax efficiency of these transactions. By ensuring that dividends are distributed from safe income, corporations can avoid unintended tax consequences.
2. Corporate Reorganizations: Safe income calculations play a crucial role in planning corporate reorganizations, such as amalgamations, wind-ups, and butterfly transactions. Understanding the safe income attributable to the shares involved in these transactions helps in structuring them in a tax-efficient manner.
3. Succession Planning: For family-owned enterprises, leveraging safe income in succession planning ensures that wealth transfer strategies are executed with tax efficiency, minimizing the tax impact on both the transferor and transferee.

Staying Ahead of Regulatory Changes

Tax laws and CRA interpretations evolve, impacting the calculation and utilization of safe income. Staying informed about these changes and understanding their implications is crucial for maintaining tax compliance and optimizing tax strategies. Engaging with tax professionals who specialize in corporate tax and have a deep understanding of the intricacies of safe income can provide invaluable insights and guidance.

Leveraging Safe Income for Tax Efficiency

Safe income is a cornerstone of tax planning for Canadian family-owned enterprises, underpinning strategies that seek to optimize tax outcomes while adhering to the legal framework. Accurate calculation and strategic use of safe income enable corporations to navigate the complexities of the ITA, facilitating tax-efficient dividend distributions, corporate reorganizations, and wealth transfer. As tax experts committed to the success of family-owned enterprises, our role is to guide you through these processes, ensuring your business and family achieve their financial goals with tax efficiency and compliance at the forefront.

Robertson’s Rules and the Deduction of Non-deductible Expenses

Understanding the intricacies of tax planning and the application of specific tax rules is crucial for Canadian corporations, especially for family-owned enterprises aiming for tax efficiency. Two key concepts in this realm are “Robertson’s Rules” and the treatment of non-deductible expenses. Both play significant roles in determining the calculation of safe income, which in turn affects the taxation of intercorporate dividends and corporate reorganizations under Section 55 of the Income Tax Act (ITA).

Robertson’s Rules: A Brief Overview

Robertson’s Rules refer to guidelines established from the interpretation of tax law, named after a prominent figure or case in Canadian tax history. While not formal legislation, these rules have become a significant part of understanding and applying tax principles, particularly concerning the allocation and treatment of income and expenses within corporate groups.

One of the key applications of Robertson’s Rules is in the calculation of safe income, where they provide a framework for determining which earnings can be considered “safe” for distribution as dividends without attracting additional taxes. This includes an understanding of how retained earnings, previously taxed income, and other financial transactions within a corporation or corporate group should be treated to maintain tax efficiency and compliance.

Deduction of Non-deductible Expenses

The concept of non-deductible expenses is pivotal in tax planning, especially in the context of calculating safe income for the purposes of Section 55 of the ITA. Non-deductible expenses are costs incurred by a corporation that cannot be deducted for tax purposes. Common examples include fines and penalties, a portion of meals and entertainment expenses, and other expenditures explicitly disallowed by tax law.

However, when calculating safe income, the treatment of these non-deductible expenses becomes nuanced. The primary objective of safe income calculation is to determine the portion of a corporation’s accumulated earnings that has been subject to tax and is available for distribution without changing the nature of the distribution from a tax perspective. To accurately compute this figure, non-deductible expenses need to be carefully considered.

Impact on Safe Income Calculation:

Adding Back Non-deductible Expenses: For the purposes of safe income calculation, non-deductible expenses are generally added back to the corporation’s after-tax income. This adjustment is necessary because, although these expenses have reduced the corporation’s taxable income, they have not been subject to tax themselves and therefore do not decrease the corporation’s safe income.

Strategic Considerations: The treatment of non-deductible expenses in the calculation of safe income underscores the importance of strategic tax planning. By understanding how these expenses impact the calculation, corporations can make informed decisions about expense management, dividend distribution, and overall tax strategy to optimize their tax position.

Robertson’s Rules and the treatment of non-deductible expenses are integral components of tax planning for Canadian corporations. These concepts are especially relevant when navigating the complexities of Section 55 of the ITA and its implications for the taxation of intercorporate dividends and corporate reorganizations.

For family-owned enterprises and other corporations seeking to maximize tax efficiency and compliance, a deep understanding of these principles is essential. Partnering with a knowledgeable tax advisor, such as the team at Shajani LLP, can provide the expertise needed to navigate these and other tax planning challenges effectively. By leveraging professional guidance, corporations can ensure that their tax strategies are robust, compliant, and aligned with their business objectives.

 

How to Calculate Safe Income: A Detailed Guide

Calculating safe income is a critical process for Canadian corporations, particularly for family-owned enterprises planning dividend distributions or corporate reorganizations. This section provides a detailed guide on how to calculate safe income, highlighting the key steps involved and common items to consider during the calculation. Understanding and accurately determining safe income ensures that dividend distributions do not inadvertently trigger adverse tax consequences under the anti-avoidance rules of the Income Tax Act (ITA), specifically Section 55.

