Areas of Practice
CORPORATE TAXATION
The world of corporate taxation is ever growing and evolving, and has perhaps become the most complex area of taxation. With the consistent introduction of complex concepts such as Specified Corporate Income, non-eligible RDTOH, and reform of the taxation of (otherwise tax-deferred) intercorporate dividends . That’s where we come in.
nb small business investor tax credit
In New Brunswick, we are very fortunate to have this Program which is one of the most generous small business investor tax mechanisms in all of Canada. If you are growing your business, hiring, planning on becoming an owner-occupier of real property, or buying any type of equipment, you owe it to yourself as a business owner to discuss the situation with our Tax Specialists.
Estate Freezes
In Canada, business owners are permitted to incorporate new entities and in many cases benefit from the Corporate Veil. While legal advice to be provided by your lawyer is indispensable in terms of knowing how to protect your assets, Aegis Tax Specialists is able to assist you to achieve your desired corporate structure, and engage in corporate restructuring in a manner that minimizes or completely defers taxation.
creditor proofing strategy
Aegis Tax will provide tax advice in structuring your affairs in a manner that can reduce risk against any specific or third party claims. Along with your lawyers, we can assist you in navigating the complex tax rules that apply when you decide to divide your corporate group for reasons that are not necessarily related to tax matters.
estate and Family trust taxation
The area of taxation where business owners can plan to improve their situation the most is likely in the area of taxation on death. Generally speaking, business owners are deemed to dispose of all of their capital property on death at its full fair market value. Our Tax Specialists will work to reduce or eliminate tax on death, so you can focus more on operating or growing your business.
business strategy
The small to medium size business marketplace is a fierce frontier that requires professional advice from tax specialists, accountants and lawyers who are deeply entrenched in their particular areas of expertise. Our firm gives you an holistic approach, so your company can get the best competitive advantage.
representation To CRA / Audits / Appeals
The CRA specifically indicates in its Taxpayer Bill of Rights that you have the right to be represented by a person of your choice, to pay no more than what is required by law, to be treated professionally, courteously and fairly. You also have the right to have the law applied consistently. We can create a buffer between you and the tax authorities, and with our knowledge ensure that you have the best tax representation during any review, audit or appeal process.
Divisive reorganizations (butterfly rules)
There are very specific tax rule applicable to the tax deferred transfer of property between corporations where business partners/siblings are choosing to go their separate ways, or when assets must be moved to other corporations prior to a share sale or asset sale. Let us guide you through these rules to avoid unintended tax implications.
compensation tax planning
In these uncertain times, personal income tax rates will almost certainly increase in order to finance the increasing public debt. From employee stock options, to maximizing tax pools, or guiding you through the most recent Tax On Split Income (TOSI) rules, our firm stays two steps ahead of the changing landscape so that you can better plan your affairs.
succession planning
At Aegis Tax Specialists, we understand that tax planning is not your only concern, and that in many cases other issues such as transition of control, avoiding conflict, and treating people fairly or in an equitable manner can be just as important (if not more) than the tax bill at the end of the year. From will planning, to shareholder agreements, reversionary share ownership structures, buy/sell provisions and other succession planning mechanisms - we are there to guide you in the right direction, along with your lawyers/accountants.
capital gains deduction (CGE, QFP, QFFP)
Generally, speaking, each Resident of Canada has the right to claim his/her lifetime capital gains exemption on dispositions/transfers of qualifying property. The rules surrounding the claiming of this deduction are often much more complex than our clients expect (particularly in fishing and farming), and in many cases require tax planning many years in advance in order to optimize the use of such deductions.
INTERGENERATIONAL TRANSFERS
Business owners that are related by blood, marriage or adoption (and sometimes even in fact) are often afforded less favorable tax treatment on transfers of shares, or assets. There are a variety of specific anti-avoidance rules that can apply when transfers are carried out between family/related parties. At Aegis Tax, we pride ourselves in keeping you fully informed of the various traps and potentially penalizing rules as you aim to achieve your business objectives.