Tax was never so easy beforeBusiness Tax Advisory
Four decisions shape most owner-run businesses: how you set it up, what you buy or sell, how you restructure, and how you eventually leave. Each one has a tax consequence that is cheap to plan and expensive to unwind.
Formation of a new corporation
Incorporation is not automatically the grown-up answer. It adds a corporation, separate records and separate filing obligations. Whether that trade-off makes sense depends on your income, risk, cash needs and longer-term plans. We work through the decision with you instead of treating incorporation as the default.
Sale and purchase of a business
The price is only the headline. How the transaction is structured changes what each side reports and what remains after tax. We work through the structure, timing and resulting filings before the terms are settled, when there is still room to choose.
Corporate reorganization
A reorganization is not administrative tidying. It changes where ownership, assets or operations sit. That may matter when you bring in family or partners, separate assets from the operating business, or prepare for a sale. The reasons need to be clear before the structure changes.
Business succession planning
Leaving the office is the easy part. An owner-managed business still needs an answer to three questions: who will run it, who will own it, and how the transfer will be funded and taxed. Those answers take time, especially when family, employees or several companies are involved.
Corporate tax in Mississauga
Where the important choice actually sits.
Corporate tax in Mississauga is often treated as a year-end filing job. That is the visible deadline, but it is rarely where the important choice sits. The tax consequence may have been shaped months earlier by how you incorporated, took income, bought or sold a business, changed ownership, reorganized operations or planned a succession. Taxplan works with owner-managed businesses on corporate returns, tax estimates and instalments, proposed transactions, reorganizations and succession planning.
The first step is not to force the business into a standard structure. It is to understand what you are trying to do, what already exists, and which choices are still open. Sometimes the right answer is to keep the current structure. Sometimes a change needs to happen before a transaction is signed or ownership moves. And sometimes the tax idea sounds attractive only because the practical cost and filing burden have been ignored. You should know which of those situations you are in.
The work is explained in plain language, with the filing requirements separated from the planning decision. No structure removes every tax cost, and no accountant can responsibly promise that it will. The job is to make the consequences visible before they become difficult to unwind.
The options narrow as you get closer.
Incorporation, a sale, a reorganization, a handover - most useful choices have to be made before the transaction, not explained after it. By closing day, many of them are gone.
Common questions