Step-by-Step Calculation of Safe Income

The calculation of safe income is nuanced and requires a thorough analysis of the corporation’s financials, considering various adjustments to arrive at the correct figure. Here is a step-by-step approach:

1. Start with Net Income After Taxes: Begin by identifying the corporation’s net income after taxes from the financial statements. This figure serves as the baseline for calculating safe income.
2. Adjust for Non-taxable Income: Subtract any income that was not subject to tax or was received tax-free by the corporation, such as proceeds from life insurance or dividends from other taxable Canadian corporations eligible for the Dividend Received Deduction.
3. Adjust for Non-deductible Expenses: Add back expenses that were not deductible for tax purposes. Common examples include fines and penalties, certain entertainment expenses, and 50% of meals and entertainment expenses that are not fully deductible.
4. Consider Capital Gains and Losses: Adjust for net capital gains or losses, recognizing that only 50% of capital gains are included in taxable income, while capital losses are only deductible against capital gains.
5. Account for Amortization and Depreciation: Add back amortization or depreciation expenses, as these are non-cash expenses that reduce taxable income but do not diminish the corporation’s safe income.
6. Adjust for Changes in Reserves: If the corporation utilizes reserves or provisions that affect taxable income, these should be adjusted for as they may not reflect actual income available for distribution.

Common Items to Consider

When calculating safe income, it’s important to pay close attention to:

• Capital Dividend Account (CDA) Transactions: These transactions can affect the calculation of safe income, especially since the CDA includes tax-free portions of capital gains and certain life insurance proceeds.
• Previously Taxed Income: Ensure that income previously taxed and retained in the corporation is accurately accounted for, as this forms the basis of safe income.
• Inter-corporate Dividends: Since these dividends can flow through a corporate group tax-free, they must be accurately tracked to ensure they are not mistakenly included or excluded from the safe income calculation.
• Changes in Accounting Policies: Any changes that affect the corporation’s income, such as changes in inventory valuation methods or recognition of revenue, must be considered as they may impact the safe income calculation.

Detailed Example of a Safe Income Calculation

Consider a corporation with the following financials for a given year:

• Net income after taxes: $500,000
• Non-taxable life insurance proceeds: $50,000
• Non-deductible fines and penalties: $10,000
• Net capital gains: $40,000 (taxable portion is $20,000)
• Depreciation expense (for tax purposes): $30,000

Calculation:

• Start with net income after taxes: $500,000
• Subtract non-taxable income: $500,000 – $50,000 = $450,000
• Add back non-deductible expenses: $450,000 + $10,000 = $460,000
• Adjust for net capital gains: Since $20,000 is already included in net income, no adjustment is needed here.
• Add back depreciation: $460,000 + $30,000 = $490,000
• Safe Income Available: $490,000

This example simplifies the process for illustrative purposes. In practice, the calculation can be more complex, requiring careful consideration of the corporation’s financial history, adjustments, and specific circumstances affecting its taxable income.

The calculation of safe income is an intricate process that plays a vital role in tax planning and compliance for Canadian corporations. By following a detailed approach and considering all relevant adjustments, corporations can accurately determine their safe income, facilitating tax-efficient strategies and minimizing the risk of adverse tax implications. Given the complexities involved, consulting with a tax professional specialized in corporate taxation is advisable to ensure accurate calculations and strategic tax planning.

Conclusion: The Importance of Expert Guidance in Tax Planning

Navigating the complexities of Canadian tax law, especially when it comes to the intricate details of calculating safe income and understanding anti-avoidance rules like Section 55 of the Income Tax Act, is a challenging endeavor. For family-owned enterprises, the stakes are even higher due to the dual focus on maintaining business efficiency and supporting family wealth preservation across generations. This intricate balance requires not only a deep understanding of tax laws but also a strategic approach to tax planning that aligns with both business and personal financial goals.

The Role of Expert Tax Guidance

Expert tax guidance becomes indispensable under these circumstances. Tax professionals possess the knowledge and experience necessary to navigate the ever-changing landscape of tax legislation and CRA policies. They can provide strategic advice that optimizes tax outcomes, ensures compliance, and supports the long-term objectives of family-owned enterprises. Whether it’s structuring corporate dividends, planning for succession, or undertaking corporate reorganizations, a tax expert can provide the insights and strategies needed to make informed decisions.

Moreover, tax planning is not a one-time task but an ongoing process that requires continuous attention and adaptation to new laws and financial situations. Professional tax advisors can offer proactive solutions and strategies that anticipate changes, minimize tax liabilities, and capitalize on opportunities for tax efficiency.

Why Choose Shajani CPA

At Shajani CPA, we understand the unique challenges and opportunities presented by the Canadian tax system for family-owned enterprises. Our team of dedicated tax professionals, including Chartered Professional Accountants (CPAs) and tax experts with advanced degrees in tax law, is equipped to provide the high-quality advice and service your business deserves.

Our approach is tailored to the specific needs of your enterprise, combining in-depth tax knowledge with a personal understanding of your business and family goals. We pride ourselves on being more than just tax advisors; we are partners in our clients’ success, providing strategic guidance that extends beyond tax compliance to encompass comprehensive financial planning and wealth management.

Choosing Shajani CPA means opting for a relationship that values integrity, expertise, and personalized service. We invite you to leverage our expertise in tax planning, corporate structuring, and succession planning to secure and enhance the financial well-being of your family-owned enterprise.

Moving Forward

The complexities of tax planning demand expert guidance and the potential benefits of such guidance are clear: optimized tax positions, compliance with current laws, and the strategic growth of your business and personal wealth. As you consider the next steps for your family-owned enterprise, remember that the right advisor can make all the difference.

Let Shajani CPA guide you through the intricacies of tax planning with our comprehensive, tailored services. Together, we can achieve your business ambitions while navigating the complexities of the tax system with confidence. Contact us today to explore how we can support your tax planning needs and help you realize your financial goals.

 

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Shajani CPA is a CPA Calgary, Edmonton and Red Deer firm and provides Accountant, Bookkeeping, Tax Advice and Tax Planning service.