What's the difference between tax preparation and tax planning?

Tax preparation is reactive — we file your return based on what happened last year. Tax planning is proactive — we analyze your current situation and implement strategies to reduce future taxes. The best time to plan is before the tax year ends, not after.

When should I incorporate my business?

Incorporation makes sense when you're earning more than you spend and can leave profits in the corporation (taxed at ~12.5% vs. your personal rate). We typically recommend considering incorporation when net business income exceeds $100,000-$150,000 annually, but the right answer depends on your full financial picture.

What is the Lifetime Capital Gains Exemption (LCGE)?

The LCGE allows shareholders of qualifying small businesses to exempt up to $1.016M (2024, indexed to inflation) of capital gains when selling shares of a Canadian-Controlled Private Corporation. Proper planning is essential to ensure you qualify.

Is tax planning worth it for small businesses?

Absolutely. Even small businesses can save thousands annually through proper structure, compensation planning, and tax-efficient strategies. A $500 tax planning session that saves you $5,000/year pays for itself many times over.

Tax Planning Services

Strategic tax planning that helps you keep more of what you earn. We work with you year-round to minimize your tax burden, legally and effectively.

Get a Free Quote Call (905) 334-4611

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Proactive Tax Strategy for Business Owners

Most business owners pay more tax than they need to. Not because they're doing anything wrong, but because they're not planning ahead. They file their return, pay the bill, and move on.

Tax planning changes that. Instead of reacting to last year's numbers, we work with you throughout the year to put strategies in place before the tax year ends. The difference between reacting and planning can be tens of thousands of dollars. For many business owners, incorporating your business is one of the most impactful tax planning strategies available, and it is often the first step we recommend.

Ontario Tax Team's expert-led tax planning helps business owners across Southern Ontario and the GTA make smarter decisions about incorporation, compensation, investments, and succession.

What's Included

Incorporation Planning

Analysis of whether incorporating saves you money
Transition planning from sole proprietorship
CCPC structure and compliance setup
Professional corporation guidance

Compensation Optimization

Salary vs. dividend modelling
CPP and RRSP contribution planning
Shareholder loan management
Bonus timing and structuring

Wealth & Succession

Lifetime Capital Gains Exemption (LCGE) planning
Income splitting strategies for families
Estate freeze and succession planning
Corporate tax minimization and SR&ED credits

How It Works

Discovery

We review your current tax situation, income sources, and financial goals.

Analysis

Our team models different scenarios to identify the best tax-saving opportunities for you.

Strategy

We present a clear plan with specific recommendations and projected savings.

Implementation

We execute the strategy and adjust throughout the year as your situation evolves.

What Our Clients Say

Real reviews from real clients on Google.

“Ontario tax team helped us with corporate filings & payroll services. Extremely satisfied, highly recommended! Met up in their oakville office & spoke with the lead accountant for all our matters.”

Sal A

in the last week

“Samer is an amazing person that really helped out my father with taxes, he’s personable and really knowledgeable. If you need any tax help be sure to call to have everything taken care of fast and smoothly!”

Matthew Dusome

in the last week

“Just had my personal income tax return filed and the entire experience was seamless. I'm based in Toronto and couldn't make it into their Oakville office, but they handled everything 100% virtually: collected my documents online, walked me through every deduction I qualified for, and filed my T1 return with the CRA quickly and accurately. Communication was fast, the pricing was fair, and I filed a T4A for the first time with no headaches. If you're in Oakville (or anywhere in the GTA) looking for a knowledgeable personal tax accountant who actually responds and gets the job done right, I'd highly recommend them.”

Scoutty

a week ago

“Had my personal income taxes done through this company, seems like they have a lot of experience.”

Adam B

a week ago

“Best accounting tax service for personal tax and business tax filings. They are experienced and efficient with their services. Won’t need another accounting service ever again. Thank you Ontario Tax team”

Tracy Allen

3 weeks ago

Read all 7reviews on Google →

Frequently Asked Questions

Find tax planning services in your city

Oakville

Ready to Take Control of Your Finances?

Book a free 15-minute consultation and let's talk about how we can help your business thrive.

Book Free Consultation Call (905) 334-4611