Taxation
By understanding your family's unique structure, including each member’s asset distribution and income streams, we can tailor a plan that best suits your family dynamic. This approach ensures the protection of your hard-earned assets within the framework of global taxation laws.
At Allin Wealth Management, our tax professionals provide the following services:
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Tax Optimization: Based on your current asset makeup, we provide professional advice to maximize tax savings and develop a tax structure that enhances the profitability of your investments.
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Asset Protection and Legacy Planning: We help protect your assets and establish appropriate channels for legacy planning through measures such as Life Insurance, Wills, and Family Trusts.
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Global Taxation Insights: We offer in-depth knowledge and advice on worldwide taxation changes and trends, helping you determine the best course of action to safeguard your wealth.
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Comprehensive Tax Consultation: Our experts at Allin Wealth Management work tirelessly to ensure you achieve the greatest savings and optimal returns on your investments, giving you peace of mind regarding your financial planning and taxation needs.
Do you want to avoid the complexities of incorporating your company on your own? Let the professionals at Allin Wealth Management guide you through the entire process. From completing the Corporation Name Search and Reservation online to obtaining your Articles of Incorporation and Business Number, drafting company by-laws, and more, our team ensures a clear and smooth incorporation process. Incorporating your business offers numerous advantages, including establishing a separate legal entity, limiting personal liability, lowering your personal tax rate, and improving access to grants and additional capital.
Corporate Taxation Services
With the constant changes in rules and regulations surrounding corporate taxation, business owners may find it challenging to stay informed and risk non-compliance, which can lead to fines and audits. At Allin Wealth Management, our goal is to minimize the risk of non-compliance for our clients while maximizing their value by positioning their companies for future growth. We offer a full range of integrated services throughout all stages of growth for corporations of all sizes, including but not limited to the preparation and filing of corporate income tax returns and correspondence with federal and provincial authorities on the client's behalf.
Additionally, we keep clients informed about the latest tax legislation, review the effectiveness of clients' business structures, and identify opportunities to minimize tax burdens while leveraging all available tax credits. Our team is dedicated to helping you navigate the complexities of corporate taxation, ensuring your business remains compliant and well-positioned for success.
Financial Management System
At Allin Wealth Management, we offer a comprehensive suite of financial and accounting services tailored for corporations. Our services include internal audit and risk management, budget analysis, establishment of financial controls, tax planning and reporting, investment management, financial analysis, employee training on maintaining compliance, development of compliance measures, and bookkeeping. Our goal is to ensure your corporation adheres to sound financial protocols, safeguarding your finances and promoting long-term stability and success.
Development of Family Office
Effectively transferring established wealth across generations is a top priority for our clients. At Allin Wealth Management, we possess the expertise to centralize the management of significant family fortunes. We provide comprehensive advice and services, including investment management, tax planning and legal matters, to ensure the successful transfer and preservation of wealth for future generations.
Trust, Estate and Succession Planning
Developing a succession plan and having those difficult conversations about the future can be challenging. At Allin Wealth Management, our experts are equipped with the professional knowledge necessary to guide our clients through the entire process, from identifying key priorities to implementing effective solutions. We take the time to understand each family's background and needs, tailoring comprehensive estate and succession plans that allow for long-term wealth preservation across generations.
Recognizing that life never stops changing, we are committed to supporting our clients through these changes, providing recommendations and adjustments as needed. Our top priority is to seek out effective channels, such as establishing family trusts, facilitating business transitions, and offering thorough estate planning services. This approach helps to minimize tax burdens and create peace of mind for our clients, ensuring their wealth is preserved for future generations.
Personal Taxation Services
We understanding our clients' unique needs and tailoring our strategies accordingly at Allin Wealth Management. Our Tax Managers take a proactive, hands-on approach, working diligently within current and proposed legislation to assess its impact on our clients' financial goals. We offer ongoing guidance on various topics, including tax compliance, family tax minimization, retirement planning, and asset protection. Whether you're a full-time employee, self-employed, or a business owner, we provide comprehensive professional advice to help you accurately report your taxes while maximizing the tax credits available to your specific circumstances.
Foreign Asset Reporting
Since 1998, Canadian taxpayers—including individuals, corporations, partnerships, and trusts—have been required to file Form T1135, Foreign Income Verification Statement, to report any specified foreign property if its cost exceeds $100,000 during the tax year. Additionally, with the implementation of the Common Reporting Standard (CRS), Canadian financial institutions must now identify accounts held by non-residents and report relevant information, such as income and sale proceeds, to the CRA. Properly declaring foreign assets and associated revenues is essential for taxpayers to avoid future tax liabilities and ensure compliance. At Allin Wealth Management, our team is committed to helping you understand these obligations and accurately declare your assets, providing peace of mind as you transition into your new life in Canada.
Social Benefits Application
Navigating life as a new immigrant in Canada can be both exciting and challenging. At Allin Wealth Management, our experts are here to assist you in applying for the benefits available to you as a Permanent Resident of Canada. These include the Canada Child Benefit, Health Benefits, GST/HST Credit, Employment Insurance, Education Funding, Old Age Security Pension, Canada Pension Plan, and more. Let us help make your transition smoother by ensuring you receive all the benefits to which you’re entitled.